Renasant Stock Today
| RNST Stock | USD 28.77 0.46 1.62% |
Performance0 of 100
| Odds Of DistressLess than 6
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Renasant is selling for under 28.77 as of the 19th of April 2024; that is 1.62 percent up since the beginning of the trading day. The stock's last reported lowest price was 28.26. Renasant has only a 6 % chance of going through financial distress over the next few years, but has generated negative returns over the last 90 days. Equity ratings for Renasant are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th of April 2024. Click here to learn more.
Business Domain Banks | IPO Date 24th of April 1992 | Category Financial Services | Classification Financials |
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. Renasant Corporation was founded in 1904 and is headquartered in Tupelo, Mississippi. The company has 56.22 M outstanding shares of which 1.17 M shares are at this time shorted by private and institutional investors with about 2.25 trading days to cover. More on Renasant
Moving together with Renasant Stock
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Moving against Renasant Stock
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| 0.42 | WF | Woori Financial Group Financial Report 21st of May 2024 | PairCorr |
Renasant Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Renasant's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Renasant or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Chairman | Edward McGraw | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Regional Banks, Banks - Regional, Financial Services, NYSE Composite, SP Small-Cap 600, NASDAQ Composite Total, Financials, Banks, Banks—Regional, Financial Services (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Renasant report their recommendations after researching Renasant's financial statements, talking to executives and customers, or listening in on Renasant's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Renasant. The Renasant consensus assessment is calculated by taking the average forecast from all of the analysts covering Renasant. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the key indicators related to Renasant's liquidity, profitability, solvency, and operating efficiency, Renasant may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. Financial strength of Renasant is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Renasant's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Renasant's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Renasant's financial leverage. It provides some insight into what part of Renasant's total assets is financed by creditors.
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Renasant (RNST) is traded on New York Stock Exchange in USA. It is located in 209 Troy Street, Tupelo, MS, United States, 38804-4827 and employs 2,300 people. Renasant is listed under Regional Banks category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 1.62 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Renasant's market, we take the total number of its shares issued and multiply it by Renasant's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Renasant conducts business under Banks sector and is part of Financials industry. The entity has 56.22 M outstanding shares of which 1.17 M shares are at this time shorted by private and institutional investors with about 2.25 trading days to cover.
Renasant currently holds about 1.04 B in cash with 148.55 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 18.62.
Check Renasant Probability Of Bankruptcy
Ownership AllocationRenasant owns a total of 56.22 Million outstanding shares. The majority of Renasant outstanding shares are owned by third-party entities. These institutional holders are usually referred to as non-private investors looking to secure positions in Renasant to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Renasant. Please pay attention to any change in the institutional holdings of Renasant as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company maintains, if the real value of the company is less than the current market value, you may not be able to make money on it.
Check Renasant Ownership Details
Renasant Stock Price Odds Analysis
Attributed to a normal probability distribution, the odds of Renasant jumping above the current price in 90 days from now is under 95%. The Renasant probability density function shows the probability of Renasant stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.6416 indicating as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Renasant will likely underperform. Additionally, renasant has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Renasant to move above the current price in 90 days from now is under 95 (This Renasant probability density function shows the probability of Renasant Stock to fall within a particular range of prices over 90 days) .
Renasant Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Renasant that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Renasant's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Renasant's value.| Instituion | Recorded On | Shares | |
| Frontier Capital Management Co Inc | 2023-12-31 | 744.3 K | |
| Ameriprise Financial Inc | 2023-12-31 | 724.6 K | |
| Northern Trust Corp | 2023-12-31 | 705.1 K | |
| Bank Of New York Mellon Corp | 2023-12-31 | 571.2 K | |
| Morgan Stanley - Brokerage Accounts | 2023-12-31 | 519.9 K | |
| Nuveen Asset Management, Llc | 2023-12-31 | 461.7 K | |
| Manufacturers Life Insurance Co | 2023-12-31 | 449.2 K | |
| Bank Of America Corp | 2023-12-31 | 415.9 K | |
| Norges Bank | 2023-12-31 | 399.9 K | |
| Blackrock Inc | 2023-12-31 | 8.2 M | |
| Vanguard Group Inc | 2023-12-31 | 6.4 M |
Renasant Historical Income Statement
Renasant Income Statement is one of the three primary financial statements used for reporting Renasant's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Renasant revenue and expense. Renasant Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Renasant's Net Income is comparatively stable compared to the past year. Net Income Applicable To Common Shares is likely to gain to about 200.5 M in 2024, whereas EBITDA is likely to drop slightly above 114.5 M in 2024. View More FundamentalsRenasant Stock Against Markets
Picking the right benchmark for Renasant stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Renasant stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Renasant is critical whether you are bullish or bearish towards Renasant at a given time. Please also check how Renasant's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Renasant without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Renasant Corporate Directors
Renasant corporate directors refer to members of a Renasant board of directors. The board of directors generally takes responsibility for the Renasant's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Renasant's board members must vote for the resolution. The Renasant board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Niles McNeel | Independent Director | Profile | |
| William Beasley | Independent Director | Profile | |
| John Creekmore | Lead Independent Director | Profile | |
| Frank Brooks | Independent Director | Profile |
How to buy Renasant Stock?
Before investing in Renasant, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Renasant. To buy Renasant stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Renasant. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Renasant stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Renasant stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Renasant stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Renasant, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Renasant Stock please use our How to Invest in Renasant guide.
Already Invested in Renasant?
The danger of trading Renasant is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Renasant is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Renasant. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Renasant is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Renasant is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Renasant Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Renasant Stock. Highlighted below are key reports to facilitate an investment decision about Renasant Stock: Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Renasant. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. For more information on how to buy Renasant Stock please use our How to Invest in Renasant guide.You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Complementary Tools for Renasant Stock analysis
When running Renasant's price analysis, check to measure Renasant's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Renasant is operating at the current time. Most of Renasant's value examination focuses on studying past and present price action to predict the probability of Renasant's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Renasant's price. Additionally, you may evaluate how the addition of Renasant to your portfolios can decrease your overall portfolio volatility.
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Is Renasant's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Renasant. If investors know Renasant will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Renasant listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.40) | Dividend Share 0.88 | Earnings Share 2.56 | Revenue Per Share 10.995 | Quarterly Revenue Growth (0.09) |
The market value of Renasant is measured differently than its book value, which is the value of Renasant that is recorded on the company's balance sheet. Investors also form their own opinion of Renasant's value that differs from its market value or its book value, called intrinsic value, which is Renasant's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Renasant's market value can be influenced by many factors that don't directly affect Renasant's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Renasant's value and its price as these two are different measures arrived at by different means. Investors typically determine if Renasant is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Renasant's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.