RNST - Renasant Corp Stock Price, Fair Value and News

30.99USD+0.31 (+1.01%)Market Closed

Market Summary

USD30.99+0.31

Market Closed

1.01%

RNST Stock Price

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RNST RSI Chart

RNST Valuation

Market Cap

1.7B

Price/Earnings (Trailing)

12.52

Price/Sales (Trailing)

2.09

EV/EBITDA

1.85

Price/Free Cashflow

8.46

RNST Price/Sales (Trailing)

RNST Profitability

EBT Margin

20.46%

Return on Equity

5.94%

Return on Assets

0.8%

Free Cashflow Yield

11.82%

RNST Fundamentals

RNST Revenue

Revenue (TTM)

826.5M

Rev. Growth (Yr)

15.83%

Rev. Growth (Qtr)

1.31%

RNST Earnings

Earnings (TTM)

138.0M

Earnings Growth (Yr)

-14.47%

Earnings Growth (Qtr)

40.13%

Breaking Down RNST Revenue

Last 7 days

1.1%

Last 30 days

6.5%

Last 90 days

-1.2%

Trailing 12 Months

26.7%

How does RNST drawdown profile look like?

RNST Financial Health

Debt/Equity

0.18

Debt/Cashflow

0.52

RNST Investor Care

Dividend Yield

2.87%

Dividend/Share (TTM)

0.88

Shares Dilution (1Y)

0.44%

Diluted EPS (TTM)

2.44

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	826.5M	0	0	0
2023	615.7M	689.4M	752.0M	797.3M
2022	457.1M	459.5M	488.7M	541.8M
2021	489.7M	486.8M	478.7M	468.7M
2020	535.7M	521.8M	509.4M	498.1M
2019	498.6M	529.9M	546.5M	542.6M
2018	393.2M	412.2M	429.3M	461.9M
2017	334.8M	338.3M	356.0M	374.8M
2016	285.1M	312.4M	321.1M	329.1M
2015	224.4M	222.9M	240.8M	263.0M
2014	197.8M	216.2M	227.9M	226.4M
2013	157.8M	157.7M	163.2M	180.6M
2012	167.3M	163.5M	160.7M	159.3M
2011	169.5M	174.9M	173.5M	170.7M
2010	0	168.8M	167.1M	165.3M
2009	0	0	0	170.6M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

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Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

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Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of Renasant Corp

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 01, 2024	mcgraw edward robinson	sold (taxes)	-133,356	29.06	-4,589	cob & exec chair
May 01, 2024	mcgraw edward robinson	back to issuer	-	-	-21,082	cob & exec chair
Apr 23, 2024	suggs sean m.	acquired	-	-	2,356	-
Apr 23, 2024	clark donald jr	acquired	-	-	2,356	-
Apr 23, 2024	heyer richard	acquired	-	-	2,356	-
Apr 23, 2024	mcgraw edward robinson	acquired	-	-	2,356	cob & exec chair
Apr 23, 2024	engel connie l	acquired	-	-	2,356	-
Apr 23, 2024	deer jill v	acquired	-	-	2,356	-
Apr 23, 2024	holland neal a jr	acquired	-	-	2,356	-
Apr 23, 2024	butler gary d.	acquired	-	-	2,356	-

Which funds bought or sold RNST recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 13, 2024	Nuveen Asset Management, LLC	added	0.45	-1,024,090	14,525,000	-%
May 13, 2024	NOMURA ASSET MANAGEMENT CO LTD	unchanged	-	-1,156	15,347	-%
May 13, 2024	Balyasny Asset Management L.P.	new	-	493,196	493,196	-%
May 13, 2024	CANADA LIFE ASSURANCE Co	added	6.17	-20,000	1,724,000	-%
May 13, 2024	Rafferty Asset Management, LLC	added	8.65	18,071	1,755,020	0.01%
May 13, 2024	FIRST TRUST ADVISORS LP	reduced	-9.93	-569,551	2,936,470	-%
May 13, 2024	ENVESTNET ASSET MANAGEMENT INC	reduced	-40.62	-931,617	1,148,840	-%
May 13, 2024	AMERICAN INTERNATIONAL GROUP, INC.	reduced	-0.89	-79,387	934,213	-%
May 13, 2024	Brandywine Global Investment Management, LLC	new	-	747,420	747,420	-%
May 13, 2024	Creative Planning	added	32.71	47,823	252,126	-%

Are Funds Buying or Selling RNST?

