Renasant (RNST) to Release Earnings on Tuesday

Renasant (NASDAQ:RNST) is scheduled to release its earnings data after the market closes on Tuesday, April 23rd. Analysts expect Renasant to post earnings of $0.76 per share for the quarter.

Renasant (NASDAQ:RNST) last announced its quarterly earnings data on Tuesday, January 22nd. The financial services provider reported $0.78 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.78. Renasant had a return on equity of 8.85% and a net margin of 24.19%. The firm had revenue of $151.83 million for the quarter, compared to analyst estimates of $152.15 million. During the same quarter in the prior year, the company posted $0.33 earnings per share. On average, analysts expect Renasant to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of RNST stock opened at $34.32 on Tuesday. Renasant has a 1-year low of $28.02 and a 1-year high of $49.78. The firm has a market cap of $2.02 billion, a P/E ratio of 11.44 and a beta of 1.22. The company has a current ratio of 0.95, a quick ratio of 0.91 and a debt-to-equity ratio of 0.13.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, March 21st were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend was Wednesday, March 20th. Renasant’s dividend payout ratio is presently 28.00%.

A number of analysts have commented on the company. Zacks Investment Research downgraded Renasant from a “hold” rating to a “sell” rating in a research report on Thursday, April 4th. BidaskClub downgraded Renasant from a “hold” rating to a “sell” rating in a research report on Friday, March 22nd. Three investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. Renasant has an average rating of “Hold” and an average price target of $37.00.

In other Renasant news, EVP James W. Gray sold 2,504 shares of the business’s stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $38.33, for a total transaction of $95,978.32. Following the sale, the executive vice president now directly owns 58,072 shares in the company, valued at $2,225,899.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.64% of the stock is currently owned by insiders.

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Renasant Company Profile

Renasant Corporation operates as a bank holding company for Renasant Bank, which provides a range of financial, wealth management, fiduciary, and insurance services to retail and commercial customers. It operates through three segments: Community Banks, Insurance, and Wealth Management. The Community Banks segment offers checking and savings, money market, individual retirement, and health savings accounts, as well as safe deposit and night depository facilities.

See Also: Compound Annual Growth Rate (CAGR)

Earnings History for Renasant (NASDAQ:RNST)

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