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Renasant

Nasdaq:RNST
Snowflake Description

Flawless balance sheet established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RNST
Nasdaq
$2B
Market Cap
  1. Home
  2. US
  3. Banks
Company description

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. The last earnings update was 9 days ago. More info.


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RNST Share Price and Events
7 Day Returns
-1.3%
NasdaqGS:RNST
-5.2%
US Banks
-3.1%
US Market
1 Year Returns
-28.8%
NasdaqGS:RNST
-16.1%
US Banks
-1.7%
US Market
RNST Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Renasant (RNST) -1.3% -2.9% -6.3% -28.8% -2.8% 14.2%
US Banks -5.2% -7.8% -5.8% -16.1% 29.4% 33.3%
US Market -3.1% -5.3% -1.2% -1.7% 28.2% 35%
1 Year Return vs Industry and Market
  • RNST underperformed the Banks industry which returned -16.1% over the past year.
  • RNST underperformed the Market in United States of America which returned -1.7% over the past year.
Price Volatility
RNST
Industry
5yr Volatility vs Market

Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Renasant to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Renasant.

NasdaqGS:RNST Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 7 analysts.
= Stable Book Value * Return on Equity
= $38.75 * 8.2%
$3.19
Book Value of Equity per Share Weighted future Book Value estimates from 7 analysts. $38.75
Discount Rate (Cost of Equity) See below 7.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:RNST
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.56
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.559 (1 + (1- 21%) (25.56%))
0.78
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 5.96%)
7.5%

Discounted Cash Flow Calculation for NasdaqGS:RNST using Excess Returns Model Model

The calculations below outline how an intrinsic value for Renasant is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqGS:RNST Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (8.2% – 7.5%) * $38.75)
$0.28
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.28 / (7.5% - 2.73%)
$5.98
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $38.75 + $5.98
$44.72
NasdaqGS:RNST Discount to Share Price
Calculation Result
Value per share (USD) From above. $44.72
Current discount Discount to share price of $33.10
= -1 x ($33.10 - $44.72) / $44.72
26%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Renasant is available for.
Intrinsic value
26%
Share price is $33.1 vs Future cash flow value of $44.72
Current Discount Checks
For Renasant to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • 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 RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Renasant's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Renasant's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:RNST PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $2.95
NasdaqGS:RNST Share Price ** NasdaqGS (2019-08-16) in USD $33.1
United States of America Banks Industry PE Ratio Median Figure of 598 Publicly-Listed Banks Companies 12.2x
United States of America Market PE Ratio Median Figure of 3,093 Publicly-Listed Companies 17.02x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Renasant.

NasdaqGS:RNST PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:RNST Share Price ÷ EPS (both in USD)

= 33.1 ÷ 2.95

11.23x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • 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
Does Renasant's expected growth come at a high price?
Raw Data
NasdaqGS:RNST PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.23x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
2.9%per year
United States of America Banks Industry PEG Ratio Median Figure of 272 Publicly-Listed Banks Companies 1.11x
United States of America Market PEG Ratio Median Figure of 2,115 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

NasdaqGS:RNST PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.23x ÷ 2.9%

3.91x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Renasant is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Renasant's assets?
Raw Data
NasdaqGS:RNST PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $36.36
NasdaqGS:RNST Share Price * NasdaqGS (2019-08-16) in USD $33.1
United States of America Banks Industry PB Ratio Median Figure of 599 Publicly-Listed Banks Companies 1.14x
United States of America Market PB Ratio Median Figure of 5,261 Publicly-Listed Companies 1.67x
NasdaqGS:RNST PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:RNST Share Price ÷ Book Value per Share (both in USD)

= 33.1 ÷ 36.36

0.91x

* Primary Listing of Renasant.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Renasant is good value based on assets compared to the US Banks industry average.
X
Value checks
We assess Renasant's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Renasant has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
2.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Renasant expected to grow at an attractive rate?
  • Renasant's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Renasant's earnings growth is positive but not above the United States of America market average.
  • Renasant's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:RNST Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:RNST Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 2.9%
NasdaqGS:RNST Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 3.9%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 1.6%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 3.2%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:RNST Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:RNST Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 670 191 1
2020-12-31 626 179 6
2019-12-31 612 177 6
NasdaqGS:RNST Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 587 195 168
2019-03-31 560 279 158
2018-12-31 534 77 147
2018-09-30 506 151 119
2018-06-30 492 121 113
2018-03-31 478 85 102
2017-12-31 461 202 92
2017-09-30 445 91 99
2017-06-30 435 178 96
2017-03-31 434 260 94
2016-12-31 431 164 91
2016-09-30 426 248 88

