In a report released today, Stephen Scouten from Piper Sandler maintained a Hold rating on Renasant (RNST – Research Report), with a price target of $30.00. The company’s shares closed yesterday at $23.89.
According to TipRanks, Scouten is a 3-star analyst with an average return of 1.8% and a 45.66% success rate. Scouten covers the Financial sector, focusing on stocks such as Veritex, Hancock Whitney, and Home Bancshares.
Currently, the analyst consensus on Renasant is a Hold with an average price target of $31.40.
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RNST market cap is currently $1.34B and has a P/E ratio of 8.24.
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Renasant (RNST) Company Description:
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.
Read More on RNST:
- Renasant Corporation Announces Earnings for the Third Quarter of 2023
- RNST Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Renasant Announces 2023 Third Quarter Webcast and Conference Call Information
- Renasant price target lowered to $27 from $34 at Truist
- Renasant announces transfer of listing of common stock to NYSE
