Renasant Corp. (RNST) Analysts See $0.59 EPS

September 17, 2017 - By Darrin Black

 Renasant Corp. (RNST) Analysts See $0.59 EPS

Wall Street await Renasant Corp. (NASDAQ:RNST) to release earnings on October, 17. Analysts forecast earnings per share of $0.59, exactly $0.00 or 0.00 % from 2014’s $0.59 EPS. The expected RNST’s profit could reach $29.11M giving the stock 16.75 P/E in the case that $0.59 earnings per share is reported. After posting $0.61 EPS for the previous quarter, Renasant Corp.’s analysts now forecast -3.28 % negative EPS growth. It closed at $39.52 lastly. It is up 22.29% since September 17, 2016 and is uptrending. It has outperformed by 5.59% the S&P500.

Renasant Corp. (NASDAQ:RNST) Ratings Coverage

Among 5 analysts covering Renasant (NASDAQ:RNST), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. Renasant had 12 analyst reports since October 22, 2015 according to SRatingsIntel. On Tuesday, November 29 the stock rating was downgraded by Keefe Bruyette & Woods to “Mkt Perform”. Keefe Bruyette & Woods maintained Renasant Corp. (NASDAQ:RNST) rating on Friday, May 26. Keefe Bruyette & Woods has “Hold” rating and $4300 target. The stock of Renasant Corp. (NASDAQ:RNST) earned “Outperform” rating by Raymond James on Monday, September 12. Hilliard Lyons upgraded Renasant Corp. (NASDAQ:RNST) on Thursday, April 28 to “Buy” rating. The stock has “Hold” rating by Stephens on Wednesday, July 19. The stock of Renasant Corp. (NASDAQ:RNST) has “Hold” rating given on Friday, August 11 by Jefferies. The firm earned “Equal Weight” rating on Thursday, October 22 by Stephens. The firm has “Long-Term Buy” rating given on Thursday, January 21 by Hilliard Lyons. As per Friday, June 9, the company rating was maintained by Jefferies. The rating was downgraded by Jefferies on Monday, November 28 to “Hold”.

Renasant Corporation is a bank holding firm that owns and operates Renasant Bank and Renasant Insurance, Inc. (Renasant Insurance). The company has market cap of $1.95 billion. The Company’s divisions include Community Banks, which delivers a range of banking and financial services to individuals and small to medium-sized businesses, including checking and savings accounts, business and personal loans, equipment leasing, as well as safe deposit and night depository facilities; Insurance, which includes a full service insurance agency offering all lines of commercial and personal insurance through major carriers; Wealth Management, which offers a range of fiduciary services that includes the administration and management of trust accounts, including personal and corporate benefit accounts, and custodial accounts, and Other. It has a 17.9 P/E ratio. The Bank has its activities in Mississippi, Tennessee, Alabama, Florida and Georgia.

More notable recent Renasant Corp. (NASDAQ:RNST) news were published by: Prnewswire.com which released: “Renasant Announces Early Termination of All FDIC Loss Share Agreements” on December 08, 2016, also Prnewswire.com with their article: “Renasant Corporation and KeyWorth Bank Announce Definitive Merger Agreement” published on October 20, 2015, Prnewswire.com published: “Renasant Corporation and Metropolitan BancGroup, Inc. Announce Definitive …” on January 18, 2017. More interesting news about Renasant Corp. (NASDAQ:RNST) were released by: Streetinsider.com and their article: “Form 8-K RENASANT CORP For: May 08” published on May 08, 2017 as well as Prnewswire.com‘s news article titled: “Renasant Corporation Completes Merger with Metropolitan BancGroup, Inc.” with publication date: July 03, 2017.

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