In a report released today, Stephen Scouten from Piper Sandler assigned a Hold rating to Renasant (RNST – Research Report), with a price target of $32.00. The company’s shares closed last Friday at $25.87.
Scouten covers the Financial sector, focusing on stocks such as Bank OZK, BankUnited, and Truist Financial. According to TipRanks, Scouten has an average return of 2.6% and a 47.00% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Renasant with a $32.33 average price target.
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RNST market cap is currently $1.45B and has a P/E ratio of 8.15.
Based on the recent corporate insider activity of 53 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.
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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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