Are funds buying RNST calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own RNST

No. of Funds

Unveiling Renasant Corp's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	11.43%	6,416,896	SC 13G/A
Feb 09, 2024	dimensional fund advisors lp	7.0%	3,913,034	SC 13G/A
Feb 07, 2024	victory capital management inc	5.85%	3,282,940	SC 13G
Jan 23, 2024	blackrock inc.	14.6%	8,203,505	SC 13G/A
Feb 10, 2023	dimensional fund advisors lp	7.3%	4,070,002	SC 13G/A
Feb 09, 2023	vanguard group inc	11.48%	6,422,592	SC 13G/A
Feb 06, 2023	victory capital management inc	2.64%	1,476,992	SC 13G/A
Jan 23, 2023	blackrock inc.	14.7%	8,244,471	SC 13G/A
Feb 10, 2022	vanguard group inc	10.77%	6,003,946	SC 13G
Feb 08, 2022	dimensional fund advisors lp	6.6%	3,699,077	SC 13G/A

Recent SEC filings of Renasant Corp

View All Filings

Date Filed	Form Type	Document
May 08, 2024	10-Q	Quarterly Report
May 02, 2024	4	Insider Trading
Apr 29, 2024	8-K	Current Report
Apr 25, 2024	8-K	Current Report
Apr 24, 2024	4	Insider Trading
Apr 24, 2024	4	Insider Trading
Apr 24, 2024	4	Insider Trading
Apr 24, 2024	4	Insider Trading
Apr 24, 2024	4	Insider Trading
Apr 24, 2024	4	Insider Trading

Peers (Alternatives to Renasant Corp)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JPM	578.6B	174.7B	8.69%	48.16%	11.49	3.31	53.11%	19.83%
BAC	301.1B	137.9B	6.85%	41.16%	12.03	2.18	56.12%	-12.56%
WFC	215.7B	85.8B	8.52%	63.46%	11.49	2.51	35.02%	26.14%
C	121.3B	125.0B	6.23%	39.49%	15.17	0.97	37.85%	-
CFG	16.6B	10.4B	8.48%	44.96%	11.58	1.59	26.22%	-33.87%
KEY	14.2B	8.1B	1.78%	65.41%	16.28	1.75	32.15%	-50.93%
MID-CAP
CMA	7.2B	4.2B	3.79%	66.34%	10.3	1.69	34.68%	-45.96%
ZION	6.6B	4.1B	8.06%	95.94%	10.46	1.61	32.93%	-30.73%
ABCB	3.5B	1.3B	9.68%	70.56%	12.2	2.63	30.60%	-12.99%
ASB	3.4B	2.0B	8.96%	50.51%	20.99	1.66	47.11%	-59.32%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
ALRS	408.4M	152.4M	2.65%	46.43%	41.08	2.68	16.94%	-73.84%
AROW	395.7M	173.1M	7.98%	20.88%	13.57	2.29	26.54%	-34.86%
ACNB	287.5M	98.7M	5.64%	21.02%	9.77	2.91	6.27%	-22.90%
ASRV	45.8M	62.5M	12.13%	-6.62%	-15.48	0.73	18.83%	-145.18%

Renasant Corp News

Latest updates

Renasant Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	1.3%	213	210	206	197	184	165	143	123	110	112	114	121	122	122	122	124	130	133	134	138	137
EBITDA Margin	-6.4%	0.86*	0.92*	1.03*	1.14*	1.27*	1.36*	1.42*	1.43*	1.43*	1.48*	1.44*	1.39*	-	-	-	-	-	-	-	-	-
Interest Expenses	-2.1%	123	126	127	130	136	138	130	114	100	101	103	110	110	108	106	106	107	109	109	113	113
Income Taxes	161.7%	10.00	4.00	11.00	7.00	11.00	13.00	14.00	11.00	8.00	11.00	11.00	8.00	17.00	7.00	8.00	5.00	1.00	9.00	11.00	14.00	14.00
Earnings Before Taxes	54.6%	49.00	32.00	53.00	35.00	57.00	59.00	60.00	51.00	41.00	48.00	51.00	48.00	75.00	38.00	38.00	25.00	3.00	48.00	49.00	61.00	59.00
EBT Margin	-7.9%	0.20*	0.22*	0.27*	0.31*	0.37*	0.39*	0.41*	0.42*	0.41*	0.48*	0.44*	0.41*	-	-	-	-	-	-	-	-	-
Net Income	40.1%	39.00	28.00	42.00	29.00	46.00	46.00	47.00	40.00	34.00	37.00	40.00	41.00	58.00	32.00	30.00	20.00	2.00	38.00	37.00	47.00	45.00
Net Income Margin	-8.0%	0.17*	0.18*	0.22*	0.24*	0.29*	0.31*	0.32*	0.33*	0.33*	0.38*	0.36*	0.33*	-	-	-	-	-	-	-	-	-
Free Cashflow	-35.1%	62.00	95.00	76.00	-28.27	-15.62	106	109	140	204	49.00	37.00	96.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-0.1%	17,346	17,361	17,182	17,224	17,474	16,988	16,471	16,618	16,864	16,810	16,156	16,022	15,623	14,930	14,809	14,897	13,901	13,401	13,040	12,893	12,862
Cash Equivalents	5.4%	844	801	741	947	848	576	480	1,010	1,607	1,878	1,476	1,605	1,262	633	414	617	638	415	410	444	562
Net PPE	-0.4%	282	283	284	286	287	284	284	284	285	293	294	293	301	300	300	302	307	310	307	291	267
Goodwill	0%	992	992	992	992	992	992	946	946	946	940	940	940	940	940	940	940	940	940	940	933	933
Liabilities	-0.3%	15,023	15,063	14,948	15,016	15,287	14,852	14,379	14,501	14,726	14,600	13,952	13,819	13,449	12,797	12,705	12,814	11,830	11,275	10,920	10,773	10,774
Short Term Borrowings	-64.8%	108	308	108	257	732	712	313	113	111	14.00	11.00	15.00	12.00	21.00	43.00	342	803	489	206	139	88.00
Long Term Debt	-0.3%	428	429	427	430	431	428	427	432	435	471	469	469	468	475	475	377	377	377	228	263	263
Shareholder's Equity	1.1%	2,322	2,297	2,233	2,209	2,187	2,136	2,092	2,117	2,138	2,210	2,204	2,204	2,174	2,133	2,104	2,083	2,071	2,126	2,120	2,120	2,089
Retained Earnings	2.8%	979	952	937	907	891	858	824	790	763	742	717	689	661	616	597	579	572	617	592	567	533
Additional Paid-In Capital	-0.4%	1,304	1,308	1,305	1,302	1,299	1,302	1,299	1,298	1,297	1,300	1,298	1,296	1,295	1,297	1,295	1,293	1,291	1,294	1,292	1,289	1,288
Shares Outstanding	0.3%	56.00	56.00	56.00	56.00	56.00	56.00	56.00	56.00	56.00	56.00	56.00	56.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	1,430	-	-	-	1,566	-	-	-	2,197	-	-	-	1,342	-	-	-	2,019	-

