Renasant Co. (NASDAQ:RNST) declared a quarterly dividend on Thursday, April 22nd, Wall Street Journal reports. Investors of record on Wednesday, June 16th will be given a dividend of 0.22 per share by the financial services provider on Wednesday, June 30th. This represents a $0.88 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date is Tuesday, June 15th.
Renasant has increased its dividend by 20.6% over the last three years and has raised its dividend every year for the last 1 years.
Shares of RNST opened at $40.39 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.95. The firm’s 50 day moving average is $42.61 and its 200-day moving average is $35.88. Renasant has a 12-month low of $19.38 and a 12-month high of $46.97. The stock has a market capitalization of $2.27 billion, a P/E ratio of 25.24 and a beta of 1.29.
A number of equities analysts recently weighed in on the company. Truist Financial increased their price target on Renasant from $35.00 to $40.00 in a research report on Friday, January 29th. Zacks Investment Research upgraded shares of Renasant from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a report on Wednesday, April 7th.
In other Renasant news, Director John Creekmore sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 10th. The shares were sold at an average price of $38.58, for a total value of $192,900.00. Following the transaction, the director now owns 14,937 shares in the company, valued at approximately $576,269.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Edward Robinson Mcgraw sold 15,000 shares of Renasant stock in a transaction on Tuesday, February 9th. The shares were sold at an average price of $39.33, for a total transaction of $589,950.00. Over the last three months, insiders sold 53,630 shares of company stock valued at $2,140,990. Company insiders own 3.99% of the company’s stock.
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 accounts, business and personal loans, asset-based lending, and equipment leasing services, as well as safe deposit and night depository facilities.
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