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

2.6%

NasdaqGS:RNST

0.3%

US Banks

0.9%

US Market


1 Year Return

-27.9%

NasdaqGS:RNST

-13.6%

US Banks

0.3%

US Market

RNST underperformed the Banks industry which returned -14.2% over the past year.

RNST underperformed the Market in United States of America which returned -0.5% over the past year.


Share holder returns

RNSTIndustryMarket
7 Day2.6%0.3%0.9%
30 Day-3.0%-5.1%-1.9%
90 Day-5.2%-3.5%1.6%
1 Year-26.2%-27.9%-11.2%-13.6%2.6%0.3%
3 Year4.2%-1.7%43.6%33.7%41.0%31.8%
5 Year28.5%16.0%53.7%37.0%55.2%38.0%

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 based on future cash flows and its price relative to the stock market?

25%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Renasant's share price is below the future cash flow value, and at a moderate discount (> 20%).

Renasant's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Renasant is good value based on earnings compared to the US Banks industry average.

Renasant is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Renasant is poor value based on expected growth next year.


Price Based on Value of Assets

Renasant is good value based on assets compared to the US Banks industry average.


Next Steps

Future Growth

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

2.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Renasant's revenue is expected to grow by 3.9% yearly, however this is not considered high growth (20% yearly).

Renasant's earnings are expected to grow by 2.9% yearly, however this is not considered high growth (20% yearly).

Renasant's revenue growth is positive but not above the United States of America market average.

Renasant's earnings growth is positive but not above the United States of America market average.

Renasant's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Renasant is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


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

Renasant has delivered over 20% year on year earnings growth in the past 5 years.

Renasant's 1-year earnings growth exceeds its 5-year average (48.2% vs 22.3%)

Renasant's earnings growth has exceeded the US Banks industry average in the past year (48.2% vs 33.2%).


Return on Equity

Renasant has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Renasant used its assets more efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Renasant improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


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

Information is not available.

Information is not available.


Financial Institutions Analysis

Renasant has an acceptable proportion of non-loan assets held.

Renasant has a sufficient allowance for bad loans.

Renasant's liabilities are made up of primarily low risk sources of funding.

Renasant's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at Renasant are broadly funded by customer deposits.

Renasant has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

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

2.67%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Renasant's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

Renasant's dividend is below the markets top 25% of dividend payers in United States of America (3.84%).

Dividends per share have been stable in the past 10 years.

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (3.5x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (3.3x coverage).


Next Steps

Management

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

10.1yrs

Average management tenure


CEO

Mitch Waycaster (60yo)

1.3yrs

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

Mitch's remuneration is lower than average for companies of similar size in United States of America.

Mitch's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

10.1yrs

Average Tenure

61.5yo

Average Age

The average tenure for the Renasant management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

13.1yrs

Average Tenure

66yo

Average Age

The average tenure for the Renasant board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

Renasant individual insiders have only sold shares 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: 14.2yrs
    • Compensation: US$2.88m
  • R. Hart (70yo)

    Executive VP & Director

    • Tenure: 12.1yrs
    • Compensation: US$1.12m
  • Bartow Morgan (46yo)

    Executive Vice President

    • Tenure: 0.9yrs
    • Compensation: US$2.83m
  • Stuart Johnson (65yo)

    Executive Vice President

    • Tenure: 23.3yrs
    • Compensation: US$387.97k
  • John Gregory (69yo)

    Member of Executive Management Team

    • Tenure: 12.5yrs
  • J. Cochran (55yo)

    Executive Vice President

    • Tenure: 12.3yrs
    • Compensation: US$1.26m
  • Stephen Corban (63yo)

    Executive VP

    • Tenure: 16.1yrs
    • Compensation: US$222.73k
  • Mitch Waycaster (60yo)

    President

    • Tenure: 1.3yrs
    • Compensation: US$2.43m
  • John Oxford (42yo)

    Senior VP and Director of Marketing & Public Relations

    • Tenure: 0.0yrs
  • Kevin Chapman (43yo)

    Executive VP

    • Tenure: 7.8yrs
    • Compensation: US$1.59m

Board Members

  • Tom Foy (71yo)

    Director

    • Tenure: 15.6yrs
    • Compensation: US$118.02k
  • Robin McGraw (72yo)

    Executive Chairman of the Board

    • Tenure: 14.2yrs
    • Compensation: US$2.88m
  • John Creekmore (63yo)

    Vice Chairman & Lead Director

    • Tenure: 2.4yrs
    • Compensation: US$123.40k
  • Marshall Dickerson (69yo)

    Director

    • Tenure: 23.6yrs
    • Compensation: US$124.27k
  • Michael Shmerling (64yo)

    Director

    • Tenure: 12.1yrs
    • Compensation: US$113.08k
  • R. Hart (70yo)

    Executive VP & Director

    • Tenure: 12.1yrs
    • Compensation: US$1.12m
  • Richard Heyer (62yo)

    Director

    • Tenure: 17.6yrs
    • Compensation: US$95.37k
  • Albert Dale (68yo)

    Director

    • Tenure: 12.1yrs
    • Compensation: US$121.41k
  • Neal Holland (62yo)

    Director

    • Tenure: 14.6yrs
    • Compensation: US$120.40k
  • Mitch Waycaster (60yo)

    President

    • Tenure: 1.3yrs
    • 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$1.957b
  • 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 Analysis2019/08/19 23:57
End of Day Share Price2019/08/19 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.