Renasant Corp. (NYSE: RNST) is 1.60% higher on its value in year-to-date trading and has touched a low of $22.99 and a high of $37.40 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The RNST stock was last observed hovering at around $32.47 in the last trading session, with the day’s gains setting it 1.75%.
Currently trading at $34.22, the stock is 5.39% and 3.95% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.78 million and changing 5.39% at the moment leaves the stock 8.64% off its SMA200. RNST registered 41.46% gain for a year compared to 6-month gain of 11.61%. The firm has a 50-day simple moving average (SMA 50) of $32.9196 and a 200-day simple moving average (SMA200) of $31.49745.
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The stock witnessed a 5.07% loss in the last 1 month and extending the period to 3 months gives it a -6.01%, and is 0.29% 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 3.15% over the week and 2.49% over the month.
Renasant Corp. (RNST) has around 2300 employees, a market worth around $1.93B and $1.03B in sales. Current P/E ratio is 11.19 and Fwd P/E is 18.98. Profit margin for the company is 17.39%. Distance from 52-week low is 48.85% and -8.50% from its 52-week high. The company has generated returns on investments over the last 12 months (5.79%).
The EPS is expected to grow by 21.21% this year
290.0 institutions hold shares in Renasant Corp. (RNST), with institutional investors hold 75.44% of the company’s shares. The shares outstanding are 56.14M, and float is at 54.91M with Short Float at 6.76%. Institutions hold 73.92% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 8.17 million shares valued at $249.39 million. The investor’s holdings represent 14.528 of the RNST Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 6.35 million shares valued at $194.02 million to account for 11.3027 of the shares outstanding. The other top investors are VICTORY CAPITAL MANAGEMENT INC which holds 3.89 million shares representing 6.9199 and valued at over $118.79 million, while DIMENSIONAL FUND ADVISORS LP holds 6.9164 of the shares totaling 3.89 million with a market value of $118.73 million.
