Renasant (NYSE:RNST) - Stock Price, News & Analysis

RNST Stock Overview

Operates as a bank holding company for Renasant Bank that provides a range of financial, wealth management, fiduciary, and insurance services to retail and commercial customers. More details

RNST fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	5/6
Past Performance	5/6
Financial Health	6/6
Dividends	5/6

Rewards

Trading at 43.4% below our estimate of its fair value

Earnings are forecast to grow 24.96% per year

Earnings grew by 9.8% over the past year

Pays a reliable dividend of 2.42%

Risk Analysis

Shareholders have been diluted in the past year

Community Narratives

Create a narrative

Narratives bring a range of perspectives from our community.

WarrenAI

Based on Analyst Price Targets

Profit Margins Under Pressure Despite Expanding Revenue And Strategic Merger Ambitions

Key Takeaways The merger with The First could enhance market position and growth through synergies, while core deposit growth strategies may improve net interest margins. Focus on asset quality and nonbank opportunities suggests a strategy to protect margins, diversify income, and emphasize strategic loan growth.

View narrative

US$39.50

7.9% undervalued

23.52%

Revenue growth p.a.

Updated

Renasant Corporation Competitors

NBT Bancorp

NasdaqGS:NBTB

US$2.3b

Trustmark

NasdaqGS:TRMK

US$2.3b

Triumph Financial

NasdaqGS:TFIN

US$2.3b

Banner

NasdaqGS:BANR

US$2.5b

Price History & Performance

Summary of all time highs, changes and price drops for Renasant
Historical stock prices
Current Share Price	US$36.36
52 Week High	US$38.77
52 Week Low	US$26.28
Beta	1.02
11 Month Change	12.26%
3 Month Change	10.79%
1 Year Change	31.55%
33 Year Change	-7.13%
5 Year Change	2.39%
Change since IPO	650.73%

Renasant (NYSE:RNST) Is Paying Out A Dividend Of $0.22

Nov 18

Recent updates

Shareholder Returns

	RNST	US Banks	US Market
7D	-1.8%	-0.9%	-1.0%
1Y	31.5%	53.3%	30.3%

Return vs Industry: RNST underperformed the US Banks industry which returned 54.2% over the past year.

Return vs Market: RNST exceeded the US Market which returned 30.4% over the past year.

Price Volatility

Is RNST's price volatile compared to industry and market?
RNST volatility
RNST Average Weekly Movement	5.3%
Banks Industry Average Movement	5.1%
Market Average Movement	6.2%
10% most volatile stocks in US Market	15.7%
10% least volatile stocks in US Market	3.1%

Stable Share Price: RNST has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: RNST's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1904	2,300	Mitch Waycaster	investors.renasant.com

Renasant Corporation operates as a bank holding company for Renasant Bank that provides a range of financial, wealth management, fiduciary, and insurance services to retail and commercial customers. The company operates through Community Banks, Insurance, and Wealth Management segments. The Community Banks segment offers checking and savings accounts, business and personal loans, asset-based lending, and factoring equipment leasing services, as well as safe deposit and night depository facilities.

Renasant Corporation Fundamentals Summary

How do Renasant's earnings and revenue compare to its market cap?
RNST fundamental statistics
Market cap	US$2.32b
Earnings (TTM)	US$178.83m
Revenue (TTM)	US$685.87m

12.9x

P/E Ratio

0.9x

P/B Ratio

Is RNST overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
RNST income statement (TTM)
Revenue	US$685.87m
Cost of Revenue	US$0
Gross Profit	US$685.87m
Other Expenses	US$507.04m
Earnings	US$178.83m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	2.81
Gross Margin	100.00%
Net Profit Margin	26.07%
Debt/Equity Ratio	21.7%

How did RNST perform over the long term?

See historical performance and comparison

Dividends

2.4%

Current Dividend Yield

28%

Payout Ratio

Does RNST pay a reliable dividends?

See RNST dividend history and benchmarks

When do you need to buy RNST by to receive an upcoming dividend?
Renasant dividend dates
Ex Dividend Date	Dec 18 2024
Dividend Pay Date	Jan 01 2025
Days until Ex dividend	27 days
Days until Dividend pay date	41 days

Does RNST pay a reliable dividends?

