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Will Renasant Corporation (RNST) benefit from Wall Street bulls Calls?

Renasant Corporation (NASDAQ: RNST) is -13.02% lower on its value in year-to-date trading and has touched a low of $27.61 and a high of $40.79 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The RNST stock was last observed hovering at around $31.55 in the last trading session, with the day’s gains setting it 1.46% off its average median price target of $33.00 for the next 12 months. It is also 10.78% off the consensus price target high of $37.00 offered by 8 analysts, but current levels are -6.48% lower than the price target low of $31.00 for the same period.

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Currently trading at $33.01, the stock is 11.25% and 10.88% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.56 million and changing 4.63% at the moment leaves the stock -4.51% off its SMA200. RNST registered -9.76% loss for a year compared to 6-month loss of -14.88%.

The stock witnessed a 10.77% gain in the last 1 month and extending the period to 3 months gives it a 6.35%, and is 8.19% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.75% over the week and 2.90% over the month.

Renasant Corporation (RNST) has around 2409 employees, a market worth around $1.85B and $457.10M in sales. Current P/E ratio is 12.27 and Fwd P/E is 11.29. Profit margin for the company is 33.10%. Distance from 52-week low is 19.56% and -19.07% from its 52-week high. The company has generated returns on investments over the last 12 months (14.10%).

Renasant Corporation (RNST) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Renasant Corporation (RNST) is a “Hold”. 8 analysts offering their recommendations for the stock have an average rating of 2.90, where 6 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Renasant Corporation is expected to release its quarterly report on 10/24/2022.The EPS is expected to grow by 110.40% this year.

Renasant Corporation (RNST) Top Institutional Holders

The shares outstanding are 55.81M, and float is at 54.44M with Short Float at 2.72%.

Renasant Corporation (RNST) Insider Activity

A total of 30 insider transactions have happened at Renasant Corporation (RNST) in the last six months, with sales accounting for 19 and purchases happening 11 times.

Renasant Corporation (RNST): Who are the competitors?

The company’s main competitors (and peers) include Cadence Bank (CADE) that is trading 5.96% up over the past 12 months. Cullen/Frost Bankers Inc. (CFR) is 23.28% up on the 1-year trading charts.

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