In the pursuit of market outperformance, investors navigate the landscape of stock selection. The right picks can play a pivotal role in enhancing your wealth.
In the latest session, Renasant Corp (NYSE: RNST) closed at $27.80 up 0.43% from its previous closing price of $27.68. In other words, the price has increased by $0.43 from its previous closing price. On the day, 1.14 million shares were traded. RNST stock price reached its highest trading level at $28.22 during the session, while it also had its lowest trading level at $27.27.
Ratios:
For a deeper understanding of Renasant Corp’s stock, let’s take a closer look at its various ratios. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 2640204800 and an Enterprise Value of 1258976000. As of this moment, Renasant’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.54, and their Forward P/E ratio for the next fiscal year is 7.97. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.44 while its Price-to-Book (P/B) ratio in mrq is 0.66. Its current Enterprise Value per Revenue stands at 1.782.
Stock Price History:
The Beta on a monthly basis for RNST is 0.93, which has changed by -0.023190439 over the last 52 weeks, in comparison to a change of 0.07019031 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 $26.97. The 50-Day Moving Average of the stock is -20.22%, while the 200-Day Moving Average is calculated to be -19.57%.
Shares Statistics:
For the past three months, RNST has traded an average of 856.85K shares per day and 1449610 over the past ten 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 1743379200 were 5833205 with a Short Ratio of 6.81, compared to 1740700800 on 5276701. Therefore, it implies a Short% of Shares Outstanding of 5833205 and a Short% of Float of 12.33.
Dividends & Splits
According to the company, the forward annual dividend rate for RNST is 0.88, from 0.88 in the trailing year. Against a Trailing Annual Dividend Yield of 0.031791907The 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.