Cashflow (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-35.2%	65.00	100	80.00	-24.16	-7.38	111	113	144	206	52.00	41.00	106	-56.79	38.00	-10.87	178	-123	134	-14.93	-95.29	140
Share Based Compensation	15.6%	4.00	3.00	3.00	3.00	3.00	3.00	2.00	3.00	3.00	2.00	3.00	2.00	3.00	2.00	2.00	3.00	3.00	2.00	3.00	2.00	3.00
Cashflow From Investing	120.7%	30.00	-144	-184	427	-153	-456	-500	-502	-584	-287	-271	-129	29.00	90.00	-66.23	-1,158	-130	-453	-107	30.00	25.00
Cashflow From Financing	-149.8%	-51.98	104	-100	-303	432	442	-144	-238	109	637	102	367	656	91.00	-125	960	476	325	88.00	-53.22	-172
Dividend Payments	0.6%	13.00	13.00	13.00	13.00	13.00	13.00	12.00	12.00	13.00	12.00	12.00	13.00	13.00	13.00	13.00	13.00	13.00	13.00	13.00	13.00	12.00
Buy Backs	-	-	-	-	-	-	-	-	-	-	0.00	21.00	-	-	-	-	-	25.00	21.00	29.00	13.00	-

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RNST Income Statement

2024-03-31

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Interest income
Loans	$ 194,698	$ 163,524
Securities
Taxable	9,505	13,253
Tax-exempt	1,195	1,838
Other	7,781	5,430
Total interest income	213,179	184,045
Interest expense
Deposits	82,613	32,866
Borrowings	7,276	15,404
Total interest expense	89,889	48,270
Net interest income	123,290	135,775
Provision for credit losses on loans	2,638	7,960
Recovery of credit losses on unfunded commitments	(200)	(1,500)
Provision for credit losses	2,438	6,460
Net interest income after provision for credit losses	120,852	129,315
Noninterest income
Service charges on deposit accounts	10,506	9,120
Fees and commissions	3,949	4,676
Insurance commissions	2,716	2,446
Wealth management revenue	5,669	5,140
Mortgage banking income	11,370	8,517
Gain on debt extinguishment	56	0
BOLI income	2,691	3,003
Other	4,424	4,391
Total noninterest income	41,381	37,293
Noninterest expense
Salaries and employee benefits	71,470	69,832
Data processing	3,807	3,633
Net occupancy and equipment	11,389	11,405
Other real estate owned	107	30
Professional fees	3,348	3,467
Advertising and public relations	4,886	4,686
Intangible amortization	1,212	1,426
Communications	2,024	1,980
Other	14,669	12,749
Total noninterest expense	112,912	109,208
Income (loss) before income taxes	49,321	57,400
Income taxes	9,912	11,322
Net income (loss)	$ 39,409	$ 46,078
Basic earnings per share (in usd per share)	$ 0.70	$ 0.82
Diluted earnings per share (in usd per share)	0.70	0.82
Cash dividends per common share (in usd per share)	$ 0.22	$ 0.22

