Currently, there are 63.57M common shares owned by the public and among those 54.88M shares have been available to trade.
The company’s stock has a 5-day price change of -1.06% and 2.81% over the past three months. RNST shares are trading 7.55% year to date (YTD), with the 12-month market performance up to 23.95% higher. It has a 12-month low price of $27.98 and touched a high of $39.63 over the same period. RNST has an average intraday trading volume of 522.49K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.19%, 4.53%, and 13.97% respectively.
Institutional ownership of Renasant Corp (NYSE: RNST) shares accounts for 104.73% of the company’s 63.57M shares outstanding.
It has a market capitalization of $2.17B and a beta (3y monthly) value of 1.03. The stock’s trailing 12-month PE ratio is 11.80, while the earnings-per-share (ttm) stands at $3.26. The company has a debt-to-equity ratio at 0.20. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.38% over the week and 2.37% over the month.
Earnings per share for the fiscal year are expected to decrease by -44.19%, and 83.11% over the next financial year.
Piper Sandler coverage for the Renasant Corp (RNST) stock in a research note released on August 05, 2024 offered a Overweight rating with a price target of $40. Hovde Group was of a view on August 05, 2024 that the stock is Outperform, while Stephens gave the stock Overweight rating on July 31, 2024, issuing a price target of $34- $41. Raymond James on their part issued Outperform rating on July 31, 2024.
