NasdaqGS:RNST

Stock Analysis Report

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Executive Summary

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. More Details


Snowflake Analysis

Flawless balance sheet established dividend payer.


Similar Companies

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.


Market Performance


7 Day Return

9.5%

RNST

2.7%

US Banks

-1.1%

US Market


1 Year Return

-15.8%

RNST

-28.3%

US Banks

15.6%

US Market

Return vs Industry: RNST exceeded the US Banks industry which returned -26.7% over the past year.

Return vs Market: RNST underperformed the US Market which returned 17.8% over the past year.


Shareholder returns

RNSTIndustryMarket
7 Day9.5%2.7%-1.1%
30 Day34.4%9.8%4.2%
90 Day22.0%2.6%6.3%
1 Year-12.9%-15.8%-25.7%-28.3%18.2%15.6%
3 Year-23.1%-28.8%-17.4%-24.3%39.6%30.4%
5 Year-5.4%-15.6%17.7%3.1%79.5%59.2%

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

Valuation

Is Renasant undervalued compared to its fair value and its price relative to the market?

17.15x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: RNST ($29.51) is trading above our estimate of fair value ($15.04)

Significantly Below Fair Value: RNST is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: RNST is poor value based on its PE Ratio (17.2x) compared to the US Banks industry average (10.3x).

PE vs Market: RNST is good value based on its PE Ratio (17.2x) compared to the US market (19.1x).


Price to Earnings Growth Ratio

PEG Ratio: RNST is poor value based on its PEG Ratio (2x)


Price to Book Ratio

PB vs Industry: RNST's PB Ratio (0.8x) is in line with the US Banks industry average.


Next Steps

Future Growth

How is Renasant forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

8.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: RNST's forecast earnings growth (8.7% per year) is above the savings rate (2.2%).

Earnings vs Market: RNST's earnings (8.7% per year) are forecast to grow slower than the US market (22.1% per year).

High Growth Earnings: RNST's earnings are forecast to grow, but not significantly.

Revenue vs Market: RNST's revenue is expected to decline over the next 3 years (-1.1% per year).

High Growth Revenue: RNST's revenue is forecast to decline over the next 3 years (-1.1% 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 (4.5%).


Next Steps

Past Performance

How has Renasant performed over the past 5 years?

17.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RNST has high quality earnings.

Growing Profit Margin: RNST's current net profit margins (17.8%) are lower than last year (28.6%).


Past Earnings Growth Analysis

Earnings Trend: RNST's earnings have grown by 17.3% per year over the past 5 years.

Accelerating Growth: RNST's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: RNST had negative earnings growth (-41.7%) over the past year, making it difficult to compare to the Banks industry average (-4%).


Return on Equity

High ROE: RNST's Return on Equity (4.7%) is considered low.


Next Steps

Financial Health

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


Balance Sheet


Financial Institutions Analysis

Asset Level: RNST's Assets to Equity ratio (7.2x) is low.

Allowance for Bad Loans: RNST has a sufficient allowance for bad loans (330%).

Low Risk Liabilities: 92% of RNST's liabilities are made up of primarily low risk sources of funding.

Loan Level: RNST has an appropriate level of Loans to Assets ratio (73%).

Low Risk Deposits: RNST's Loans to Deposits ratio (92%) is appropriate.

Level of Bad Loans: RNST has an appropriate level of bad loans (0.4%).


Next Steps

Dividend

What is Renasant current dividend yield, its reliability and sustainability?

2.98%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: RNST's dividend (2.98%) is higher than the bottom 25% of dividend payers in the US market (1.63%).

High Dividend: RNST's dividend (2.98%) is low compared to the top 25% of dividend payers in the US market (4.56%).


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 reasonable payout ratio (51.1%), RNST's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: RNST's dividends in 3 years are forecast to be covered by earnings (52.4% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.2yrs

Average management tenure


CEO

Mitch Waycaster (61 yo)

2.42yrs

Tenure

US$2,341,563

Compensation

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 ($USD2.34M) is below average for companies of similar size in the US market ($USD4.43M).

Compensation vs Earnings: Mitch's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Edward McGraw
Executive Chairman of the Board15.33yrsUS$2.33m0.44%
$ 7.3m
C. Waycaster
President2.42yrsUS$2.34m0.26%
$ 4.3m
Kevin Chapman
Executive VP & COO2.42yrsUS$1.57m0.18%
$ 3.0m
J. Cochran
Executive Vice President13.5yrsUS$1.26m0.16%
$ 2.6m
Bartow Morgan
Executive Vice President2.08yrsUS$1.28m1.22%
$ 20.2m
James Mabry
Executive VP & CFO0.17yrno data0.057%
$ 952.8k
Mark Jeanfreau
Executive VP0.75yrno data0.039%
$ 641.6k
John Oxford
Senior VP and Director of Marketing & Public Relationsno datano datano data
Stuart Johnson
Executive Vice President24.5yrsUS$387.97kno data
James Gray
Executive Vice President24.5yrsUS$425.17k0.11%
$ 1.8m
Stephen Corban
Executive Vice President & Senior Legal Advisor17.25yrsUS$222.73k0.12%
$ 2.0m
R. Hart
Executive VP & Director13.25yrsUS$1.12m0.12%
$ 2.0m

5.2yrs

Average Tenure

61.5yo

Average Age

Experienced Management: RNST's management team is seasoned and experienced (5.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Edward McGraw
Executive Chairman of the Board15.33yrsUS$2.33m0.44%
$ 7.3m
C. Waycaster
President2.42yrsUS$2.34m0.26%
$ 4.3m
R. Hart
Executive VP & Director13.25yrsUS$1.12m0.12%
$ 2.0m
John Foy
Independent Director16.75yrsUS$121.57k0.072%
$ 1.2m
John Creekmore
Independent Vice Chairman & Lead Director3.58yrsUS$136.52k0.035%
$ 588.4k
Marshall Dickerson
Independent Director24.75yrsUS$125.21k0.022%
$ 370.6k
Michael Shmerling
Independent Director13.25yrsUS$111.05k0.29%
$ 4.8m
Richard Heyer
Independent Director18.75yrsUS$110.45k0.061%
$ 1.0m
Albert Dale
Independent Director13.25yrsUS$130.38k0.052%
$ 867.6k
Neal Holland
Independent Director15.75yrsUS$128.11k0.41%
$ 6.7m
Jill Deer
Independent Director10.5yrsUS$102.89k0.022%
$ 368.1k
Donald Clark
Independent Director3.25yrsUS$95.62k0.047%
$ 779.1k

13.3yrs

Average Tenure

67yo

Average Age

Experienced Board: RNST's board of directors are seasoned and experienced ( 13.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Renasant Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Renasant Corporation
  • Ticker: RNST
  • Exchange: NasdaqGS
  • Founded: 1904
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$1.658b
  • Shares outstanding: 56.18m
  • Website: https://investors.renasant.com

Number of Employees


Location

  • Renasant Corporation
  • 209 Troy Street
  • Tupelo
  • Mississippi
  • 38804-4827
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
RNSTNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDApr 1992
RN6DB (Deutsche Boerse AG)YesCommon StockDEEURApr 1992

Biography

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 o ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/26 23:38
End of Day Share Price2020/10/26 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.