WINTON GROUP Ltd Invests $582,000 in Renasant Co. (NASDAQ:RNST)

WINTON GROUP Ltd purchased a new position in Renasant Co. (NASDAQ:RNSTGet Rating) in the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 20,192 shares of the financial services provider’s stock, valued at approximately $582,000.

A number of other institutional investors also recently made changes to their positions in the stock. Pinebridge Investments L.P. lifted its stake in Renasant by 279.3% during the second quarter. Pinebridge Investments L.P. now owns 1,138 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 838 shares during the last quarter. KBC Group NV acquired a new stake in Renasant during the second quarter valued at approximately $126,000. Trustcore Financial Services LLC lifted its stake in Renasant by 156.8% during the first quarter. Trustcore Financial Services LLC now owns 4,094 shares of the financial services provider’s stock valued at $137,000 after purchasing an additional 2,500 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in Renasant by 13.9% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 6,225 shares of the financial services provider’s stock valued at $208,000 after purchasing an additional 760 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in Renasant by 108.1% during the first quarter. Nisa Investment Advisors LLC now owns 7,700 shares of the financial services provider’s stock valued at $258,000 after purchasing an additional 4,000 shares during the last quarter. 76.55% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RNST has been the subject of several recent research reports. Stephens increased their target price on shares of Renasant from $38.00 to $40.00 and gave the company an “equal weight” rating in a research note on Friday, October 28th. Truist Financial boosted their price target on shares of Renasant from $31.00 to $35.00 and gave the company a “hold” rating in a report on Monday, August 1st. StockNews.com began coverage on shares of Renasant in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, Raymond James upgraded shares of Renasant from a “market perform” rating to an “outperform” rating and set a $41.00 price target on the stock in a report on Thursday, October 27th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Renasant has a consensus rating of “Moderate Buy” and an average price target of $37.25.

Renasant Stock Up 0.5 %

Renasant stock opened at $39.74 on Friday. The firm has a market cap of $2.22 billion, a PE ratio of 14.19 and a beta of 1.16. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.83 and a current ratio of 0.84. The firm’s 50 day moving average price is $35.71 and its two-hundred day moving average price is $32.76. Renasant Co. has a twelve month low of $27.61 and a twelve month high of $41.77.

Renasant Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, January 1st. Shareholders of record on Friday, December 16th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Thursday, December 15th. This represents a $0.88 annualized dividend and a yield of 2.21%. Renasant’s dividend payout ratio is presently 31.43%.

Renasant Profile

(Get Rating)

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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