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Renasant's earnings are expected to grow by 2.9% yearly, however this is not considered high growth (20% yearly).
  • Renasant's revenue is expected to grow by 3.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:RNST Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Renasant Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:RNST Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 3.26 3.26 3.26 1.00
2020-12-31 3.10 3.18 2.95 7.00
2019-12-31 3.03 3.08 3.00 7.00
NasdaqGS:RNST Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 2.95
2019-03-31 2.89
2018-12-31 2.80
2018-09-30 2.37
2018-06-30 2.30
2018-03-31 2.12
2017-12-31 1.97
2017-09-30 2.20
2017-06-30 2.22
2017-03-31 2.19
2016-12-31 2.18
2016-09-30 2.15

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Renasant is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Renasant's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Renasant has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Renasant performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Renasant's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 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%).
Earnings and Revenue History
Renasant's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Renasant Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:RNST Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 587.47 168.12 324.59
2019-03-31 559.77 158.20 313.71
2018-12-31 533.68 146.92 301.57
2018-09-30 506.40 119.01 288.35
2018-06-30 492.44 113.47 278.85
2018-03-31 478.39 102.04 269.62
2017-12-31 461.49 92.19 261.75
2017-09-30 444.59 99.31 252.48
2017-06-30 434.70 96.07 248.69
2017-03-31 433.90 93.69 249.43
2016-12-31 430.92 90.93 247.94
2016-09-30 426.31 88.46 248.60
2016-06-30 414.85 81.50 244.67
2016-03-31 376.86 73.99 223.31
2015-12-31 344.88 68.01 204.16
2015-09-30 311.51 62.45 182.75
2015-06-30 282.39 61.77 164.06
2015-03-31 279.26 61.23 163.35
2014-12-31 276.82 59.58 163.29
2014-09-30 275.15 55.25 166.02
2014-06-30 259.72 46.35 161.83
2014-03-31 238.29 39.51 150.59
2013-12-31 218.67 33.49 140.55
2013-09-30 199.72 29.51 129.26
2013-06-30 190.90 29.91 123.14
2013-03-31 187.16 28.23 120.75
2012-12-31 183.92 26.64 117.61
2012-09-30 175.52 25.15 111.99

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Renasant has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Renasant used its assets more efficiently than the US Banks industry average last year based on Return on Assets.
  • 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.
X
Past performance checks
We assess Renasant's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Renasant has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Renasant's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Renasant's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Renasant Company Filings, last reported 1 month ago.