RNST Balance Sheet

2024-03-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Assets
Cash and due from banks	$ 174,349	$ 206,680
Interest-bearing balances with banks	670,051	594,671
Cash and cash equivalents	844,400	801,351
Securities held to maturity (net of allowance for credit losses of $32 at each of March 31, 2024 and December 31, 2023) (fair value of $1,085,085 and $1,121,830, respectively)	1,199,111	1,221,464
Securities available for sale, at fair value	764,486	923,279
Loans held for sale, at fair value	191,440	179,756
Loans, net of unearned income:
Loans held for investment, net of unearned income	12,500,525	12,351,230
Allowance for credit losses on loans	(201,052)	(198,578)
Loans, net	12,299,473	12,152,652
Premises and equipment, net	282,193	283,195
Other real estate owned, net	9,142	9,622
Goodwill	991,665	991,665
Other intangible assets, net	17,583	18,795
Bank-owned life insurance	385,186	382,584
Mortgage servicing rights	71,596	91,688
Other assets	289,466	304,484
Total assets	17,345,741	17,360,535
Deposits
Noninterest-bearing	3,516,164	3,583,675
Interest-bearing	10,720,999	10,493,110
Total deposits	14,237,163	14,076,785
Short-term borrowings	108,121	307,577
Long-term debt	428,047	429,400
Other liabilities	250,060	249,390
Total liabilities	15,023,391	15,063,152
Shareholders’ equity
Preferred stock, $0.01 par value – 5,000,000 shares authorized; no shares issued and outstanding	0	0
Common stock, $5.00 par value – 150,000,000 shares authorized; 59,296,725 shares issued; 56,304,860 and 56,142,207 shares outstanding, respectively	296,483	296,483
Treasury stock, at cost – 2,991,865 and 3,154,518 shares, respectively	(99,683)	(105,249)
Additional paid-in capital	1,303,613	1,308,281
Retained earnings	978,880	952,124
Accumulated other comprehensive loss, net of taxes	(156,943)	(154,256)
Total shareholders’ equity	2,322,350	2,297,383
Total liabilities and shareholders’ equity	$ 17,345,741	$ 17,360,535

About Renasant Corp

Renasant Corporation operates as a bank holding company for Renasant Bank that provides a range of financial, wealth management, fiduciary, and insurance services to retail and commercial customers. It operates through three segments: Community Banks, Insurance, and Wealth Management. The Community Banks segment offers checking and savings accounts, business and personal loans, asset-based lending, and factoring equipment leasing services, as well as safe deposit and night depository facilities. It also provides commercial, financial, and agricultural loans; equipment financing and leasing; real estateÃ‚â€“1-4 family mortgage; real estateÃ‚â€“commercial mortgage; real estateÃ‚â€“construction loans for the construction of single family residential properties, multi-family properties, and commercial projects; installment loans to individuals; and interim construction loans, as well as automated teller machine (ATM), online and mobile banking, call center, and treasury management services. The Insurance segment provides insurance agency services, such as commercial and personal insurance products through insurance carriers. The Wealth Management segment offers a range of wealth management and fiduciary services, including administration and management of trust accounts, such as personal and corporate benefit accounts, and custodial accounts, as well as accounting and money management for trust accounts; annuities, mutual funds, and other investment services through a third party broker-dealer; administrative and compliance services; and qualified retirement plans, IRAs, employee benefit plans, personal trusts, and estates. Renasant Corporation was founded in 1904 and is headquartered in Tupelo, Mississippi.

CEO	Mr. C. Mitchell Waycaster
WEBSITE	https://investors.renasant.com
INDUSTRY	Banks Diversified
EMPLOYEES	2334

Renasant Corp Frequently Asked Questions

What is the ticker symbol for Renasant Corp? What does RNST stand for in stocks?

RNST is the stock ticker symbol of Renasant Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Renasant Corp (RNST)?

As of Mon May 13 2024, market cap of Renasant Corp is 1.73 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of RNST stock?

You can check RNST's fair value in chart for subscribers.

What is the fair value of RNST stock?

You can check RNST's fair value in chart for subscribers. The fair value of Renasant Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Renasant Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for RNST so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Renasant Corp a good stock to buy?

The fair value guage provides a quick view whether RNST is over valued or under valued. Whether Renasant Corp is cheap or expensive depends on the assumptions which impact Renasant Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for RNST.

What is Renasant Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Mon May 13 2024, RNST's PE ratio (Price to Earnings) is 12.52 and Price to Sales (PS) ratio is 2.09. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. RNST PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Renasant Corp's stock?

In the past 10 years, Renasant Corp has provided 0.034 (multiply by 100 for percentage) rate of return.