Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
The price of Renasant Corp (NYSE: RNST) closed at $30.07 in the last session, up 7.89% from day before closing price of $27.87. In other words, the price has increased by $7.89 from its previous closing price. On the day, 1.58 million shares were traded. RNST stock price reached its highest trading level at $30.625 during the session, while it also had its lowest trading level at $26.98.
Ratios:
We take a closer look at RNST’s different ratios to gain a better understanding of the stock. In the meantime, Its Debt-to-Equity ratio is 0.22 whereas as Long-Term Debt/Eq ratio is at 0.18.
On August 05, 2024, Piper Sandler Upgraded its rating to Overweight which previously was Neutral and also upped its target price recommendation from $34 to $40.
Hovde Group Upgraded its Market Perform to Outperform on August 05, 2024, whereas the target price for the stock was revised from $38 to $39.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Feb 21 ’25 when Hutcheson Kelly sold 1,310 shares for $36.72 per share. The transaction valued at 48,103 led to the insider holds 17,586 shares of the business.
Hutcheson Kelly bought 1,310 shares of RNST for $48,915 on Feb 21 ’25. On Nov 06 ’24, another insider, CREEKMORE JOHN, who serves as the Director of the company, sold 3,000 shares for $38.00 each. As a result, the insider received 114,000 and left with 24,057 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, RNST now has a Market Capitalization of 2855790080 and an Enterprise Value of 1358281600. As of this moment, Renasant’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.23, and their Forward P/E ratio for the next fiscal year is 8.62. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.62 while its Price-to-Book (P/B) ratio in mrq is 0.71. Its current Enterprise Value per Revenue stands at 1.922.
Stock Price History:
The Beta on a monthly basis for RNST is 0.94, which has changed by 0.046276927 over the last 52 weeks, in comparison to a change of 0.049593568 over the same period for the S&P500. Over the past 52 weeks, RNST has reached a high of $39.63, while it has fallen to a 52-week low of $27.44. The 50-Day Moving Average of the stock is -15.29%, while the 200-Day Moving Average is calculated to be -13.06%.
Shares Statistics:
According to the various share statistics, RNST traded on average about 827.87K shares per day over the past 3-months and 2141720 shares per day over the past 10 days. A total of 63.57M shares are outstanding, with a floating share count of 54.72M. Insiders hold about 2.91% of the company’s shares, while institutions hold 104.66% stake in the company. Shares short for RNST as of 1741910400 were 5784163 with a Short Ratio of 6.99, compared to 1739491200 on 4993390. Therefore, it implies a Short% of Shares Outstanding of 5784163 and a Short% of Float of 12.2200005.
Dividends & Splits
The forward annual dividend rate for RNST is 0.88, which was 0.88 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.03157517The stock’s 5-year Average Dividend Yield is 2.75. The current Payout Ratio is 26.90% for RNST, which recently paid a dividend on 2025-03-17 with an ex-dividend date of 1742169600. Stock splits for the company last occurred on 2006-08-29 when the company split stock in a 3:2 ratio.
