Financial Services - Banks - Regional - NASDAQ - US
$ 36.91
0.435 %
$ 2.35 B
Market Cap
11.98
P/E
Renasant Corporation operates as a bank holding company for Renasant Bank that provides a range of financial, wealth management, fiduciary, and insurance services to retail and commercial customers. It operates through three segments: Community Banks, Insurance, and Wealth Management. The Community Banks segment offers checking and savings accounts, business and personal loans, asset-based lending, and equipment leasing services, as well as safe deposit and night depository facilities. It also provides commercial, financial, and agricultural loans; equipment financing and leasing; real estate1-4 family mortgage; real estatecommercial mortgage; real estateconstruction loans for the construction of single family residential properties, multi-family properties, and commercial projects; installment loans to individuals; and interim construction loans, as well as automated teller machine (ATM), online and mobile banking, call center, and treasury management services.[ Read More ]
The intrinsic value of one RNST stock under the base case scenario is HIDDEN Compared to the current market price of 36.9 USD, Renasant Corporation is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart RNST
FINANCIALS
632 M
REVENUE
196 M
OPERATING INCOME
145 M
NET INCOME
149 M
OPERATING CASH FLOW
-55.4 M
INVESTING CASH FLOW
132 M
FINANCING CASH FLOW
167 M
REVENUE
52.7 M
OPERATING INCOME
72.5 M
NET INCOME
21.4 M
OPERATING CASH FLOW
69.1 M
INVESTING CASH FLOW
333 M
FINANCING CASH FLOW
Balance Sheet Decomposition
Renasant Corporation
| Current Assets | 1.13 B |
| Cash & Short-Term Investments | 1.13 B |
| Receivables | 0 |
| Other Current Assets | 0 |
| Non-Current Assets | 3.44 B |
| Long-Term Investments | 2.14 B |
| PP&E | 283 M |
| Other Non-Current Assets | 1.01 B |
| Current Liabilities | 308 M |
| Accounts Payable | 0 |
| Short-Term Debt | 300 M |
| Other Current Liabilities | 7.58 M |
| Non-Current Liabilities | 14.8 B |
| Long-Term Debt | 429 M |
| Other Non-Current Liabilities | 14.3 B |
EFFICIENCY
Earnings Waterfall
Renasant Corporation
| Revenue | 632 M |
| Cost Of Revenue | -166 M |
| Gross Profit | 797 M |
| Operating Expenses | 13.7 M |
| Operating Income | 196 M |
| Other Expenses | 51.2 M |
| Net Income | 145 M |
RATIOS
126.20%
GROSS MARGIN
31.01%
OPERATING MARGIN
22.90%
NET MARGIN
6.30%
ROE
0.83%
ROA
5.29%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Renasant Corporation
| Net Income | 145 M |
| Depreciation & Amortization | 35.2 M |
| Capital Expenditures | -21.6 M |
| Stock-Based Compensation | 13.7 M |
| Change in Working Capital | -28 M |
| Others | -40.1 M |
| Free Cash Flow | 127 M |
Wall Street Analysts Price Targets
Renasant Corporation
Wall Street analysts predict an average 1-year price target for RNST of $38 , with forecasts ranging from a low of $32 to a high of $41 .
