Renasant Corp (NYSE: RNST) is -5.17% lower on its value in year-to-date trading and has touched a low of $27.98 and a high of $39.63 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 $34.09 in the last trading session, with the day’s loss setting it -0.19%.
Currently trading at $33.90, the stock is -1.66% and -6.49% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.89 million and changing -0.56% at the moment leaves the stock -1.93% off its SMA200. RNST registered 10.14% gain for a year compared to 6-month gain of 4.31%. The firm has a 50-day simple moving average (SMA 50) of $36.2524 and a 200-day simple moving average (SMA200) of $34.5681.
The stock witnessed a -3.42% loss in the last 1 month and extending the period to 3 months gives it a -5.15%, and is -4.48% down 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 3.40% over the week and 2.80% over the month.
Renasant Corp (RNST) has around 2200 employees, a market worth around $2.16B and $1.09B in sales. Current P/E ratio is 10.41 and Fwd P/E is 9.64. Profit margin for the company is 17.95%. Distance from 52-week low is 21.16% and -14.46% from its 52-week high. The company has generated returns on investments over the last 12 months (6.20%).
with sales reaching $170.14M over the same period.The EPS is expected to shrink by -37.51% this year, but quarterly earnings will post 33.59% year-over-year. Quarterly sales are estimated to grow 1.74% in year-over-year returns.
300.0 institutions hold shares in Renasant Corp (RNST), with institutional investors hold 96.34% of the company’s shares. The shares outstanding are 63.57M, and float is at 54.94M with Short Float at 10.53%. Institutions hold 94.36% 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 14.4933 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.
Renasant Corp (RNST) Insider Activity
The most recent transaction is an insider sale by Hutcheson Kelly, the company’s EVP/Chief Accounting Officer. SEC filings show that Hutcheson Kelly sold 1,310 shares of the company’s common stock on Feb 21 ’25 at a price of $36.72 per share for a total of $48103.0. Following the sale, the insider now owns 17586.0 shares.
Still, SEC filings show that on Nov 06 ’24, CREEKMORE JOHN (Director) disposed off 3,000 shares at an average price of $38.00 for $0.11 million. The insider now directly holds 24,057 shares of Renasant Corp (RNST).
