In a report released today, Matt Olney from Stephens assigned a Hold rating to Renasant Corp (NASDAQ: RNST), with a price target of $50. The company’s shares closed yesterday at $45.08.
According to TipRanks.com, Olney is a 4-star analyst with an average return of 8.2% and a 67.2% success rate. Olney covers the Financial sector, focusing on stocks such as Hancock Whitney Corporation, First Financial Bankshares, and Allegiance Bancshares Inc.
Currently, the analyst consensus on Renasant Corp is a Moderate Buy with an average price target of $50.33, an 11.6% upside from current levels. In a report issued on July 10, Raymond James also downgraded the stock to Hold.
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Renasant Corp’s market cap is currently $2.23B and has a P/E ratio of 21.36. The company has a Price to Book ratio of 1.45.
Based on the recent corporate insider activity of 96 insiders, corporate insider sentiment is negative on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