RNST Lowest Price Target
Wall Street Target
32 USD
-13.30%
RNST Average Price Target
Wall Street Target
38 USD
2.95%
RNST Highest Price Target
Wall Street Target
41 USD
11.08%
4. DIVIDEND ANALYSIS
0.71%
DIVIDEND YIELD
0.22 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Renasant Corporation
Sold
0-3 MONTHS
114 K USD 1
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
1 week ago
Nov 06, 2024
|
Sell 114 K USD
|
CREEKMORE JOHN
Director |
- 3000
|
38 USD |
|
1 year ago
May 10, 2023
|
Bought 107 K USD
|
Perry Curtis J
EVP |
+ 4358
|
24.5 USD |
|
1 year ago
May 10, 2023
|
Bought 26.9 K USD
|
Perry Curtis J
EVP |
+ 1100
|
24.42 USD |
|
1 year ago
May 10, 2023
|
Bought 104 K USD
|
Perry Curtis J
EVP |
+ 4252
|
24.41 USD |
|
1 year ago
May 10, 2023
|
Bought 2.44 K USD
|
Perry Curtis J
EVP |
+ 100
|
24.4 USD |
|
1 year ago
May 10, 2023
|
Bought 1.46 K USD
|
Perry Curtis J
EVP |
+ 60
|
24.38 USD |
|
1 year ago
May 10, 2023
|
Bought 3.17 K USD
|
Perry Curtis J
EVP |
+ 130
|
24.37 USD |
|
1 year ago
May 03, 2023
|
Bought 77.8 K USD
|
FOY JOHN
Director |
+ 3000
|
25.95 USD |
|
1 year ago
Apr 07, 2023
|
Bought 15 K USD
|
HOLLAND NEAL A JR
Director |
+ 500
|
30 USD |
|
3 years ago
Jan 06, 2021
|
Sell 175 K USD
|
GRAY JAMES W
Executive Vice President |
- 5000
|
35 USD |
|
3 years ago
Apr 30, 2021
|
Sell 172 K USD
|
GRAY JAMES W
Executive Vice President |
- 4064
|
42.21 USD |
|
3 years ago
Jan 13, 2021
|
Sell 74.4 USD
|
GRAY JAMES W
Executive Vice President |
- 2
|
37.2 USD |
|
3 years ago
Mar 04, 2021
|
Sell 210 K USD
|
GRAY JAMES W
Executive Vice President |
- 5000
|
42 USD |
|
3 years ago
Mar 05, 2021
|
Sell 314 K USD
|
FOY JOHN
Director |
- 7500
|
41.91 USD |
|
3 years ago
Feb 22, 2021
|
Sell 202 K USD
|
GRAY JAMES W
Executive Vice President |
- 5000
|
40.37 USD |
|
3 years ago
Feb 16, 2021
|
Sell 259 K USD
|
FOY JOHN
Director |
- 6619
|
39.15 USD |
|
3 years ago
Feb 10, 2021
|
Sell 193 K USD
|
CREEKMORE JOHN
Director |
- 5000
|
38.58 USD |
|
3 years ago
Feb 09, 2021
|
Sell 590 K USD
|
MCGRAW EDWARD ROBINSON
COB & Exec Chair |
- 15000
|
39.33 USD |
|
3 years ago
Feb 09, 2021
|
Sell 373 K USD
|
GRAY JAMES W
Executive Vice President |
- 9511
|
39.2 USD |
|
3 years ago
Nov 20, 2020
|
Sell 26.3 K USD
|
GRAY JAMES W
Executive Vice President |
- 832.45
|
31.55 USD |
|
4 years ago
Nov 09, 2020
|
Sell 150 K USD
|
GRAY JAMES W
Executive Vice President |
- 5000
|
30 USD |
|
4 years ago
Nov 09, 2020
|
Sell 453 K USD
|
MCGRAW EDWARD ROBINSON
COB & Exec Chair |
- 15000
|
30.19 USD |
|
4 years ago
Nov 02, 2020
|
Bought 811 K USD
|
Mabry James C. IV
EVP and CFO |
+ 28000
|
28.98 USD |
|
4 years ago
Jun 03, 2020
|
Sell 98.2 K USD
|
HART R RICK
Director |
- 4058
|
24.206 USD |
|
4 years ago
May 14, 2020
|
Bought 19.5 K USD
|
FOY JOHN
Director |
+ 1000
|
19.5 USD |
|
4 years ago
May 05, 2020
|
Bought 49.2 K USD
|
HEYER RICHARD
Director |
+ 2000
|
24.58 USD |
|
4 years ago
Feb 24, 2020
|
Bought 30.7 K USD
|
FOY JOHN
Director |
+ 1000
|
30.72 USD |
|
5 years ago
Oct 31, 2019
|
Sell 86.4 K USD
|
GRAY JAMES W
SEVP |
- 2500
|
34.57 USD |
|
5 years ago
Jun 05, 2019
|
Sell 207 USD
|
GRAY JAMES W
SEVP |
- 6
|
34.5 USD |
|
5 years ago
Jun 05, 2019
|
Sell 84.5 K USD
|
GRAY JAMES W
SEVP |
- 2425
|
34.84 USD |
|
5 years ago
Apr 26, 2019
|
Bought 392 USD
|
HEYER RICHARD
Director |
+ 11
|
35.68 USD |
|
5 years ago
Feb 20, 2019
|
Sell 96 K USD
|
GRAY JAMES W
SEVP |
- 2504
|
38.33 USD |
7. News
Renasant Corporation Declares Quarterly Dividend
TUPELO, Miss., Nov. 14, 2024 (GLOBE NEWSWIRE) -- The board of directors of Renasant Corporation (NYSE: RNST) approved the payment of a quarterly cash dividend of twenty-two cents ($0.22) per share to be paid January 1, 2025, to shareholders of record as of December 18, 2024.
