Today, a Director at Renasant Corp (NASDAQ: RNST), Michael Shmerling, bought shares of RNST for $45K.
Following Michael Shmerling’s last RNST Buy transaction on November 13, 2017, the stock climbed by 4.8%.
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Based on Renasant Corp’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $142 million and quarterly net profit of $36.71 million. In comparison, last year the company earned revenue of $121 million and had a net profit of $25.28 million. RNST’s market cap is $2.22B and the company has a P/E ratio of 19.71. Currently, Renasant Corp has an average volume of 94.29K.
Seven different firms, including Hilliard Lyons and Jefferies, currently also have a Buy rating on the stock. Based on 4 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $49.33, reflecting a -8.8% downside.
The insider sentiment on Renasant Corp has been negative according to 93 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Michael Shmerling’s trades have generated a 29.6% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Renasant Corp. is a bank holding company, which engages in the provision of financial, fiduciary, and insurance services through its the Renasant Bank. It operates through the following segments: Community Banks, Insurance, Wealth Management, and Other.