NasdaqGS:RNST Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 2,119.70 415.50 455.14
2019-03-31 2,088.88 359.22 569.45
2018-12-31 2,043.91 659.71 462.29
2018-09-30 2,010.71 444.83 379.94
2018-06-30 1,558.67 527.24 301.89
2018-03-31 1,532.77 271.14 260.29
2017-12-31 1,514.98 303.40 158.00
2017-09-30 1,511.83 600.36 340.77
2017-06-30 1,271.79 317.96 242.85
2017-03-31 1,251.07 208.53 377.73
2016-12-31 1,232.88 318.05 206.29
2016-09-30 1,142.25 482.26 230.05
2016-06-30 1,124.26 605.77 221.78
2016-03-31 1,053.18 576.06 228.93
2015-12-31 1,036.82 577.82 163.83
2015-09-30 1,032.70 564.20 216.42
2015-06-30 730.98 224.90 161.70
2015-03-31 723.20 171.25 181.80
2014-12-31 711.65 195.12 113.02
2014-09-30 700.48 231.46 144.34
2014-06-30 688.22 194.58 184.39
2014-03-31 676.72 171.98 303.96
2013-12-31 665.65 175.19 213.78
2013-09-30 657.26 181.95 237.01
2013-06-30 500.68 198.45 85.52
2013-03-31 502.38 169.05 194.58
2012-12-31 498.21 170.22 105.82
2012-09-30 496.82 230.39 124.64
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Renasant has an acceptable proportion of non-loan assets held.
  • Renasant's liabilities are made up of primarily low risk sources of funding.
  • Loans at Renasant are broadly funded by customer deposits.
  • Renasant's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Renasant has a sufficient allowance for bad loans.
  • Renasant has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Renasant's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Renasant has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.66%
Current annual income from Renasant dividends. Estimated to be 2.71% next year.
If you bought $2,000 of Renasant shares you are expected to receive $53 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Renasant's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.5%).
  • Renasant's dividend is below the markets top 25% of dividend payers in United States of America (3.9%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:RNST Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 480 Stocks 3.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2009 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:RNST Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 1.02 1.00
2020-12-31 0.91 7.00
2019-12-31 0.87 7.00
NasdaqGS:RNST Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-08-07 0.880 2.671
2019-07-22 0.880 2.545
2019-05-08 0.880 2.502
2019-04-23 0.880 2.444
2019-03-11 0.840 2.402
2018-10-24 0.840 2.432
2018-08-09 0.800 1.882
2018-08-08 0.800 1.756
2018-07-17 0.800 1.769
2018-05-09 0.800 1.695
2018-04-24 0.800 1.738
2018-03-09 0.760 1.725
2017-11-16 0.760 1.796
2017-08-31 0.720 1.748
2017-05-05 0.720 1.718
2017-02-21 0.720 1.761
2016-11-15 0.720 1.757
2016-08-10 0.720 2.113
2016-08-08 0.720 2.196
2016-07-19 0.720 2.210
2016-05-10 0.720 2.166
2016-04-26 0.720 2.129
2016-03-07 0.680 2.080
2015-11-23 0.680 2.064
2015-08-07 0.680 2.040
2015-05-21 0.680 2.143
2015-02-24 0.680 2.296
2014-11-07 0.680 2.404
2014-08-18 0.680 2.398
2014-05-28 0.680 2.364
2014-02-24 0.680 2.411
2013-12-04 0.680 2.305
2013-08-22 0.680 2.439
2013-06-03 0.680 2.654
2013-02-11 0.680 3.016
2012-12-03 0.680 3.576
2012-08-16 0.680 3.662
2012-05-10 0.680 4.237
2012-02-09 0.680 4.324
2011-11-10 0.680 4.562
2011-08-10 0.680 5.017
2011-05-05 0.680 4.582
2011-02-23 0.680 4.239
2010-11-18 0.680 4.061
2010-08-30 0.680 4.363
2010-05-27 0.680 4.748
2010-03-02 0.680 4.170
2009-11-17 0.680 4.755
2009-08-28 0.680 4.751
2009-05-18 0.680 4.728
2009-02-12 0.680 5.464
2008-11-24 0.680 4.529

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • 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
What portion of Renasant's earnings are paid to the shareholders as a dividend.
  • 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).
X
Income/ dividend checks
We assess Renasant's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Renasant afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Renasant has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mitch Waycaster
COMPENSATION $2,427,035
AGE 60
TENURE AS CEO 1.3 years
CEO Bio

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 Renasant Corp. and served as its Executive Vice President. He has been Director of Renasant Corp. since April 24, 2018. He has been Director at Renasant Bank. He served as the Chief Administrative Officer and Senior Executive Vice President of Renasant Bank since April 2007 until January 2016. He served as the President of the Mississippi Division of Renasant Bank from January 2005 to April 2007 and served as an Executive Vice President and Director of Retail Banking of Renasant Bank from 2000 to December 2004. He serves his community as a Member of the CREATE Foundation Board of Directors, as a Board Member of the North Mississippi Medical Center, as Chairman of the Board for the North Mississippi Health Services Foundation, as a Board Member and Vice President of the Japan America Society of Mississippi and as a Board Member and President of the Yocona Area Council of the Boy Scouts of America. He is a Member of the Mississippi Bankers Association Board of Directors. He is a graduate of the University of Delaware Stonier Graduate School of Banking and the National Compliance School at the University of Oklahoma and the University of Colorado. He is also a graduate of the Mid-South School of Banking at the University of Memphis and the Tennessee Commercial Lending School at Vanderbilt University. He received his Bachelor's degree in Business Administration from the University of Mississippi.

