Renasant Corporation (RNST) Holdings Raised by Parametric Portfolio Associates LLC

Parametric Portfolio Associates LLC raised its holdings in Renasant Corporation (NASDAQ:RNST) by 3.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 58,193 shares of the financial services provider’s stock after acquiring an additional 2,158 shares during the quarter. Parametric Portfolio Associates LLC owned 0.13% of Renasant Corporation worth $2,545,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Advisor Group Inc. lifted its holdings in Renasant Corporation by 13.3% in the second quarter. Advisor Group Inc. now owns 3,168 shares of the financial services provider’s stock valued at $138,000 after acquiring an additional 371 shares during the period. New York State Teachers Retirement System lifted its holdings in Renasant Corporation by 5.6% in the first quarter. New York State Teachers Retirement System now owns 3,800 shares of the financial services provider’s stock valued at $151,000 after acquiring an additional 200 shares during the period. Trust Co. of Toledo NA OH acquired a new stake in Renasant Corporation in the second quarter valued at $214,000. Aperio Group LLC acquired a new stake in Renasant Corporation in the second quarter valued at $229,000. Finally, Amalgamated Bank lifted its holdings in Renasant Corporation by 4.2% in the first quarter. Amalgamated Bank now owns 5,350 shares of the financial services provider’s stock valued at $212,000 after acquiring an additional 214 shares during the period. 61.93% of the stock is owned by institutional investors.

Renasant Corporation (RNST) opened at $41.72 on Monday. The stock has a market capitalization of $2,057.64, a price-to-earnings ratio of 17.60 and a beta of 1.00. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.90 and a current ratio of 0.93. Renasant Corporation has a one year low of $32.51 and a one year high of $45.31.

Renasant Corporation (NASDAQ:RNST) last released its quarterly earnings results on Tuesday, October 17th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.08). The firm had revenue of $123.43 million for the quarter, compared to analyst estimates of $127.07 million. Renasant Corporation had a return on equity of 8.57% and a net margin of 20.44%. During the same period last year, the firm earned $0.59 EPS. research analysts forecast that Renasant Corporation will post 2.33 earnings per share for the current fiscal year.

A number of research firms have commented on RNST. Jefferies Group LLC reissued a “hold” rating and issued a $44.00 target price on shares of Renasant Corporation in a report on Friday, July 14th. Zacks Investment Research raised Renasant Corporation from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research note on Wednesday, September 20th. BidaskClub downgraded Renasant Corporation from a “hold” rating to a “sell” rating in a research note on Sunday, July 16th. ValuEngine raised Renasant Corporation from a “hold” rating to a “buy” rating in a research note on Monday, September 18th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $43.00 price target on shares of Renasant Corporation in a research note on Friday, September 29th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $44.00.

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In other news, Director J Niles Mcneel sold 10,000 shares of Renasant Corporation stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $42.39, for a total transaction of $423,900.00. Following the completion of the transaction, the director now owns 29,921 shares of the company’s stock, valued at approximately $1,268,351.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Fred F. Sharpe purchased 2,000 shares of the business’s stock in a transaction dated Friday, August 11th. The shares were purchased at an average cost of $39.55 per share, with a total value of $79,100.00. The disclosure for this purchase can be found here. Insiders have bought a total of 3,023 shares of company stock valued at $121,521 in the last ninety days. Corporate insiders own 3.86% of the company’s stock.

Renasant Corporation Company Profile

Renasant Corporation is a bank holding company that owns and operates Renasant Bank (the Bank) and Renasant Insurance, Inc (Renasant Insurance). The Company’s segments include Community Banks, which delivers a range of banking and financial services to individuals and small to medium-sized businesses, including checking and savings accounts, business and personal loans, equipment leasing, as well as safe deposit and night depository facilities; Insurance, which includes a full service insurance agency offering all lines of commercial and personal insurance through major carriers; Wealth Management, which offers a range of fiduciary services that includes the administration and management of trust accounts, including personal and corporate benefit accounts, and custodial accounts, and Other.

Institutional Ownership by Quarter for Renasant Corporation (NASDAQ:RNST)

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