TFO Wealth Partners LLC Has $47,000 Stock Holdings in Renasant Co. (NASDAQ:RNST)

TFO Wealth Partners LLC grew its stake in shares of Renasant Co. (NASDAQ:RNSTFree Report) by 13,710.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,381 shares of the financial services provider’s stock after purchasing an additional 1,371 shares during the period. TFO Wealth Partners LLC’s holdings in Renasant were worth $47,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in Renasant by 0.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,913,033 shares of the financial services provider’s stock worth $131,793,000 after buying an additional 34,897 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Renasant by 7.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 755,441 shares of the financial services provider’s stock worth $25,443,000 after purchasing an additional 50,084 shares during the period. Norges Bank acquired a new stake in Renasant in the 4th quarter valued at $13,469,000. New York State Common Retirement Fund increased its stake in Renasant by 0.3% during the 4th quarter. New York State Common Retirement Fund now owns 314,417 shares of the financial services provider’s stock valued at $10,590,000 after purchasing an additional 829 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings in Renasant by 10.0% during the third quarter. Public Employees Retirement System of Ohio now owns 139,706 shares of the financial services provider’s stock worth $3,659,000 after buying an additional 12,741 shares during the last quarter. Institutional investors and hedge funds own 77.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on RNST shares. StockNews.com raised shares of Renasant from a “sell” rating to a “hold” rating in a research report on Saturday, April 27th. Truist Financial decreased their price objective on Renasant from $35.00 to $33.00 and set a “hold” rating for the company in a report on Monday, April 1st. Five research analysts have rated the stock with a hold rating, According to MarketBeat.com, Renasant has a consensus rating of “Hold” and a consensus target price of $33.00.

Get Our Latest Analysis on RNST

Renasant Stock Up 0.9 %

RNST opened at $29.31 on Friday. Renasant Co. has a fifty-two week low of $22.99 and a fifty-two week high of $34.85. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.93 and a quick ratio of 0.92. The company’s 50-day moving average is $30.00 and its 200 day moving average is $30.80. The firm has a market capitalization of $1.65 billion, a P/E ratio of 9.72 and a beta of 1.04.

Renasant (NASDAQ:RNSTGet Free Report) last announced its earnings results on Tuesday, April 23rd. The financial services provider reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. The firm had revenue of $254.56 million for the quarter, compared to the consensus estimate of $159.60 million. Renasant had a return on equity of 7.44% and a net margin of 14.67%. During the same quarter in the previous year, the business earned $0.82 EPS. Research analysts expect that Renasant Co. will post 2.62 earnings per share for the current fiscal year.

Renasant Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.88 dividend on an annualized basis and a yield of 3.00%. Renasant’s dividend payout ratio (DPR) is presently 35.77%.

Renasant Profile

(Free Report)

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. The company operates through Community Banks, Insurance, and Wealth Management segments. 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.

See Also

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Institutional Ownership by Quarter for Renasant (NASDAQ:RNST)

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