In the quest to outshine the broader market, stock pickers diligently seek out stocks with the potential for superior performance. Making the right choices can significantly elevate your wealth.
Renasant Corp (NYSE: RNST) closed the day trading at $33.90 down -0.56% from the previous closing price of $34.09. In other words, the price has decreased by -$0.56 from its previous closing price. On the day, 1.89 million shares were traded. RNST stock price reached its highest trading level at $34.06 during the session, while it also had its lowest trading level at $33.4.
Ratios:
For a better understanding of RNST, let’s look at its different 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 3219530496 and an Enterprise Value of 1659381248. As of this moment, Renasant’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.41, and their Forward P/E ratio for the next fiscal year is 9.64. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.98 while its Price-to-Book (P/B) ratio in mrq is 0.80. Its current Enterprise Value per Revenue stands at 2.348.
Stock Price History:
The Beta on a monthly basis for RNST is 0.87, which has changed by 0.13453817 over the last 52 weeks, in comparison to a change of 0.101756096 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 $27.98. The 50-Day Moving Average of the stock is -6.49%, while the 200-Day Moving Average is calculated to be -1.93%.
Shares Statistics:
Over the past 3-months, RNST traded about 733.17K shares per day on average, while over the past 10 days, RNST traded about 1809510 shares per day. A total of 63.57M shares are outstanding, with a floating share count of 54.94M. Insiders hold about 2.53% 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 7.89, 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
RNST’s forward annual dividend rate is 0.88, up from 0.88 a year ago. Against a Trailing Annual Dividend Yield of 0.025814021The 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.
