Renasant Corp
RNST

$33.03

0.79%

Market Cap: $1.86B

About: Renasant Corp operates as a holding company for Renasant Bank, a Mississippi banking corporation, and its subsidiary, Renasant Insurance, Inc. It has three reportable segments: community banks, insurance, and wealth management. With its community banks segment, the company provides a range of financial services to individuals and small businesses. Its insurance segment is an insurance agency providing commercial and personal insurance through third-party carriers. The wealth management segment provides a range of services including money management and retirement planning. The majority of the company's revenue is driven by lending activities in its community banks segment. Renasant Corporation operates in the southern United States.

Employees: 2,300

Financials State Commercial Banks

0

Funds holding %

of 6,710 funds

0

Analysts bullish %

of 9 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

56% more first-time investments, than exits

New positions opened: 28 | Existing positions closed: 18

19% more repeat investments, than reductions

Existing positions increased: 75 | Existing positions reduced: 63

5% more funds holding

Funds holding: 198 [Q1] → 208 (+10) [Q2]

0.68% more ownership

Funds ownership: 77.57% [Q1] → 78.25% (+0.68%) [Q2]

1% less capital invested

Capital invested by funds: $1.37B [Q1] → $1.35B (-$19.3M) [Q2]

13% less call options, than puts

Call options by funds: $40K | Put options by funds: $46K

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Research analyst outlook

9 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$32

3%

downside

Avg. target

$37

12%

upside

High target

$41

24%

upside

9 analyst ratings

3 positive

33%

6 neutral

67%

0 negative

0%

Piper Sandler Stephen Scouten 65% 1-year accuracy 15 / 23 met price target	21%upside $40	Overweight Upgraded	5 Aug 2024
Keefe, Bruyette & Woods Catherine Mealor 43% 1-year accuracy 6 / 14 met price target	21%upside $40	Outperform Upgraded	2 Aug 2024
Stephens & Co. Matt Olney 87% 1-year accuracy 33 / 38 met price target	24%upside $41	Overweight Upgraded	31 Jul 2024
Hovde Group David Bishop 67% 1-year accuracy 2 / 3 met price target	15%upside $38	Market Perform Downgraded	25 Jul 2024
Truist Securities Brandon King 81% 1-year accuracy 44 / 54 met price target	15%upside $38	Hold Maintained	25 Jul 2024

See Analyst Rankings

Financial journalist opinion

Based on 3 articles about RNST published over the past 30 days

RNST Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of Renasant Corporation Is Fair to Shareholders

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Renasant Corporation (NYSE: RNST) and The First Bancshares, Inc. is fair to Renasant shareholders. Halper Sadeh encourages Renasant shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. The investigation concerns whether Renasant and its board viola.

RNST Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of Renasant Corporation Is Fair to Shareholders

Renasant Convention Center Unveils 100-Foot Wall of Art by Patients of St. Jude Children's Research Hospital

MEMPHIS, Tenn.--(BUSINESS WIRE)--Ahead of Childhood Cancer Awareness Month in September, the Renasant Convention Center unveiled on Wednesday, Aug. 28 a new series of art pieces by 12 patients from St. Jude Children's Research Hospital®. The artwork appears on a wall measuring more than 100 feet wide on the Renasant's second floor. Its creations portray a vibrant mix of the city's landmarks, the nurturing environment of St. Jude and the realities of living with cancer and other life-threatening.

Renasant Convention Center Unveils 100-Foot Wall of Art by Patients of St. Jude Children's Research Hospital

Zacks Investment Research

Regional Banks Ramp Up M&A Deals to Strengthen Balance Sheet

Regional banks like SSB, UMBF and RNST are resorting to M&A deals to bolster their balance sheet amid deposit competition.

Regional Banks Ramp Up M&A Deals to Strengthen Balance Sheet

Renasant Corporation Declares Quarterly Dividend

TUPELO, Miss., Aug. 14, 2024 (GLOBE NEWSWIRE) -- The board of directors of Renasant Corporation (NYSE: RNST) approved the payment of a quarterly cash dividend of twenty-two cents ($0.22) per share to be paid September 30, 2024, to shareholders of record as of September 16, 2024.

Renasant Corporation Declares Quarterly Dividend

KBW analysts recommend these 11 financial stocks after the market sell-off

As financial stocks bounced back Tuesday from steep losses, KBW Research has recommended 11 financial stocks for investors to consider buying based on two categories: oversold or idiosyncratic with catalysts.

KBW analysts recommend these 11 financial stocks after the market sell-off

Renasant Is On A 'Better Path' After The FBMS Deal, Says Bullish Analyst

Renasant Corp RNST shares tanked in early trading on Monday, a week after announcing a public offering of 6.25 million shares.

Renasant Is On A 'Better Path' After The FBMS Deal, Says Bullish Analyst

Renasant Corporation Announces Closing of Common Stock Offering

TUPELO, Miss., July 31, 2024 (GLOBE NEWSWIRE) -- Renasant Corporation (NYSE: RNST) (the “Corporation”) today announced that it has completed its public offering of an aggregate of 7,187,500 shares of its common stock (the “common stock”) at a price of $32.00 per share, including 937,500 additional shares of common stock upon the exercise in full by the underwriters of their option to purchase additional shares. The aggregate gross proceeds were $230.0 million. The net proceeds of the offering after deducting underwriting discounts and other estimated offering expenses are expected to be approximately $217.0 million. The Corporation intends to use the net proceeds of the offering for general corporate purposes to support its continued growth, including investments in Renasant Bank and future strategic acquisitions.

Renasant Corporation Announces Closing of Common Stock Offering

Zacks Investment Research

Renasant (RNST) Set to Acquire First Bancshares for $1.2B

Renasant (RNST) agrees to acquire The First Bancshares in a 100% stock deal for $1.2 billion. This earnings-accretive transaction will result in the formation of a six-state Southeastern banking franchise.

Renasant (RNST) Set to Acquire First Bancshares for $1.2B

Renasant Corporation Announces Pricing of $200 Million Offering of Common Stock

TUPELO, Miss., July 29, 2024 (GLOBE NEWSWIRE) -- Renasant Corporation (NYSE: RNST) (the “Corporation”) today announced the pricing of its public offering of 6,250,000 shares of its common stock (the “common stock”), at a price to the public of $32.00 per share, for an aggregate offering amount of $200.0 million. In addition, the Corporation has granted the underwriters a 30-day option to purchase up to an additional 937,500 shares of common stock at the public offering price, less underwriting discounts.

Renasant Corporation Announces Pricing of $200 Million Offering of Common Stock

Renasant Corporation to Acquire The First Bancshares, Inc.

TUPELO, Miss.--(BUSINESS WIRE)--Renasant Corporation (NYSE: RNST) (“Renasant”) and The First Bancshares, Inc. (“The First”) (NYSE: FBMS) jointly announced today that they have entered into a definitive agreement and plan of merger, pursuant to which The First will merge with and into Renasant (the “Merger”) in an all-stock transaction valued at approximately $1.2 billion, based on Renasant's closing stock price as of July 26, 2024. The Merger has been approved unanimously by each company's boar.

Renasant Corporation to Acquire The First Bancshares, Inc.

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