Renasant Corporation operates as a bank holding company for Renasant Bank, which provides a range of financial, wealth management, fiduciary, and insurance services to retail and commercial customers.
Flawless balance sheet, undervalued and pays a dividend.
Share Price & News
How has Renasant's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: RNST's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: RNST underperformed the US Banks industry which returned -34.8% over the past year.
Return vs Market: RNST underperformed the US Market which returned -15.9% over the past year.
Price Volatility Vs. Market
How volatile is Renasant's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall StHow Does Renasant's (NASDAQ:RNST) P/E Compare To Its Industry, After The Share Price Drop?
3 weeks ago | Simply Wall StIs It Smart To Buy Renasant Corporation (NASDAQ:RNST) Before It Goes Ex-Dividend?
1 month ago | Simply Wall StHere's What Renasant Corporation's (NASDAQ:RNST) P/E Ratio Is Telling Us
Is Renasant undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: RNST ($21.99) is trading below our estimate of fair value ($39.14)
Significantly Below Fair Value: RNST is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: RNST is good value based on its PE Ratio (7.6x) compared to the Banks industry average (8.5x).
PE vs Market: RNST is good value based on its PE Ratio (7.6x) compared to the US market (12.2x).
Price to Earnings Growth Ratio
PEG Ratio: RNST's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: RNST is good value based on its PB Ratio (0.6x) compared to the US Banks industry average (0.8x).
How is Renasant forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: RNST's earnings are forecast to decline over the next 3 years (-9.8% per year).
Earnings vs Market: RNST's earnings are forecast to decline over the next 3 years (-9.8% per year).
High Growth Earnings: RNST's earnings are forecast to decline over the next 3 years.
Revenue vs Market: RNST's revenue (1.5% per year) is forecast to grow slower than the US market (7% per year).
High Growth Revenue: RNST's revenue (1.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: RNST's Return on Equity is forecast to be low in 3 years time (6.3%).
How has Renasant performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RNST has high quality earnings.
Growing Profit Margin: RNST's current net profit margins (28.4%) are higher than last year (27.5%).
Past Earnings Growth Analysis
Earnings Trend: RNST's earnings have grown significantly by 22.5% per year over the past 5 years.
Accelerating Growth: RNST's earnings growth over the past year (14.1%) is below its 5-year average (22.5% per year).
Earnings vs Industry: RNST earnings growth over the past year (14.1%) exceeded the Banks industry 10.9%.
Return on Equity
High ROE: RNST's Return on Equity (7.9%) is considered low.
How is Renasant's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: RNST's level of assets compared to its equity is low.
Allowance for Bad Loans: RNST has a sufficient allowance for bad loans.
Low Risk Liabilities: RNST's liabilities are made up of primarily low risk sources of funding.
Loan Level: RNST has an acceptable proportion of non-loan assets held.
Low Risk Deposits: RNST's loans are broadly funded by customer deposits.
Level of Bad Loans: RNST has an appropriate level of bad loans (0.37%)
What is Renasant's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: RNST's dividend (4%) is higher than the bottom 25% of dividend payers in the US market (2.07%).
High Dividend: RNST's dividend (4%) is low compared to the top 25% of dividend payers in the US market (5.82%).
Stability and Growth of Payments
Stable Dividend: RNST's dividends per share have been stable in the past 10 years.
Growing Dividend: RNST's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (30.1%), RNST's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: RNST's dividends in 3 years are forecast to be well covered by earnings (37.2% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mitch Waycaster (60yo)
Mr. C. Mitchell Waycaster, also known as Mitch, serves as President of Renasant Corp. and Renasant Bank and its Chief Executive Officer since May 1, 2018. He served as an Senior Executive Vice President at ...
CEO Compensation Analysis
Compensation vs Market: Mitch's total compensation ($USD2.34M) is below average for companies of similar size in the US market ($USD4.79M).
Compensation vs Earnings: Mitch's compensation has been consistent with company performance over the past year.
|Executive Chairman of the Board||14.83yrs||US$2.33m||0.44% $5.6m|
|Executive VP||8.5yrs||US$1.57m||0.18% $2.3m|
|Executive Vice President||13yrs||US$1.26m||0.16% $2.0m|
|Executive Vice President||1.58yrs||US$1.28m||1.22% $15.7m|
|Executive Vice President & Senior Legal Advisor||16.75yrs||US$222.73k||0.12% $1.5m|
|Executive VP||0.25yr||no data||0.039% $509.4k|
|Senior VP and Director of Marketing & Public Relations||no data||no data||no data|
|Executive Vice President||24yrs||US$387.97k||no data|
|Executive Vice President||24yrs||US$425.17k||0.11% $1.4m|
Experienced Management: RNST's management team is seasoned and experienced (10.8 years average tenure).
|Executive Chairman of the Board||14.83yrs||US$2.33m||0.44% $5.6m|
|Executive VP & Director||12.75yrs||US$1.12m||0.13% $1.7m|
|Independent Director||16.25yrs||US$121.57k||0.068% $873.8k|
|Vice Chairman & Lead Director||3.08yrs||US$136.52k||0.033% $427.4k|
|Independent Director||24.25yrs||US$125.21k||0.020% $257.9k|
|Independent Director||12.75yrs||US$111.05k||0.29% $3.7m|
|Independent Director||18.25yrs||US$110.45k||0.055% $705.9k|
|Independent Director||12.75yrs||US$130.38k||0.050% $644.6k|
|Independent Director||15.25yrs||US$128.11k||0.40% $5.2m|
Experienced Board: RNST's board of directors are seasoned and experienced ( 13.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: RNST insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 10.6%.
Renasant Corporation's company bio, employee growth, exchange listings and data sources
- Name: Renasant Corporation
- Ticker: RNST
- Exchange: NasdaqGS
- Founded: 1904
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$1.290b
- Shares outstanding: 56.18m
- Website: https://investors.renasant.com
Number of Employees
- Renasant Corporation
- 209 Troy Street
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|RNST||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Apr 1992|
|RN6||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Apr 1992|
Renasant Corporation operates as a bank holding company for Renasant Bank, which provides a range of financial, wealth management, fiduciary, and insurance services to retail and commercial customers. It operates through three segments: Community Banks, Insurance, and Wealth Management. The Community Banks segment offers checking and savings accounts, business and personal loans, and equipment leasing services, as well as safe deposit and night depository facilities. It also provides commercial, financial, and agricultural loans; equipment financing and leasing; real estate–1-4 family mortgage; real estate–commercial mortgage; real estate–construction loans for the construction of single family residential properties, multi-family properties, and commercial projects; installment loans to individuals; and business and personal, and interim construction loans, as well as automated teller machine (ATM), online and mobile banking, call center, and cash management services. The Insurance segment provides insurance agency services, including commercial and personal insurance products through third-party insurance carriers. The Wealth Management segment offers range of wealth management and fiduciary services, including administration and management of trust accounts, such as personal and corporate benefit accounts, self-directed individual retirement accounts, and custodial accounts; annuities, mutual funds, and other investment services through a third party broker-dealer; and administers qualified retirement plans, profit sharing and other employee benefit plans, personal trusts, and estates. As of December 31, 2018, the company had 199 banking, insurance, and financial service offices located in Mississippi, Tennessee, Alabama, Florida, and Georgia; 152 full-service branches and 12 limited-service branches; and 151 ATMs at on-premise locations and 24 ATMs located at off-premise sites. Renasant Corporation was founded in 1904 and is headquartered in Tupelo, Mississippi.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/07 04:38|
|End of Day Share Price||2020/04/06 00:00|
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.