CEO Compensation
  • Mitch's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Mitch's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Renasant management team in years:

10.1
Average Tenure
61.5
Average Age
  • The average tenure for the Renasant management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Robin McGraw

TITLE
Executive Chairman of the Board
COMPENSATION
$3M
AGE
72

Mitch Waycaster

TITLE
President
COMPENSATION
$2M
AGE
60
TENURE
1.3 yrs

Kevin Chapman

TITLE
Executive VP
COMPENSATION
$2M
AGE
43
TENURE
7.8 yrs

R. Hart

TITLE
Executive VP & Director
COMPENSATION
$1M
AGE
70
TENURE
6.8 yrs

J. Cochran

TITLE
Executive Vice President
COMPENSATION
$1M
AGE
55
TENURE
12.3 yrs

Bartow Morgan

TITLE
Executive Vice President
COMPENSATION
$3M
AGE
46
TENURE
0.9 yrs

John Gregory

TITLE
Member of Executive Management Team
AGE
69
TENURE
12.5 yrs

Stephen Corban

TITLE
Executive VP
COMPENSATION
$223K
AGE
63
TENURE
16.1 yrs

John Oxford

TITLE
Senior VP and Director of Marketing & Public Relations
AGE
42

Stuart Johnson

TITLE
Executive Vice President
COMPENSATION
$388K
AGE
65
TENURE
23.3 yrs
Board of Directors Tenure

Average tenure and age of the Renasant board of directors in years:

13.1
Average Tenure
66
Average Age
  • The average tenure for the Renasant board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Robin McGraw

TITLE
Executive Chairman of the Board
COMPENSATION
$3M
AGE
72
TENURE
14.2 yrs

Mitch Waycaster

TITLE
President
COMPENSATION
$2M
AGE
60
TENURE
1.3 yrs

John Creekmore

TITLE
Vice Chairman & Lead Director
COMPENSATION
$123K
AGE
63
TENURE
2.4 yrs

R. Hart

TITLE
Executive VP & Director
COMPENSATION
$1M
AGE
70
TENURE
12.1 yrs

Tom Foy

TITLE
Director
COMPENSATION
$118K
AGE
71
TENURE
15.6 yrs

Neal Holland

TITLE
Director
COMPENSATION
$120K
AGE
62
TENURE
14.6 yrs

Michael Shmerling

TITLE
Director
COMPENSATION
$113K
AGE
64
TENURE
12.1 yrs

Albert Dale

TITLE
Director
COMPENSATION
$121K
AGE
68
TENURE
12.1 yrs

Marshall Dickerson

TITLE
Director
COMPENSATION
$124K
AGE
69
TENURE
23.6 yrs

Richard Heyer

TITLE
Director
COMPENSATION
$95K
AGE
62
TENURE
17.6 yrs
Who owns this company?
Recent Insider Trading
  • Renasant individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
06. Jun 19 Sell James Gray Individual 05. Jun 19 05. Jun 19 -2,431 $34.84 $-84,694
30. Apr 19 Buy Richard Heyer Individual 26. Apr 19 26. Apr 19 11 $35.68 $392
11. Mar 19 Sell James Gray Individual 20. Feb 19 20. Feb 19 -2,504 $38.33 $-95,978
10. Dec 18 Buy Bartow Morgan Individual 06. Dec 18 10. Dec 18 25,000 $32.99 $823,743
29. Nov 18 Buy Richard Heyer Individual 27. Nov 18 27. Nov 18 11 $35.70 $393
07. Nov 18 Buy Fred Sharpe Individual 05. Nov 18 05. Nov 18 1,000 $35.45 $35,450
21. Aug 18 Buy Richard Heyer Individual 17. Aug 18 17. Aug 18 3 $45.67 $137
X
Management checks
We assess Renasant's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Renasant has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Here's Why I Think Renasant (NASDAQ:RNST) Is An Interesting Stock

In contrast to all that, I prefer to spend time on companies like Renasant (NASDAQ:RNST), which has not only revenues, but also profits. … Renasant maintained stable EBIT margins over the last year, all while growing revenue 19% to US$587m. … So if you like the sound of Renasant, you'll probably love this free list of growing companies that insiders are buying.

