RNST - Renasant Corp Stock Price, Fair Value and News

29.94USD+0.03 (+0.10%)Delayed as of 26 Apr 2024, 10:09 am ET

Market Summary

USD29.94+0.03

Delayedas of 26 Apr 2024, 10:09 am

0.10%

RNST Stock Price

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RNST RSI Chart

RNST Valuation

Market Cap

1.7B

Price/Earnings (Trailing)

11.62

Price/Sales (Trailing)

2.11

EV/EBITDA

1.79

Price/Free Cashflow

13.25

RNST Price/Sales (Trailing)

RNST Profitability

EBT Margin

22.22%

Return on Equity

6.3%

Return on Assets

0.83%

Free Cashflow Yield

7.55%

RNST Fundamentals

RNST Revenue

Revenue (TTM)

797.3M

Rev. Growth (Yr)

27.48%

Rev. Growth (Qtr)

2.31%

RNST Earnings

Earnings (TTM)

144.7M

Earnings Growth (Yr)

-39.23%

Earnings Growth (Qtr)

-32.77%

Breaking Down RNST Revenue

52 Week Range

23.4731.93

(Low)(High)

Last 7 days

4.0%

Last 30 days

1.1%

Last 90 days

-10.1%

Trailing 12 Months

8.8%

How does RNST drawdown profile look like?

RNST Financial Health

Debt/Equity

0.19

Debt/Cashflow

0.35

RNST Investor Care

Dividend Yield

2.94%

Dividend/Share (TTM)

0.88

Shares Dilution (1Y)

0.35%

Diluted EPS (TTM)

2.56

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2023	615.7M	689.4M	752.0M	797.3M
2022	457.1M	459.5M	488.7M	541.8M
2021	489.7M	486.8M	478.7M	468.7M
2020	535.7M	521.8M	509.4M	498.1M
2019	498.6M	529.9M	546.5M	542.6M
2018	393.2M	412.2M	429.3M	461.9M
2017	334.8M	338.3M	356.0M	374.8M
2016	285.1M	312.4M	321.1M	329.1M
2015	224.4M	222.9M	240.8M	263.0M
2014	197.8M	216.2M	227.9M	226.4M
2013	157.8M	157.7M	163.2M	180.6M
2012	167.3M	163.5M	160.7M	159.3M
2011	169.5M	174.9M	173.5M	170.7M
2010	0	168.8M	167.1M	165.3M
2009	0	0	0	170.6M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

Try For Just $1.99

Tracking the Latest Insider Buys and Sells of Renasant Corp

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 23, 2024	heyer richard	acquired	-	-	2,356	-
Apr 23, 2024	creekmore john	acquired	-	-	2,356	-
Apr 23, 2024	dale albert j iii	acquired	-	-	2,356	-
Apr 23, 2024	butler gary d.	acquired	-	-	2,356	-
Apr 23, 2024	foy john	acquired	-	-	2,356	-
Apr 23, 2024	flenorl rose j.	acquired	-	-	2,356	-
Apr 23, 2024	deer jill v	acquired	-	-	2,356	-
Apr 23, 2024	holland neal a jr	acquired	-	-	2,356	-
Apr 23, 2024	mcgraw edward robinson	acquired	-	-	2,356	cob & exec chair
Apr 23, 2024	suggs sean m.	acquired	-	-	2,356	-

Which funds bought or sold RNST recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 23, 2024	Louisiana State Employees Retirement System	reduced	-1.07	-75,712	870,696	0.02%
Apr 23, 2024	AMALGAMATED BANK	reduced	-14.57	-142,000	549,000	-%
Apr 23, 2024	FIFTH THIRD BANCORP	unchanged	-	-34.00	438	-%
Apr 22, 2024	MetLife Investment Management, LLC	unchanged	-	213,585	960,419	0.01%
Apr 22, 2024	Raymond James Financial Services Advisors, Inc.	unchanged	-	-25,471	338,037	-%
Apr 22, 2024	RAYMOND JAMES & ASSOCIATES	reduced	-0.18	-28,429	367,791	-%
Apr 19, 2024	Maryland State Retirement & Pension System	unchanged	-	-105,897	581,310	0.01%
Apr 19, 2024	State of Alaska, Department of Revenue	reduced	-0.98	-92,000	1,071,000	0.01%
Apr 18, 2024	SJS Investment Consulting Inc.	unchanged	-	-33.00	439	-%
Apr 18, 2024	FARMERS & MERCHANTS INVESTMENTS INC	unchanged	-	-97.00	1,284	-%

Are Funds Buying or Selling RNST?

Are funds buying RNST calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own RNST

No. of Funds

Unveiling Renasant Corp's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	11.43%	6,416,896	SC 13G/A
Feb 09, 2024	dimensional fund advisors lp	7.0%	3,913,034	SC 13G/A
Feb 07, 2024	victory capital management inc	5.85%	3,282,940	SC 13G
Jan 23, 2024	blackrock inc.	14.6%	8,203,505	SC 13G/A
Feb 10, 2023	dimensional fund advisors lp	7.3%	4,070,002	SC 13G/A
Feb 09, 2023	vanguard group inc	11.48%	6,422,592	SC 13G/A
Feb 06, 2023	victory capital management inc	2.64%	1,476,992	SC 13G/A
Jan 23, 2023	blackrock inc.	14.7%	8,244,471	SC 13G/A
Feb 10, 2022	vanguard group inc	10.77%	6,003,946	SC 13G
Feb 08, 2022	dimensional fund advisors lp	6.6%	3,699,077	SC 13G/A

