Renasant (NASDAQ:RNST – Get Free Report) posted its quarterly earnings results on Tuesday. The financial services provider reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.02, Briefing.com reports. The business had revenue of $254.56 million for the quarter, compared to the consensus estimate of $159.60 million. Renasant had a return on equity of 7.50% and a net margin of 14.67%. During the same quarter in the previous year, the business earned $0.82 EPS.
Renasant Stock Performance
NASDAQ RNST opened at $30.66 on Thursday. The stock has a market capitalization of $1.72 billion, a price-to-earnings ratio of 12.46 and a beta of 1.03. Renasant has a twelve month low of $22.99 and a twelve month high of $34.85. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 0.19. The stock has a 50-day moving average of $30.36 and a 200 day moving average of $29.87.
Renasant Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.88 dividend on an annualized basis and a yield of 2.87%. Renasant’s payout ratio is 35.77%.
Analyst Ratings Changes
Check Out Our Latest Report on RNST
Renasant Company Profile
Renasant Corporation operates as a bank holding company for Renasant Bank that provides a range of financial, wealth management, fiduciary, and insurance services to retail and commercial customers. The company operates through Community Banks, Insurance, and Wealth Management segments. The Community Banks segment offers checking and savings accounts, business and personal loans, asset-based lending, and factoring equipment leasing services, as well as safe deposit and night depository facilities.
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