NasdaqGS:RNST

Stock Analysis Report

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.

Snowflake

Fundamentals

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


Market Performance


7 Day Return

3.5%

RNST

1.4%

US Banks

1.0%

US Market


1 Year Return

-6.5%

RNST

0.2%

US Banks

6.7%

US Market

Return vs Industry: RNST underperformed the US Banks industry which returned 0.2% over the past year.

Return vs Market: RNST underperformed the US Market which returned 6.7% over the past year.


Shareholder returns

RNSTIndustryMarket
7 Day3.5%1.4%1.0%
30 Day-2.1%-2.6%-1.8%
90 Day3.2%0.8%-1.8%
1 Year-4.1%-6.5%3.1%0.2%9.1%6.7%
3 Year15.6%8.9%52.0%41.5%46.1%36.6%
5 Year40.8%27.1%69.7%51.2%66.9%48.6%

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?

17.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: RNST ($35.45) is trading below our estimate of fair value ($43)

Significantly Undervalued: RNST is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: RNST is good value based on its PE Ratio (12x) compared to the Banks industry average (12.5x).

PE vs Market: RNST is good value based on its PE Ratio (12x) compared to the US market (17.5x).


Price to Earnings Growth Ratio

Low PEG Ratio: RNST is poor value based on its PEG Ratio (12.9x)


Price to Book Ratio

PB vs Industry: RNST is good value based on its PB Ratio (1x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

How is Renasant forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

0.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: RNST's forecast earnings growth (0.9% per year) is below the savings rate (2.7%).

Earnings vs Market: RNST's earnings (0.9% per year) are forecast to grow slower than the US market (14.5% per year).

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

Revenue vs Market: RNST's revenue (3.2% per year) is forecast to grow slower than the US market (7.3% per year).

High Growth Revenue: RNST's revenue (3.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: RNST's Return on Equity is forecast to be low in 3 years time (7.8%).


Next Steps

Past Performance

How has Renasant performed over the past 5 years?

22.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: RNST's earnings have grown significantly by 22.3% per year over the past 5 years.

Accelerating Growth: RNST's earnings growth over the past year (48.2%) exceeds its 5-year average (22.3% per year).

Earnings vs Industry: RNST earnings growth over the past year (48.2%) exceeded the Banks industry 31.8%.


Return on Equity

High ROE: RNST's Return on Equity (7.9%) is considered low.


Return on Assets

ROA vs Industry: RNST has a higher Return on Assets than the Banks industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate RNST's Return on Capital Employed to determine if it has improved over the past 3 years.


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

Inventory Level: RNST has a low level of unsold assets or inventory.

Debt Coverage by Assets: RNST's debt is covered by short term assets (assets are 2.227570x debt).


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%)


Next Steps

Dividend

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

2.48%

Current Dividend Yield


Dividend Yield vs Market

company2.5%marketbottom25%1.5%markettop25%3.8%industryaverage3.1%forecastin3Years2.5%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: RNST's dividend (2.48%) is higher than the bottom 25% of dividend payers in the US market (1.46%).

High Dividend: RNST's dividend (2.48%) is low compared to the top 25% of dividend payers in the US market (3.77%).

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 (28.5%), 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 (32.3% payout ratio).


Next Steps

Management

What is the CEO of Renasant's salary, the management and board of directors tenure and is there insider trading?

10.3yrs

Average management tenure


CEO

Mitch Waycaster (60yo)

1.4yrs

Tenure

US$2,427,035

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 has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the US market.

Compensation vs Earnings: Mitch's compensation has increased by more than 20% in the past year.


Management Age and Tenure

10.3yrs

Average Tenure

61.5yo

Average Age

Experienced Management: RNST's management team is seasoned and experienced (10.3 years average tenure).


Board Age and Tenure

13.3yrs

Average Tenure

66yo

Average Age

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


Insider Trading

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


Recent Insider Transactions

SellUS$84,69406 Jun 19
James Gray
EntityIndividual
Shares2,431
Max PriceUS$34.84
BuyUS$39230 Apr 19
Richard Heyer
EntityIndividual
Role
Member of the Board of Directors
Director
Shares11
Max PriceUS$35.68
SellUS$95,97811 Mar 19
James Gray
EntityIndividual
Shares2,504
Max PriceUS$38.33
BuyUS$823,74310 Dec 18
Bartow Morgan
EntityIndividual
Role
Senior Key Executive
Executive Vice President
Shares25,000
Max PriceUS$32.99
BuyUS$39329 Nov 18
Richard Heyer
EntityIndividual
Role
Member of the Board of Directors
Director
Shares11
Max PriceUS$35.70
BuyUS$35,45007 Nov 18
Fred Sharpe
EntityIndividual
Shares1,000
Max PriceUS$35.45

Ownership Breakdown


Management Team

  • Robin McGraw (72yo)

    Executive Chairman of the Board

    • Tenure: 14.3yrs
    • Compensation: US$2.88m
  • R. Hart (70yo)

    Executive VP & Director

    • Tenure: 12.3yrs
    • Compensation: US$1.12m
  • Bartow Morgan (46yo)

    Executive Vice President

    • Tenure: 1.1yrs
    • Compensation: US$2.83m
  • Stuart Johnson (65yo)

    Executive Vice President

    • Tenure: 23.5yrs
    • Compensation: US$387.97k
  • John Gregory (69yo)

    Member of Executive Management Team

    • Tenure: 12.7yrs
  • J. Cochran (55yo)

    Executive Vice President

    • Tenure: 12.5yrs
    • Compensation: US$1.26m
  • Stephen Corban (63yo)

    Executive VP

    • Tenure: 16.3yrs
    • Compensation: US$222.73k
  • Mitch Waycaster (60yo)

    President

    • Tenure: 1.4yrs
    • Compensation: US$2.43m
  • John Oxford (42yo)

    Senior VP and Director of Marketing & Public Relations

    • Tenure: 0yrs
  • Kevin Chapman (43yo)

    Executive VP

    • Tenure: 8yrs
    • Compensation: US$1.59m

Board Members

  • Tom Foy (71yo)

    Director

    • Tenure: 15.8yrs
    • Compensation: US$118.02k
  • Robin McGraw (72yo)

    Executive Chairman of the Board

    • Tenure: 14.3yrs
    • Compensation: US$2.88m
  • John Creekmore (63yo)

    Vice Chairman & Lead Director

    • Tenure: 2.6yrs
    • Compensation: US$123.40k
  • Marshall Dickerson (69yo)

    Director

    • Tenure: 23.8yrs
    • Compensation: US$124.27k
  • Michael Shmerling (64yo)

    Director

    • Tenure: 12.3yrs
    • Compensation: US$113.08k
  • R. Hart (70yo)

    Executive VP & Director

    • Tenure: 12.3yrs
    • Compensation: US$1.12m
  • Richard Heyer (62yo)

    Director

    • Tenure: 17.8yrs
    • Compensation: US$95.37k
  • Albert Dale (68yo)

    Director

    • Tenure: 12.3yrs
    • Compensation: US$121.41k
  • Neal Holland (62yo)

    Director

    • Tenure: 14.8yrs
    • Compensation: US$120.40k
  • Mitch Waycaster (60yo)

    President

    • Tenure: 1.4yrs
    • Compensation: US$2.43m

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$2.066b
  • Shares outstanding: 58.28m
  • Website: https://investors.renasant.com

Number of Employees


Location

  • Renasant Corporation
  • 209 Troy Street
  • Tupelo
  • Mississippi
  • 38804
  • 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 Analysis2019/10/14 23:47
End of Day Share Price2019/10/14 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.