Currently, there are 63.57M common shares owned by the public and among those 54.94M shares have been available to trade.
The company’s stock has a 5-day price change of -5.17% and -5.67% over the past three months. RNST shares are trading -5.09% year to date (YTD), with the 12-month market performance up to 9.06% 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 593.03K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.85%, -6.67%, and -1.71% respectively.
Institutional ownership of Renasant Corp (NYSE: RNST) shares accounts for 104.68% of the company’s 63.57M shares outstanding.
It has a market capitalization of $2.16B and a beta (3y monthly) value of 0.95. The stock’s trailing 12-month PE ratio is 10.42, while the earnings-per-share (ttm) stands at $3.26. The company has a debt-to-equity ratio at 0.22. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.51% over the week and 2.86% over the month.
Analysts forecast that Renasant Corp (RNST) will achieve an EPS of 0.61 for the current quarter, 0.71 for the next quarter and 3.55 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.58 while analysts give the company a high EPS estimate of 0.58. Comparatively, EPS for the current quarter was 0.65 a year ago. Earnings per share for the fiscal year are expected to decrease by -41.28%, and 85.07% 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.
