Renasant Corp. [RNST] stock is trading at $30.66, up 0.49%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The RNST shares have gain 8.30% over the last week, with a monthly amount glided 3.06%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Renasant Corp. [NYSE: RNST] stock has seen the most recent analyst activity on April 06, 2023, when Raymond James downgraded its rating to a Mkt Perform. Previously, Raymond James upgraded its rating to Outperform on October 27, 2022, and kept the price target unchanged to $41. On June 21, 2022, upgrade upgraded it’s rating to Outperform but maintained its price target of $34 on the stock. DA Davidson upgraded its rating to a Buy but stick to its price target of $41 on February 24, 2022. DA Davidson downgraded its rating to a Neutral and reduced its price target to $27 on September 15, 2020. DA Davidson upgraded its rating to Buy for this stock on March 16, 2020. In a note dated October 23, 2019, Sandler O’Neill downgraded an Hold rating on this stock.
Renasant Corp. [RNST] stock has fluctuated between $22.99 and $34.85 over the past year. Renasant Corp. [NYSE: RNST] shares were valued at $30.66 at the most recent close of the market.
Analyzing the RNST fundamentals
Renasant Corp. [NYSE:RNST] reported sales of 965.85M for the trailing twelve months, which represents a growth of 15.06%. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.25%, Pretax Profit Margin comes in at 0.25%, and Net Profit Margin reading is 0.21%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.06 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.23.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 29.27 points at the first support level, and at 27.87 for the second support level. However, for the 1st resistance point, the stock is sitting at 31.39, and for the 2nd resistance point, it is at 32.12.
Renasant Corp. [RNST] reported earnings per share of $0.65 for its fiscal quarter that ended on 3/31/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.62/share, meaning a difference of $0.03 and a surprise factor of 4.80%. By comparison, the stated earnings for the previous quarter ended on 12/31/2023 were $0.76 per share as compared to estimates of $0.64 per share, a difference of $0.12 representing a surprise of 18.80%.
Ratios To Look Out For
For context, Renasant Corp.’s Current Ratio is 0.24. Considering the valuation of this stock, the price to sales ratio is 1.78, the price to book ratio is 0.74 and price to earnings (TTM) ratio is 12.54.
Transactions by insiders
Recent insider trading involved Perry Curtis J, EVP, that happened on May 10 ’23 when 10000.0 shares were purchased. Director, FOY JOHN completed a deal on May 03 ’23 to buy 3000.0 shares.
