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Renasant NYSE:RNST Stock Report

Last Price

US$35.38

Market Cap

US$2.2b

7D

-3.0%

1Y

4.9%

Updated

22 Dec, 2024

Data

Company Financials +

Renasant Corporation

NYSE:RNST Stock Report

Market Cap: US$2.2b

RNST Stock Overview

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. More details

RNST fundamental analysis
Snowflake Score
Valuation4/6
Future Growth5/6
Past Performance5/6
Financial Health6/6
Dividends5/6

Rewards

Trading at 38.4% below our estimate of its fair value

Earnings are forecast to grow 24.22% per year

Earnings grew by 9.8% over the past year

Pays a reliable dividend of 2.49%

Risk Analysis

Shareholders have been diluted in the past year


My Notes

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WA
Analyst Price Target
Consensus Narrative from 6 Analysts

Merger With The First Expected To Strengthen Market Position Amid Potential Earnings Challenges

Key Takeaways The merger with The First could enhance market position and growth through synergies, while core deposit growth strategies may improve net interest margins. Focus on asset quality and nonbank opportunities suggests a strategy to protect margins, diversify income, and emphasize strategic loan growth.
View narrative
US$40.83
FV
13.4% undervalued intrinsic discount
23.54%
Revenue growth p.a.
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16users have followed this narrative
10 days ago author updated this narrative

Renasant Corporation Competitors

NBT Bancorp

NasdaqGS:NBTB

US$2.3b

Banner

NasdaqGS:BANR

US$2.3b

Trustmark

NasdaqGS:TRMK

US$2.2b

WesBanco

NasdaqGS:WSBC

US$2.2b

Price History & Performance

Summary of share price highs, lows and changes for Renasant
Historical stock prices
Current Share PriceUS$35.38
52 Week HighUS$39.47
52 Week LowUS$27.98
Beta1.04
1 Month Change-6.65%
3 Month Change6.69%
1 Year Change4.92%
3 Year Change-5.78%
5 Year Change-0.73%
Change since IPO630.49%

Recent News & Updates

Renasant's (NYSE:RNST) Dividend Will Be $0.22

Dec 02
Renasant's (NYSE:RNST) Dividend Will Be $0.22

Renasant (NYSE:RNST) Is Paying Out A Dividend Of $0.22

Nov 18
Renasant (NYSE:RNST) Is Paying Out A Dividend Of $0.22

Recent updates

Renasant's (NYSE:RNST) Dividend Will Be $0.22

Dec 02
Renasant's (NYSE:RNST) Dividend Will Be $0.22

Renasant (NYSE:RNST) Is Paying Out A Dividend Of $0.22

Nov 18
Renasant (NYSE:RNST) Is Paying Out A Dividend Of $0.22

Renasant (NYSE:RNST) Has Announced A Dividend Of $0.22

Aug 19
Renasant (NYSE:RNST) Has Announced A Dividend Of $0.22

Renasant (NYSE:RNST) Has Announced A Dividend Of $0.22

Apr 24
Renasant (NYSE:RNST) Has Announced A Dividend Of $0.22

Renasant (NYSE:RNST) Is Due To Pay A Dividend Of $0.22

Dec 13
Renasant (NYSE:RNST) Is Due To Pay A Dividend Of $0.22

Renasant (NYSE:RNST) Has Affirmed Its Dividend Of $0.22

Nov 22
Renasant (NYSE:RNST) Has Affirmed Its Dividend Of $0.22

Renasant (NASDAQ:RNST) Is Due To Pay A Dividend Of $0.22

Aug 30
Renasant (NASDAQ:RNST) Is Due To Pay A Dividend Of $0.22

Renasant (NASDAQ:RNST) Is Paying Out A Dividend Of $0.22

Aug 15
Renasant (NASDAQ:RNST) Is Paying Out A Dividend Of $0.22

Does Renasant (NASDAQ:RNST) Deserve A Spot On Your Watchlist?

Aug 09
Does Renasant (NASDAQ:RNST) Deserve A Spot On Your Watchlist?

Renasant (NASDAQ:RNST) Will Pay A Dividend Of $0.22

May 14
Renasant (NASDAQ:RNST) Will Pay A Dividend Of $0.22

Renasant (NASDAQ:RNST) Will Pay A Dividend Of $0.22

Apr 30
Renasant (NASDAQ:RNST) Will Pay A Dividend Of $0.22

Renasant (NASDAQ:RNST) Has Announced A Dividend Of $0.22

Feb 21
Renasant (NASDAQ:RNST) Has Announced A Dividend Of $0.22

Renasant (NASDAQ:RNST) Is Paying Out A Dividend Of $0.22

Dec 08
Renasant (NASDAQ:RNST) Is Paying Out A Dividend Of $0.22

Shareholder Returns

RNSTUS BanksUS Market
7D-3.0%-3.4%-2.4%
1Y4.9%29.1%23.4%

Return vs Industry: RNST underperformed the US Banks industry which returned 29.1% over the past year.

Return vs Market: RNST underperformed the US Market which returned 23.4% over the past year.

Price Volatility

Is RNST's price volatile compared to industry and market?
RNST volatility
RNST Average Weekly Movement5.3%
Banks Industry Average Movement5.2%
Market Average Movement6.3%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.1%

Stable Share Price: RNST has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: RNST's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19042,300Mitch Waycasterinvestors.renasant.com

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.

Renasant Corporation Fundamentals Summary

How do Renasant's earnings and revenue compare to its market cap?
RNST fundamental statistics
Market capUS$2.25b
Earnings (TTM)US$178.83m
Revenue (TTM)US$685.87m

12.6x

P/E Ratio

0.8x

P/B Ratio

Is RNST overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
RNST income statement (TTM)
RevenueUS$685.87m
Cost of RevenueUS$0
Gross ProfitUS$685.87m
Other ExpensesUS$507.04m
EarningsUS$178.83m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)2.81
Gross Margin100.00%
Net Profit Margin26.07%
Debt/Equity Ratio21.7%

How did RNST perform over the long term?

See historical performance and comparison

Dividends

2.5%

Current Dividend Yield

28%

Payout Ratio

Does RNST pay a reliable dividends?

See RNST dividend history and benchmarks
When do you need to buy RNST by to receive an upcoming dividend?
Renasant dividend dates
Ex Dividend DateDec 18 2024
Dividend Pay DateJan 01 2025
Days until Ex dividend5 days
Days until Dividend pay date9 days

Does RNST pay a reliable dividends?

See RNST dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 08:40
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Renasant Corporation is covered by 21 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Andrew StappB. Riley Securities, Inc.
Barry SineDrexel Hamilton
John RodisFIG Partners