In a report released today, Catherine Mealor from KBW maintained a Hold rating on Renasant (RNST – Research Report), with a price target of $34.00. The company’s shares opened today at $28.14.
According to TipRanks, Mealor is a 5-star analyst with an average return of 11.9% and a 62.94% success rate. Mealor covers the Financial sector, focusing on stocks such as Cadence Bank, Hancock Whitney, and Sandy Spring Bancorp.
In addition to KBW, Renasant also received a Hold from Truist Financial’s Brandon King in a report issued on April 28. However, today, D.A. Davidson maintained a Buy rating on Renasant (NASDAQ: RNST).
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The company has a one-year high of $41.23 and a one-year low of $26.55. Currently, Renasant has an average volume of 225.2K.
Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of RNST in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Renasant Corp. is a bank holding company, which engages in the provision of financial, fiduciary, and insurance services through its the Renasant Bank. It operates through the following segments: Community Banks, Insurance and Wealth Management. The Community Banks segment delivers banking and financial services to individuals and small to medium sized businesses including checking and savings accounts, business and personal loans, interim construction loans, specialty commercial lending, as well as safe deposit and night depository facilities. The Insurance segment includes full service insurance agency offering lines of commercial and personal insurance. The Wealth Management segment provides fiduciary services and administer qualified retirement plans, profit sharing and other employee benefit plans, personal trusts and estates. The company was founded in 1982 and is headquartered in Tupelo, MS.
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