Renasant (RNST) Receives Coverage Optimism Score of 0.23
News coverage about Renasant (NASDAQ:RNST) has trended somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Renasant earned a news sentiment score of 0.23 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 44.9374458773321 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- Is a Surprise Coming for Renasant (RNST) This Earnings Season? (finance.yahoo.com)
- Renasant (RNST) Lifted to “Hold” at BidaskClub (americanbankingnews.com)
- Renasant Announces 2017 Fourth Quarter and Year End Earnings Webcast and Conference Call Information (finance.yahoo.com)
- Brokerages Expect Renasant Corp. (RNST) Will Post Quarterly Sales of $124.50 Million (americanbankingnews.com)
- Renasant (RNST) to Release Earnings on Wednesday (americanbankingnews.com)
RNST has been the topic of several analyst reports. BidaskClub lowered shares of Renasant from a “hold” rating to a “sell” rating in a research report on Friday, December 29th. Zacks Investment Research lowered shares of Renasant from a “buy” rating to a “hold” rating in a research report on Saturday, October 21st. Sandler O’Neill reaffirmed a “hold” rating and set a $45.00 price target on shares of Renasant in a research report on Thursday, January 4th. ValuEngine lowered shares of Renasant from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $45.00 price target on shares of Renasant in a research report on Friday, December 22nd. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $45.25.
Renasant (NASDAQ:RNST) last posted its earnings results on Tuesday, October 17th. The financial services provider reported $0.53 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.08). Renasant had a net margin of 20.44% and a return on equity of 8.15%. The company had revenue of $123.43 million during the quarter, compared to analyst estimates of $127.07 million. During the same quarter last year, the business posted $0.59 EPS. sell-side analysts forecast that Renasant will post 2.31 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, December 15th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend was Thursday, December 14th. This is an increase from Renasant’s previous quarterly dividend of $0.18. Renasant’s dividend payout ratio (DPR) is 34.70%.
In related news, Director Michael D. Shmerling bought 1,000 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The stock was purchased at an average price of $39.40 per share, for a total transaction of $39,400.00. Following the acquisition, the director now owns 157,347 shares of the company’s stock, valued at $6,199,471.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP William Mark Williams sold 7,000 shares of Renasant stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $41.32, for a total transaction of $289,240.00. Following the completion of the sale, the executive vice president now owns 21,652 shares of the company’s stock, valued at approximately $894,660.64. The disclosure for this sale can be found here. Insiders sold a total of 32,729 shares of company stock valued at $1,356,863 in the last quarter. 3.86% of the stock is owned by insiders.
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Renasant Company Profile
Renasant Corporation is a bank holding company that owns and operates Renasant Bank (the Bank) and Renasant Insurance, Inc (Renasant Insurance). The Company’s segments include Community Banks, which delivers a range of banking and financial services to individuals and small to medium-sized businesses, including checking and savings accounts, business and personal loans, equipment leasing, as well as safe deposit and night depository facilities; Insurance, which includes a full service insurance agency offering all lines of commercial and personal insurance through major carriers; Wealth Management, which offers a range of fiduciary services that includes the administration and management of trust accounts, including personal and corporate benefit accounts, and custodial accounts, and Other.
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