In a report issued on May 11, Matt Olney from Stephens reiterated a Hold rating on Renasant Corp (NASDAQ: RNST), with a price target of $50. The company’s shares closed yesterday at $46.52, close to its 52-week high of $47.69.
According to TipRanks.com, Olney is a 4-star analyst with an average return of 9.7% and a 77.6% success rate. Olney covers the Financial sector, focusing on stocks such as First Financial Bankshares, Texas Capital Bancshares, and Commerce Bancshares Inc.
Renasant Corp has an analyst consensus of Moderate Buy, with a price target consensus of $48.75.
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Renasant Corp’s market cap is currently $2.3B and has a P/E ratio of 22.05. The company has a Price to Book ratio of 1.50.
Based on the recent corporate insider activity of 97 insiders, corporate insider sentiment is negative on the stock.
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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.
