BidaskClub lowered shares of Renasant Corporation (NASDAQ:RNST) from a sell rating to a strong sell rating in a report issued on Thursday.

Other equities analysts have also issued reports about the company. Zacks Investment Research upgraded Renasant Corporation from a hold rating to a buy rating and set a $49.00 target price on the stock in a report on Tuesday, July 4th. ValuEngine upgraded Renasant Corporation from a hold rating to a buy rating in a research note on Tuesday, June 27th. Jefferies Group LLC reiterated a hold rating and issued a $44.00 price objective on shares of Renasant Corporation in a research note on Friday, July 14th. Finally, Keefe, Bruyette & Woods set a $43.00 price objective on Renasant Corporation and gave the stock a hold rating in a research note on Saturday, May 27th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. Renasant Corporation currently has a consensus rating of Hold and an average price target of $43.50.

Shares of Renasant Corporation (RNST) traded up 0.52% on Thursday, reaching $42.50. The company had a trading volume of 19,510 shares. The company has a 50-day moving average price of $43.24 and a 200-day moving average price of $41.42. Renasant Corporation has a 52-week low of $31.56 and a 52-week high of $45.31. The firm has a market capitalization of $1.89 billion, a PE ratio of 19.17 and a beta of 1.06.

Renasant Corporation (NASDAQ:RNST) last posted its earnings results on Tuesday, July 18th. The financial services provider reported $0.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.04. Renasant Corporation had a return on equity of 8.41% and a net margin of 20.31%. The company had revenue of $113.87 million for the quarter, compared to analyst estimates of $112.43 million. During the same period last year, the company earned $0.59 earnings per share. Equities research analysts forecast that Renasant Corporation will post $2.34 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This news story was originally reported by Watch List News and is owned by of Watch List News. If you are reading this news story on another website, it was stolen and reposted in violation of international copyright laws. The correct version of this news story can be read at https://www.watchlistnews.com/renasant-corporation-rnst-downgraded-by-bidaskclub-to-strong-sell/1464034.html.

In other Renasant Corporation news, Director Fred F. Sharpe acquired 4,000 shares of the company’s stock in a transaction dated Monday, July 24th. The shares were acquired at an average cost of $42.36 per share, for a total transaction of $169,440.00. Following the completion of the purchase, the director now owns 9,666 shares of the company’s stock, valued at approximately $409,451.76. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP James W. Gray sold 5,000 shares of Renasant Corporation stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $39.94, for a total value of $199,700.00. Following the completion of the transaction, the executive vice president now owns 43,604 shares in the company, valued at $1,741,543.76. The disclosure for this sale can be found here. Insiders sold 18,000 shares of company stock worth $751,500 over the last quarter. 3.86% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the company. Ameritas Investment Partners Inc. acquired a new position in Renasant Corporation during the first quarter worth approximately $140,000. New York State Teachers Retirement System raised its position in Renasant Corporation by 5.6% in the first quarter. New York State Teachers Retirement System now owns 3,800 shares of the financial services provider’s stock worth $151,000 after buying an additional 200 shares during the last quarter. Amalgamated Bank raised its position in Renasant Corporation by 4.2% in the first quarter. Amalgamated Bank now owns 5,350 shares of the financial services provider’s stock worth $212,000 after buying an additional 214 shares during the last quarter. Trust Co. of Toledo NA OH acquired a new position in Renasant Corporation during the second quarter worth approximately $214,000. Finally, Smith Shellnut Wilson LLC ADV raised its position in Renasant Corporation by 4.7% in the second quarter. Smith Shellnut Wilson LLC ADV now owns 6,870 shares of the financial services provider’s stock worth $222,000 after buying an additional 309 shares during the last quarter. Institutional investors and hedge funds own 66.78% of the company’s stock.

Renasant Corporation Company Profile

Renasant Corporation is a bank holding company that owns and operates Renasant Bank (the Bank) and Renasant Insurance, Inc (Renasant Insurance). The Company’s segments include Community Banks, which delivers a range of banking and financial services to individuals and small to medium-sized businesses, including checking and savings accounts, business and personal loans, equipment leasing, as well as safe deposit and night depository facilities; Insurance, which includes a full service insurance agency offering all lines of commercial and personal insurance through major carriers; Wealth Management, which offers a range of fiduciary services that includes the administration and management of trust accounts, including personal and corporate benefit accounts, and custodial accounts, and Other.

Receive News & Ratings for Renasant Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Renasant Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.