4 hours Ago By ABMN Staff
Raymond James reaffirmed their outperform rating on shares of Renasant ( NASDAQ:RNST – Free Report ) in a research report sent to investors on Thursday, Benzinga reports. The firm currently has a $44.00 price objective on the financial services provider’s stock, up from their previous price objective of $40.
00. Several other analysts have also issued reports on the stock. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $45.
00 price target on shares of Renasant in a research report on Tuesday, December 31st. Hovde Group lowered shares of Renasant from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 13th. Finally, Piper Sandler raised their target price on shares of Renasant from $41.
00 to $44.00 and gave the company an “overweight” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock.
Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $42.83. Check Out Our Latest Report on RNST Renasant Stock Down 1.
0 % Renasant Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 1st. Stockholders of record on Wednesday, December 18th were given a $0.22 dividend.
This represents a $0.88 annualized dividend and a dividend yield of 2.27%.
The ex-dividend date of this dividend was Wednesday, December 18th. Renasant’s payout ratio is presently 26.91%.
Insider Buying and Selling In other Renasant news, Director John Creekmore sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $38.00, for a total transaction of $114,000.
00. Following the completion of the sale, the director now directly owns 24,057 shares in the company, valued at $914,166. This trade represents a 11.
09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink . 2.
82% of the stock is currently owned by insiders. Hedge Funds Weigh In On Renasant Large investors have recently made changes to their positions in the company. Quarry LP grew its holdings in Renasant by 698.
3% in the 2nd quarter. Quarry LP now owns 934 shares of the financial services provider’s stock valued at $29,000 after buying an additional 817 shares in the last quarter. KBC Group NV boosted its position in shares of Renasant by 32.
0% in the third quarter. KBC Group NV now owns 2,457 shares of the financial services provider’s stock valued at $80,000 after acquiring an additional 596 shares during the period. Northwestern Mutual Wealth Management Co.
boosted its position in shares of Renasant by 41.1% in the second quarter. Northwestern Mutual Wealth Management Co.
now owns 4,816 shares of the financial services provider’s stock valued at $147,000 after acquiring an additional 1,404 shares during the period. Creative Planning bought a new position in Renasant during the third quarter worth about $207,000. Finally, ZWJ Investment Counsel Inc.
bought a new position in Renasant during the fourth quarter worth about $208,000. Institutional investors own 77.31% of the company’s stock.
Renasant Company Profile ( Get Free Report ) Renasant Corporation operates as a bank holding company for Renasant Bank that provides a range of financial, wealth management, fiduciary, and insurance services to retail and commercial customers. The company operates through Community Banks, Insurance, and Wealth Management segments. The Community Banks segment offers checking and savings accounts, business and personal loans, asset-based lending, and factoring equipment leasing services, as well as safe deposit and night depository facilities.
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