globenewswire.com
- 2 days ago
Is the Options Market Predicting a Spike in Renasant (RNST) Stock?
Investors need to pay close attention to Renasant (RNST) stock based on the movements in the options market lately.
zacks.com
- 3 days ago
Renasant Honors Service Members with $20,000 Donation to Veteran Organizations
TUPELO, Miss., Nov. 11, 2024 (GLOBE NEWSWIRE) -- In recognition of Veterans Day, Renasant proudly donated $20,000 to multiple veteran support organizations across the Southeast, continuing its commitment to honoring and supporting military service members. The donation is part of the company's ongoing efforts to give back to those who have served in the United States Armed Forces and to enhance their lives through community outreach and partnerships.
globenewswire.com
- 5 days ago
Renasant Corporation (RNST) Q3 2024 Earnings Call Transcript
Renasant Corporation (NYSE:RNST ) Q3 2024 Earnings Conference Call October 23, 2024 10:00 AM ET Company Participants Kelly Hutcheson - Chief Accounting Officer Mitch Waycaster - Executive Vice Chairman & Chief Executive Officer Kevin Chapman - President & Chief Operating Office Jim Mabry - Chief Financial Officer David Meredith - Senior Executive Vice President & Chief Credit Officer Conference Call Participants Catherine Mealor - KBW Michael Rose - Raymond James Matt Olney - Stephens David Bishop - Hovde Group Stephen Scouten - Piper Sandler Operator Good day, and welcome to the Renasant Corporation's Third Quarter Earnings Conference Call and Webcast. All participants will be in listen-only mode.
seekingalpha.com
- 3 weeks ago
Compared to Estimates, Renasant (RNST) Q3 Earnings: A Look at Key Metrics
The headline numbers for Renasant (RNST) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
zacks.com
- 3 weeks ago
Renasant (RNST) Q3 Earnings and Revenues Beat Estimates
Renasant (RNST) came out with quarterly earnings of $0.70 per share, beating the Zacks Consensus Estimate of $0.63 per share. This compares to earnings of $0.75 per share a year ago.
zacks.com
- 3 weeks ago
Renasant Corporation Announces Earnings for the Third Quarter of 2024, Receipt of Shareholder Approval of the Merger With the First Bancshares, Inc.
TUPELO, Miss., Oct. 22, 2024 (GLOBE NEWSWIRE) -- Renasant Corporation (NYSE: RNST) (the “Company”) today announced earnings results for the third quarter of 2024.
globenewswire.com
- 3 weeks ago
Analysts Estimate Renasant (RNST) to Report a Decline in Earnings: What to Look Out for
Renasant (RNST) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
zacks.com
- 1 month ago
Renasant Announces 2024 Third Quarter Webcast and Conference Call Information
TUPELO, Miss., Oct. 08, 2024 (GLOBE NEWSWIRE) -- Renasant Corporation (NYSE: RNST) (the “Company”) will announce 2024 third quarter results following the NYSE's closing on Tuesday, October 22, 2024. The Company will hold executive management's quarterly webcast and conference call with analysts on Wednesday, October 23, 2024, at 10:00 AM Eastern Time (9:00 AM Central Time).
