Mutual of America Capital Management LLC Purchases 418 Shares of Renasant Co. (NASDAQ:RNST)

Mutual of America Capital Management LLC boosted its position in Renasant Co. (NASDAQ:RNSTGet Rating) by 5.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,034 shares of the financial services provider’s stock after purchasing an additional 418 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Renasant were worth $269,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Raymond James & Associates boosted its stake in Renasant by 1.9% in the 4th quarter. Raymond James & Associates now owns 20,514 shares of the financial services provider’s stock valued at $778,000 after purchasing an additional 387 shares during the period. Keybank National Association OH boosted its stake in Renasant by 1.9% in the 4th quarter. Keybank National Association OH now owns 35,435 shares of the financial services provider’s stock valued at $1,345,000 after purchasing an additional 650 shares during the period. EverSource Wealth Advisors LLC bought a new stake in Renasant in the 4th quarter valued at $30,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Renasant by 28.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,529 shares of the financial services provider’s stock valued at $286,000 after purchasing an additional 1,665 shares during the period. Finally, Teacher Retirement System of Texas boosted its stake in Renasant by 19.3% in the 4th quarter. Teacher Retirement System of Texas now owns 10,811 shares of the financial services provider’s stock valued at $410,000 after purchasing an additional 1,746 shares during the period. 78.65% of the stock is currently owned by institutional investors.

Renasant Price Performance

Shares of RNST stock opened at $33.23 on Tuesday. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 0.20. Renasant Co. has a twelve month low of $27.61 and a twelve month high of $40.79. The company has a market cap of $1.85 billion, a P/E ratio of 12.40 and a beta of 1.13. The business has a fifty day simple moving average of $30.04 and a 200 day simple moving average of $32.69.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on RNST. Hovde Group upgraded Renasant from a “market perform” rating to an “outperform” rating and set a $34.00 price target for the company in a research note on Tuesday, June 21st. Piper Sandler cut their target price on Renasant to $32.50 in a research report on Monday, July 4th. Finally, Truist Financial upped their target price on Renasant from $31.00 to $35.00 and gave the company a “hold” rating in a research report on Monday.

About Renasant

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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 equipment leasing services, as well as safe deposit and night depository facilities.

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Institutional Ownership by Quarter for Renasant (NASDAQ:RNST)

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