Renasant Corporation (RNST) Shares Bought by Ameritas Investment Partners Inc.
Ameritas Investment Partners Inc. increased its position in shares of Renasant Corporation (NASDAQ:RNST) by 7.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,792 shares of the financial services provider’s stock after purchasing an additional 264 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Renasant Corporation were worth $166,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Advisor Group Inc. lifted its stake in Renasant Corporation by 13.3% during the second quarter. Advisor Group Inc. now owns 3,168 shares of the financial services provider’s stock worth $138,000 after purchasing an additional 371 shares during the last quarter. New York State Teachers Retirement System increased its holdings in shares of Renasant Corporation by 5.6% during the first quarter. New York State Teachers Retirement System now owns 3,800 shares of the financial services provider’s stock valued at $151,000 after purchasing an additional 200 shares during the period. Amalgamated Bank grew its holdings in Renasant Corporation by 4.2% during the first quarter. Amalgamated Bank now owns 5,350 shares of the financial services provider’s stock worth $212,000 after acquiring an additional 214 shares during the period. Trust Co. of Toledo NA OH acquired a new position in Renasant Corporation during the second quarter worth about $214,000. Finally, Smith Shellnut Wilson LLC ADV grew its holdings in Renasant Corporation by 4.7% during the second quarter. Smith Shellnut Wilson LLC ADV now owns 6,870 shares of the financial services provider’s stock worth $222,000 after acquiring an additional 309 shares during the period. Hedge funds and other institutional investors own 62.15% of the company’s stock.
A number of equities research analysts have commented on RNST shares. Jefferies Group LLC restated a “hold” rating and set a $44.00 price objective on shares of Renasant Corporation in a research report on Friday, July 14th. Zacks Investment Research upgraded Renasant Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. BidaskClub lowered Renasant Corporation from a “hold” rating to a “sell” rating in a research report on Sunday, July 16th. ValuEngine upgraded Renasant Corporation from a “hold” rating to a “buy” rating in a research report on Monday, September 18th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $43.00 price objective on shares of Renasant Corporation in a research report on Friday, September 29th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. Renasant Corporation presently has an average rating of “Hold” and an average target price of $44.00.
In other Renasant Corporation news, Director Michael D. Shmerling acquired 1,000 shares of Renasant Corporation stock in a transaction on Tuesday, August 8th. The shares were bought at an average price of $41.50 per share, with a total value of $41,500.00. Following the completion of the purchase, the director now owns 156,347 shares in the company, valued at $6,488,400.50. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Fred F. Sharpe acquired 2,000 shares of Renasant Corporation stock in a transaction on Friday, August 11th. The stock was acquired at an average cost of $39.55 per share, for a total transaction of $79,100.00. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 3,023 shares of company stock worth $121,521. 3.86% of the stock is owned by insiders.
Renasant Corporation (NASDAQ:RNST) opened at $41.72 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.93 and a debt-to-equity ratio of 0.15. The company has a market cap of $2.06 billion, a price-to-earnings ratio of 17.64 and a beta of 1.00.
Renasant Corporation (NASDAQ:RNST) last announced its quarterly earnings data on Tuesday, October 17th. The financial services provider reported $0.53 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.08). Renasant Corporation had a return on equity of 8.57% and a net margin of 20.44%. The firm had revenue of $123.43 million for the quarter, compared to analyst estimates of $127.07 million. During the same period in the previous year, the business posted $0.59 EPS. equities analysts anticipate that Renasant Corporation will post 2.33 EPS for the current year.
About Renasant Corporation
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.
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