Renasant (NYSE:RNST) Upgraded by Wall Street Zen to Hold Rating

Renasant (NYSE:RNST) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

A number of other analysts have also issued reports on RNST. Hovde Group raised Renasant from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 30th. Weiss Ratings restated a “hold (c+)” rating on shares of Renasant in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Renasant Trading Down 0.8%

Shares of RNST stock opened at $37.74 on Friday. The stock has a market capitalization of $3.59 billion, a P/E ratio of 17.80 and a beta of 0.97. The company has a fifty day moving average price of $36.43. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 0.13. Renasant has a twelve month low of $26.97 and a twelve month high of $40.40.

Renasant (NYSE:RNST) last released its quarterly earnings results on Tuesday, January 27th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.11. Renasant had a net margin of 12.55% and a return on equity of 7.53%. The firm had revenue of $278.52 million for the quarter, compared to the consensus estimate of $269.00 million.

About Renasant

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. It also provides commercial, financial, and agricultural loans; equipment financing and leasing; real estate–1-4 family mortgage; real estate–commercial mortgage; real estate–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.