See RNST dividend history and benchmarks

RNST Stock Overview

Rewards

Risk Analysis

Profit Margins Under Pressure Despite Expanding Revenue And Strategic Merger Ambitions

Renasant Corporation Competitors

NasdaqGS:NBTB

US$2.3b

NasdaqGS:TRMK

US$2.3b

NasdaqGS:TFIN

US$2.3b

NasdaqGS:BANR

US$2.5b

Price History & Performance

Recent News & Updates

Renasant (NYSE:RNST) Is Paying Out A Dividend Of $0.22

Third quarter dividend of US$0.22 announced

Renasant Corporation Declares Quarterly Cash Dividend, Payable on January 1, 2025

Renasant Corporation Reports Net Loan Charge-Offs for the Third Quarter Ended September 30, 2024

Third quarter 2024 earnings: EPS and revenues exceed analyst expectations

Renasant Corporation (NYSE:RNST) announces an Equity Buyback for $100 million worth of its shares.

Recent updates

Renasant (NYSE:RNST) Is Paying Out A Dividend Of $0.22

Third quarter dividend of US$0.22 announced

Renasant Corporation Declares Quarterly Cash Dividend, Payable on January 1, 2025

Renasant Corporation Reports Net Loan Charge-Offs for the Third Quarter Ended September 30, 2024

Third quarter 2024 earnings: EPS and revenues exceed analyst expectations

Renasant Corporation (NYSE:RNST) announces an Equity Buyback for $100 million worth of its shares.

Renasant Corporation to Report Q3, 2024 Results on Oct 22, 2024

Upcoming dividend of US$0.22 per share

Renasant (NYSE:RNST) Has Announced A Dividend Of $0.22

Second quarter dividend of US$0.22 announced

Renasant Corporation Approves Quarterly Cash Dividend, Payable on September 30, 2024

Renasant Corporation (NYSE:RNST) entered into a definitive agreement and plan of merger to acquire The First Bancshares, Inc. (NYSE:FBMS) for approximately $1.2 billion.

Price target increased by 7.5% to US$36.00

Consensus EPS estimates increase by 11%

Renasant Corporation (NYSE:RNST) entered into a definitive agreement and plan of merger to acquire The First Bancshares, Inc. (NYSE:FBMS) for approximately $1.2 billion.

New major risk - Revenue and earnings growth

Second quarter 2024 earnings: EPS exceeds analyst expectations

Investor sentiment improves as stock rises 16%

Renasant Corporation to Report Q2, 2024 Results on Jul 23, 2024

Upcoming dividend of US$0.22 per share

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

Renasant (NYSE:RNST) Has Announced A Dividend Of $0.22

Renasant Corporation Reports Net Loan Charge-Offs for the First Quarter Ended March 31, 2024

Dividend of US$0.22 announced

Renasant Corporation Declares Quarterly Dividend, Payable on June 28, 2024

Renasant Corporation to Report Q1, 2024 Results on Apr 23, 2024

Renasant Corporation, Annual General Meeting, Apr 23, 2024

Upcoming dividend of US$0.22 per share

Full year 2023 earnings: EPS and revenues miss analyst expectations

Fourth quarter dividend of US$0.22 announced

Renasant Corporation Approves Quarterly Dividend, Payable on March 29, 2024

Full year 2023 earnings: EPS and revenues miss analyst expectations

Renasant Corporation Announces Net Loan Charge-Offs for the Fourth Quarter Ended December 31, 2023

Renasant Corporation to Report Q4, 2023 Results on Jan 23, 2024

Price target increased by 8.5% to US$31.14

Renasant (NYSE:RNST) Is Due To Pay A Dividend Of $0.22

Upcoming dividend of US$0.22 per share at 2.9% yield

Renasant (NYSE:RNST) Has Affirmed Its Dividend Of $0.22

Renasant Corporation Approves Quarterly Dividend, Payable on January 1, 2024

Renasant Files Form 25 with SEC

Price target decreased by 7.9% to US$29.00

Third quarter 2023 earnings: EPS exceeds analyst expectations

Renasant Corporation to Report Q3, 2023 Results on Oct 24, 2023

Upcoming dividend of US$0.22 per share at 3.3% yield

Renasant (NASDAQ:RNST) Is Due To Pay A Dividend Of $0.22

Now 21% undervalued

Renasant (NASDAQ:RNST) Is Paying Out A Dividend Of $0.22

Renasant Corporation Approves Payment of Quarterly Cash Dividend, Payable on September 29, 2023

Does Renasant (NASDAQ:RNST) Deserve A Spot On Your Watchlist?

Price target increased by 7.5% to US$34.17

Consensus EPS estimates fall by 10%

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

Renasant Corporation to Report Q2, 2023 Results on Jul 25, 2023

Upcoming dividend of US$0.22 per share at 2.9% yield

Renasant (NASDAQ:RNST) Will Pay A Dividend Of $0.22

Price target decreased by 7.3% to US$33.64

Renasant Corporation Announces Management Changes

Independent Director recently bought US$78k worth of stock