globenewswire.com
- 1 month ago
THE FIRST BANCSHARES INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of The First Bancshares, Inc. - FBMS
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of The First Bancshares, Inc. (NYSE: FBMS) to Renasant Corporation (NYSE: RNST). Under the terms of the proposed transaction, shareholders of First will receive 1.00 share of Renasant for each share of First that they own. KSF is seeking to determine whether this consideration and the process that led to it are a.
businesswire.com
- 1 month ago
RNST Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of Renasant Corporation Is Fair to Shareholders
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Renasant Corporation (NYSE: RNST) and The First Bancshares, Inc. is fair to Renasant shareholders. Halper Sadeh encourages Renasant shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. The investigation concerns whether Renasant and its board viola.
businesswire.com
- 2 months ago
Renasant Convention Center Unveils 100-Foot Wall of Art by Patients of St. Jude Children's Research Hospital
MEMPHIS, Tenn.--(BUSINESS WIRE)--Ahead of Childhood Cancer Awareness Month in September, the Renasant Convention Center unveiled on Wednesday, Aug. 28 a new series of art pieces by 12 patients from St. Jude Children's Research Hospital®. The artwork appears on a wall measuring more than 100 feet wide on the Renasant's second floor. Its creations portray a vibrant mix of the city's landmarks, the nurturing environment of St. Jude and the realities of living with cancer and other life-threatening.
businesswire.com
- 2 months ago
8. Profile Summary
Renasant Corporation RNST
COUNTRY
US
INDUSTRY
Banks - Regional
MARKET CAP
$ 2.35 B
Dividend Yield
0.71%
Description
Renasant Corporation operates as a bank holding company for Renasant Bank that provides a range of financial, wealth management, fiduciary, and insurance services to retail and commercial customers. It operates through three segments: Community Banks, Insurance, and Wealth Management. The Community Banks segment offers checking and savings accounts, business and personal loans, asset-based lending, and equipment leasing services, as well as safe deposit and night depository facilities. It also provides commercial, financial, and agricultural loans; equipment financing and leasing; real estate1-4 family mortgage; real estatecommercial mortgage; real estateconstruction loans for the construction of single family residential properties, multi-family properties, and commercial projects; installment loans to individuals; and interim construction loans, as well as automated teller machine (ATM), online and mobile banking, call center, and treasury management services. The Insurance segment provides insurance agency services, such as commercial and personal insurance products through insurance carriers. The Wealth Management segment offers a range of wealth management and fiduciary services, including administration and management of trust accounts, such as personal and corporate benefit accounts, and custodial accounts, as well as accounting and money management for trust accounts; annuities, mutual funds, and other investment services through a third party broker-dealer; and qualified retirement plans, IRAs, employee benefit plans, personal trusts, and estates. As of December 31, 2021, the company operated a network of 189 banking, lending, and mortgage offices located in Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina, and Tennessee; 150 full-service branches and 11 limited-service branches; 173 ATMs; and 38 interactive teller machines. Renasant Corporation was founded in 1904 and is headquartered in Tupelo, Mississippi.
Contact
209 Troy Street, Tupelo, MS, 38804-4827
https://investors.renasant.com
IPO Date
April 24, 1992
Employees
2300
Officers
Mr. J. Scott Cochran
Executive Vice President & Chief Core Banking Officer
Mr. C. Mitchell Waycaster
Chief Executive Officer & Executive Vice Chairman
Mr. James C. Mabry IV
Executive Vice President & Chief Financial Officer
Mr. Stuart R. Johnson
Executive Vice President
Mr. James W. Gray
Executive Vice President
Mr. Edward Robinson McGraw
Executive Chairman of the Board
Mr. John Sterling Oxford
Chief Marketing Officer
Mr. Kevin D. Chapman
President & Chief Operating Officer
Mr. Curtis J. Perry
Executive Vice President
Mr. Mark W. Jeanfreau
Executive Vice President, General Counsel & Secretary