4 hours Ago By Defense World Staff
Raymond James reiterated their outperform rating on shares of Renasant ( NASDAQ:RNST – Free Report ) in a research note released on Thursday morning, Benzinga reports. The firm currently has a $44.00 price target on the financial services provider’s stock, up from their prior price target of $40.
00. A number of other brokerages have also commented on RNST. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $45.
00 price objective on shares of Renasant in a research report on Tuesday, December 31st. Piper Sandler boosted their price target on Renasant from $41.00 to $44.
00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Hovde Group downgraded Renasant from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock.
According to MarketBeat.com, Renasant has a consensus rating of “Hold” and a consensus target price of $42.83.
Read Our Latest Stock Analysis on RNST Renasant Price Performance Renasant Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Wednesday, January 1st. Stockholders of record on Wednesday, December 18th were given a dividend of $0.22 per share.
The ex-dividend date was Wednesday, December 18th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.
27%. Renasant’s payout ratio is currently 26.91%.
Insider Buying and Selling at Renasant In other news, Director John Creekmore sold 3,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $38.00, for a total value of $114,000.
00. Following the transaction, the director now owns 24,057 shares of the company’s stock, valued at $914,166. This represents a 11.
09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink . Corporate insiders own 2.
82% of the company’s stock. Hedge Funds Weigh In On Renasant Institutional investors have recently modified their holdings of the stock. Quarry LP lifted its holdings in Renasant by 698.
3% during the second quarter. Quarry LP now owns 934 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 817 shares in the last quarter. KBC Group NV lifted its stake in Renasant by 32.
0% in the 3rd 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 in the last quarter. Northwestern Mutual Wealth Management Co.
boosted its position in Renasant by 41.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co.
now owns 4,816 shares of the financial services provider’s stock worth $147,000 after acquiring an additional 1,404 shares during the last quarter. Creative Planning bought a new position in shares of Renasant during the 3rd quarter worth approximately $207,000. Finally, ZWJ Investment Counsel Inc.
acquired a new stake in shares of Renasant in the fourth quarter valued at approximately $208,000. 77.31% of the stock is currently owned by institutional investors and hedge funds.
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.
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