Renasant Corporation (RNST) Given News Sentiment Rating of 0.15

Media coverage about Renasant Corporation (NASDAQ:RNST) has been trending somewhat positive on Thursday, according to Accern Sentiment. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Renasant Corporation earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 45.9281663157345 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Shares of Renasant Corporation (RNST) traded up $0.11 during midday trading on Thursday, hitting $40.24. 208,876 shares of the stock were exchanged, compared to its average volume of 189,013. The stock has a market capitalization of $2,013.25, a P/E ratio of 17.22 and a beta of 1.00. Renasant Corporation has a 1-year low of $37.68 and a 1-year high of $45.31. The company has a current ratio of 0.93, a quick ratio of 0.90 and a debt-to-equity ratio of 0.14.

Renasant Corporation (NASDAQ:RNST) last issued its quarterly earnings results on Tuesday, October 17th. The financial services provider reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.08). The firm had revenue of $123.43 million for the quarter, compared to analysts’ expectations of $127.07 million. Renasant Corporation had a return on equity of 8.15% and a net margin of 20.44%. During the same quarter last year, the firm earned $0.59 earnings per share. analysts expect that Renasant Corporation will post 2.33 EPS for the current fiscal year.

Several equities analysts have weighed in on RNST shares. Zacks Investment Research upgraded shares of Renasant Corporation from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a report on Wednesday, September 20th. ValuEngine upgraded shares of Renasant Corporation from a “hold” rating to a “buy” rating in a report on Monday, September 18th. BidaskClub downgraded shares of Renasant Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $43.00 target price on shares of Renasant Corporation in a report on Friday, September 29th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $44.00.

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In other news, Director Michael D. Shmerling purchased 1,000 shares of the stock in a transaction dated Friday, November 10th. The stock was acquired at an average cost of $39.40 per share, for a total transaction of $39,400.00. Following the completion of the acquisition, the director now directly owns 157,347 shares in the company, valued at approximately $6,199,471.80. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director J Niles Mcneel sold 10,000 shares of Renasant Corporation stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $42.39, for a total transaction of $423,900.00. Following the sale, the director now owns 29,921 shares of the company’s stock, valued at $1,268,351.19. The disclosure for this sale can be found here. 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.

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