Simply Wall St -

Does Market Volatility Impact Renasant Corporation's (NASDAQ:RNST) Share Price?

Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … Beta is worth considering, but it's also important to consider whether Renasant is growing earnings and revenue. … What this means for you: Since Renasant has a reasonably high beta, it's worth considering why it is so heavily influenced by broader market sentiment.

Simply Wall St -

Do Institutions Own Shares In Renasant Corporation (NASDAQ:RNST)?

Taking a look at our data on the ownership groups (below), it's seems that institutional investors have bought into the company. … See our latest analysis for Renasant NasdaqGS:RNST Ownership Summary, July 3rd 2019 What Does The Institutional Ownership Tell Us About Renasant? … We can see that Renasant does have institutional investors; and they hold 63% of the stock.

Simply Wall St -

Introducing Renasant (NASDAQ:RNST), The Stock That Dropped 26% In The Last Year

Investors in Renasant Corporation (NASDAQ:RNST) have tasted that bitter downside in the last year, as the share price dropped 26%. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … Dividends have been really beneficial for Renasant shareholders, and that cash payout explains why its total shareholder loss of 24%, over the last year, isn't as bad as the share price return.

Simply Wall St -

Read This Before You Buy Renasant Corporation (NASDAQ:RNST) Because Of Its P/E Ratio

Renasant has a price to earnings ratio of 11.7, based on the last twelve months. … The formula for P/E is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for Renasant: P/E of 11.7 = $33.79 ÷ $2.89 (Based on the year to March 2019.) Is A High Price-to-Earnings Ratio Good? … A higher P/E ratio implies that investors pay a higher price for the earning power of the business.

Simply Wall St -

When Should You Buy Renasant Corporation (NASDAQ:RNST)?

However, given that Renasant’s share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us another chance to buy in the future. … Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. … If you are no longer interested in Renasant, you can use our free platform to see my list of over 50 other stocks with a high growth potential.

Simply Wall St -

Did Renasant Corporation (NASDAQ:RNST) Insiders Sell Shares?

So shareholders might well want to know whether insiders have been buying or selling shares in Renasant Corporation (NASDAQ:RNST). … That means that an insider was happy to buy shares at around the current price of US$37.35 … Happily, the Renasant insiders decided to buy shares at close to current prices.

Simply Wall St -

Are You An Income Investor? Don't Miss Out On Renasant Corporation (NASDAQ:RNST)

Dividend paying stocks like Renasant Corporation (NASDAQ:RNST) tend to be popular with investors, and for good reason - some research shows that a significant amount of all stock market returns come from reinvested dividends.. … Yet sometimes, investors buy a stock for its dividend and lose money because the share price falls by more than they earned in dividend payments.. … Before you buy any stock for its dividend however, you should always remember Warren Buffett's two rules: 1) Don't lose money, and 2) Remember rule #1

Simply Wall St -

Real Risks To Know Before Investing In Renasant Corporation (NASDAQ:RNST)

Risk associated with repayment is measured by bad debt which is written off as an expense, impacting Renasant’s bottom line. … Today we will analyse Renasant’s level of bad debt and liabilities in order to understand the risk involved with investing in the bank. … NasdaqGS:RNST Historical Debt, April 10th 2019

Simply Wall St -

Do Institutions Own Shares In Renasant Corporation (NASDAQ:RNST)?

If you want to know who really controls Renasant Corporation (NASDAQ:RNST), then you'll have to look at the makeup of its share registry. … Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. … It has a market capitalization of US$2.0b, which means it would generally expect to see some institutions on the share registry.

Simply Wall St -

Company Info

Description

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.

Details
Name: Renasant Corporation
RNST
Exchange: NasdaqGS
Founded: 1904
$1,928,903,062
58,275,017
Website: http://investors.renasant.com
Address: Renasant Corporation
209 Troy Street,
Tupelo,
Mississippi, 38804,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS RNST Common Stock Nasdaq Global Select US USD 21. Apr 1992
DB RN6 Common Stock Deutsche Boerse AG DE EUR 21. Apr 1992
Number of employees
Current staff
Staff numbers
2,359
Renasant employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/08/16 23:58
End of day share price update: 2019/08/16 00:00
Last estimates confirmation: 2019/07/25
Last earnings filing: 2019/08/07
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.