5 hours Ago By Defense World Staff
Renasant ( NASDAQ:RNST – Free Report ) had its target price raised by Piper Sandler from $41.00 to $44.00 in a research note issued to investors on Thursday morning, Benzinga reports.
They currently have an overweight rating on the financial services provider’s stock. Several other research firms also recently weighed in on RNST. Hovde Group downgraded Renasant from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 13th.
Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $45.00 target price on shares of Renasant in a research note on Tuesday, December 31st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock.
According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $42.83. Read Our Latest Report on RNST Renasant Trading Down 1.
0 % Renasant Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 1st. Stockholders of record on Wednesday, December 18th were paid 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 dividend payout ratio is currently 26.91%.
Insider Activity at Renasant In related news, Director John Creekmore sold 3,000 shares of the 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 transaction, the director now owns 24,057 shares in the company, valued at $914,166. This represents a 11.
09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website . 2.
82% of the stock is currently owned by insiders. Institutional Investors Weigh In On Renasant A number of hedge funds have recently added to or reduced their stakes in RNST. Jennison Associates LLC grew its holdings in shares of Renasant by 204.
9% in the fourth quarter. Jennison Associates LLC now owns 1,173,801 shares of the financial services provider’s stock worth $41,963,000 after acquiring an additional 788,762 shares during the period. State Street Corp boosted its position in Renasant by 26.
5% in the third quarter. State Street Corp now owns 3,369,915 shares of the financial services provider’s stock worth $109,522,000 after purchasing an additional 705,344 shares during the last quarter. Philadelphia Financial Management of San Francisco LLC bought a new stake in shares of Renasant during the 3rd quarter valued at about $15,009,000.
Stieven Capital Advisors L.P. purchased a new stake in shares of Renasant during the 3rd quarter valued at about $11,981,000.
Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Renasant by 21.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,746,924 shares of the financial services provider’s stock worth $56,775,000 after purchasing an additional 303,945 shares during the period.
77.31% of the stock is currently owned by hedge funds and other institutional investors. About Renasant ( 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. Featured Stories Five stocks we like better than Renasant Most Volatile Stocks, What Investors Need to Know ServiceNow Stock Slips, But AI Expansion Signals Long-Term Gains TSX Venture Exchange (Formerly Canadian Venture Exchange) Microsoft and Meta’s AI Investment Plans Are Full Steam Ahead Utilities Stocks Explained – How and Why to Invest in Utilities Beyond Self-Driving Cars: Factory Automation Takes Center Stage Receive News & Ratings for Renasant Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Renasant and related companies with MarketBeat.
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