Renasant Corp (RNST) Gets a Hold Rating from Stephens


Stephens analyst Matt Olney reiterated a Hold rating on Renasant Corp (NASDAQ: RNST) today and set a price target of $50. The company’s shares closed on Friday at $46.47.

According to TipRanks.com, Olney is a 4-star analyst with an average return of 9.4% and a 76.5% success rate. Olney covers the Financial sector, focusing on stocks such as Hancock Whitney Corporation, First Western Financial Inc, and First Financial Bankshares.

Renasant Corp has an analyst consensus of Moderate Buy, with a price target consensus of $50.

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Renasant Corp’s market cap is currently $2.3B and has a P/E ratio of 20.38. The company has a Price to Book ratio of 1.47.

Based on the recent corporate insider activity of 90 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of RNST in relation to earlier this year.

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.

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