Renasant (NYSE:RNST) - Stock Price, News & Analysis

RNST Stock Overview

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.

About the company

RNST fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	1/6
Past Performance	2/6
Financial Health	6/6
Dividends	4/6

Rewards

Trading at 38.5% below our estimate of its fair value

Earnings are forecast to grow 7.06% per year

Pays a reliable dividend of 2.94%

Risk Analysis

No risks detected for RNST from our risk checks.

Renasant Corporation Competitors

WesBanco

NasdaqGS:WSBC

US$1.6b

Mechanics Bank

OTCPK:MCHB

US$1.7b

Columbia Financial

NasdaqGS:CLBK

US$1.8b

Independent Bank Group

NasdaqGS:IBTX

US$1.6b

Price History & Performance

Summary of all time highs, changes and price drops for Renasant
Historical stock prices
Current Share Price	US$29.91
52 Week High	US$34.85
52 Week Low	US$22.99
Beta	1.04
1 Month Change	1.08%
3 Month Change	-10.10%
1 Year Change	6.29%
3 Year Change	-29.66%
5 Year Change	-16.96%
Change since IPO	517.55%

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

Apr 24

Recent updates

Renasant Non-GAAP EPS of $0.72 beats by $0.08, revenue of $150.73M beats by $5.76M

Jul 26

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

Apr 29

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

Mar 01

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

Feb 15

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

Dec 06

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

Nov 18

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

Sep 13

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

Aug 30

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

Aug 16

Renasant EPS beats by $0.37, beats on revenue

Apr 27

Here's Why Shareholders Should Examine Renasant Corporation's (NASDAQ:RNST) CEO Compensation Package More Closely

Apr 21

Shareholder Returns

	RNST	US Banks	US Market
7D	4.0%	5.3%	1.0%
1Y	6.3%	31.6%	21.9%

Return vs Industry: RNST underperformed the US Banks industry which returned 34.4% over the past year.

Return vs Market: RNST underperformed the US Market which returned 24.9% over the past year.

Price Volatility

Is RNST's price volatile compared to industry and market?
RNST volatility
RNST Average Weekly Movement	4.6%
Banks Industry Average Movement	4.5%
Market Average Movement	6.0%
10% most volatile stocks in US Market	16.8%
10% least volatile stocks in US Market	3.0%

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

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

About the Company

Founded	Employees	CEO	Website
1904	2,300	Mitch Waycaster	investors.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 cap	US$1.68b
Earnings (TTM)	US$138.01m
Revenue (TTM)	US$612.38m

12.2x

P/E Ratio

0.7x

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)
Revenue	US$612.38m
Cost of Revenue	US$0
Gross Profit	US$612.38m
Other Expenses	US$474.37m
Earnings	US$138.01m

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	2.45
Gross Margin	100.00%
Net Profit Margin	22.54%
Debt/Equity Ratio	23.1%

How did RNST perform over the long term?

See historical performance and comparison

Dividends

2.9%

Current Dividend Yield

36%

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 Date	Jun 14 2024
Dividend Pay Date	Jun 28 2024
Days until Ex dividend	48 days
Days until Dividend pay date	62 days

Does RNST pay a reliable dividends?

See RNST dividend history and benchmarks

RNST Stock Overview

Rewards

Risk Analysis

Renasant Corporation Competitors

NasdaqGS:WSBC

US$1.6b

OTCPK:MCHB

US$1.7b

NasdaqGS:CLBK

US$1.8b

NasdaqGS:IBTX

US$1.6b

Price History & Performance

Recent News & Updates

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

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

Renasant Corporation Reports Net Loan Charge-Offs for the First Quarter Ended March 31, 2024

Dividend of US$0.22 announced

Renasant Corporation Declares Quarterly Dividend, Payable on June 28, 2024

Renasant Corporation to Report Q1, 2024 Results on Apr 23, 2024

Recent updates

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

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

Renasant Corporation Reports Net Loan Charge-Offs for the First Quarter Ended March 31, 2024

Dividend of US$0.22 announced

Renasant Corporation Declares Quarterly Dividend, Payable on June 28, 2024

Renasant Corporation to Report Q1, 2024 Results on Apr 23, 2024

Renasant Corporation, Annual General Meeting, Apr 23, 2024

Upcoming dividend of US$0.22 per share

Full year 2023 earnings: EPS and revenues miss analyst expectations

Fourth quarter dividend of US$0.22 announced

Renasant Corporation Approves Quarterly Dividend, Payable on March 29, 2024

Full year 2023 earnings: EPS and revenues miss analyst expectations

Renasant Corporation Announces Net Loan Charge-Offs for the Fourth Quarter Ended December 31, 2023

Renasant Corporation to Report Q4, 2023 Results on Jan 23, 2024

Price target increased by 8.5% to US$31.14

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

Upcoming dividend of US$0.22 per share at 2.9% yield

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

Renasant Corporation Approves Quarterly Dividend, Payable on January 1, 2024

Renasant Files Form 25 with SEC

Price target decreased by 7.9% to US$29.00

Third quarter 2023 earnings: EPS exceeds analyst expectations

Renasant Corporation to Report Q3, 2023 Results on Oct 24, 2023

Upcoming dividend of US$0.22 per share at 3.3% yield

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

Now 21% undervalued

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

Renasant Corporation Approves Payment of Quarterly Cash Dividend, Payable on September 29, 2023

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

Price target increased by 7.5% to US$34.17

Consensus EPS estimates fall by 10%

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

Renasant Corporation to Report Q2, 2023 Results on Jul 25, 2023

Upcoming dividend of US$0.22 per share at 2.9% yield

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

Price target decreased by 7.3% to US$33.64

Renasant Corporation Announces Management Changes

Independent Director recently bought US$78k worth of stock

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

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Price target decreased by 7.4% to US$36.29

Upcoming dividend of US$0.22 per share at 2.6% yield

Full year 2022 earnings: EPS misses analyst expectations

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

Renasant Corporation Declares Quarterly Dividend, Payable on March 31, 2023

Full year 2022 earnings: EPS misses analyst expectations

Renasant Corporation Reports Net Loan Charge-Offs for the Fourth Quarter Ended Dec. 31, 2022

Renasant Corporation to Report Q4, 2022 Results on Jan 24, 2023

Now 21% undervalued

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

Upcoming dividend of US$0.22 per share

Renasant Corporation Declares Quarterly Dividend, Payable on January 1, 2023

Price target increased to US$39.88

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Renasant Corporation Reports Net Loan Charge-Offs for the Third Quarter Ended September 30, 2022

Renasant Corporation to Report Q3, 2022 Results on Oct 25, 2022

Upcoming dividend of US$0.22 per share

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

Renasant Corporation Approves Quarterly Cash Dividend, Payable on September 30, 2022