Recent SEC filings of Renasant Corp

View All Filings

Date Filed	Form Type	Document
Apr 25, 2024	8-K	Current Report
Apr 24, 2024	4	Insider Trading
Apr 24, 2024	4	Insider Trading
Apr 24, 2024	4	Insider Trading
Apr 24, 2024	4	Insider Trading
Apr 24, 2024	4	Insider Trading
Apr 24, 2024	4	Insider Trading
Apr 24, 2024	4	Insider Trading
Apr 24, 2024	4	Insider Trading
Apr 24, 2024	4	Insider Trading

Peers (Alternatives to Renasant Corp)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JPM	556.9B	171.1B	-1.23%	42.96%	11.24	3.25	60.72%	31.52%
BAC	298.3B	130.3B	2.16%	33.23%	11.25	2.29	79.51%	-3.68%
WFC	214.2B	85.7B	5.65%	51.75%	11.19	2.5	41.49%	39.96%
C	118.1B	133.3B	0.19%	33.28%	12.8	0.89	79.09%	-
CFG	16.1B	10.2B	0.49%	19.99%	9.98	1.57	44.53%	-22.43%
KEY	13.6B	7.9B	-2.99%	38.35%	14.11	1.72	46.47%	-49.56%
MID-CAP
CMA	6.9B	4.2B	0.27%	28.36%	7.84	1.65	56.25%	-23.46%
ZION	6.1B	3.9B	0.15%	56.31%	8.99	1.55	45.91%	-25.03%
ABCB	3.3B	1.3B	1.98%	45.44%	12.19	2.56	43.24%	-22.35%
ASB	3.2B	2.0B	4.09%	22.34%	17.64	1.65	70.97%	-50.03%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
ALRS	405.4M	164.9M	-2.75%	45.78%	34.66	2.46	42.66%	-70.76%
AROW	375.3M	162.6M	-6.28%	5.24%	12.48	2.31	25.39%	-38.37%
ACNB	282.4M	96.6M	-5.74%	8.07%	8.91	2.92	11.02%	-11.37%
ASRV	47.8M	60.9M	1.82%	-1.75%	-14.3	0.79	24.06%	-144.92%

Renasant Corp News

Latest updates

Renasant Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	2.3%	210	206	197	184	165	143	123	110	112	114	121	122	122	122	124	130	133	134	138	137	137
EBITDA Margin	-10.6%	0.92*	1.03*	1.14*	1.27*	1.36*	1.42*	1.43*	1.43*	1.48*	1.44*	1.39*	1.32*	-	-	-	-	-	-	-	-	-
Interest Expenses	-1.1%	126	127	130	136	138	130	114	100	101	103	110	110	108	106	106	107	109	109	113	113	115
Income Taxes	-64.8%	4.00	11.00	7.00	11.00	13.00	14.00	11.00	8.00	11.00	11.00	8.00	17.00	7.00	8.00	5.00	1.00	9.00	11.00	14.00	14.00	13.00
Earnings Before Taxes	-39.3%	32.00	53.00	35.00	57.00	59.00	60.00	51.00	41.00	48.00	51.00	48.00	75.00	38.00	38.00	25.00	3.00	48.00	49.00	61.00	59.00	58.00
EBT Margin	-18.3%	0.22*	0.27*	0.31*	0.37*	0.39*	0.41*	0.42*	0.41*	0.48*	0.44*	0.41*	0.36*	-	-	-	-	-	-	-	-	-
Net Income	-32.8%	28.00	42.00	29.00	46.00	46.00	47.00	40.00	34.00	37.00	40.00	41.00	58.00	32.00	30.00	20.00	2.00	38.00	37.00	47.00	45.00	44.00
Net Income Margin	-16.2%	0.18*	0.22*	0.24*	0.29*	0.31*	0.32*	0.33*	0.33*	0.38*	0.36*	0.33*	0.28*	-	-	-	-	-	-	-	-	-
Free Cashflow	25.9%	95.00	76.00	-28.27	-15.62	106	109	140	204	49.00	37.00	96.00	-59.42	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	1.0%	17,361	17,182	17,224	17,474	16,988	16,471	16,618	16,864	16,810	16,156	16,022	15,623	14,930	14,809	14,897	13,901	13,401	13,040	12,893	12,862	12,935
Cash Equivalents	8.1%	801	741	947	848	576	480	1,010	1,607	1,878	1,476	1,605	1,262	633	414	617	638	415	410	444	562	569
Net PPE	-100.0%	-	284	286	287	284	284	284	285	293	294	293	301	300	300	302	307	310	307	291	267	209
Goodwill	0%	992	992	992	992	992	946	946	946	940	940	940	940	940	940	940	940	940	940	933	933	933
Liabilities	0.8%	15,063	14,948	15,016	15,287	14,852	14,379	14,501	14,726	14,600	13,952	13,819	13,449	12,797	12,705	12,814	11,830	11,275	10,920	10,773	10,774	10,891
Short Term Borrowings	185.7%	308	108	257	732	712	313	113	111	14.00	11.00	15.00	12.00	21.00	43.00	342	803	489	206	139	88.00	388
Long Term Debt	0.5%	429	427	430	431	428	427	432	435	471	469	469	468	475	475	377	377	377	228	263	263	264
Shareholder's Equity	2.9%	2,297	2,233	2,209	2,187	2,136	2,092	2,117	2,138	2,210	2,204	2,204	2,174	2,133	2,104	2,083	2,071	2,126	2,120	2,120	2,089	2,044
Retained Earnings	1.7%	952	937	907	891	858	824	790	763	742	717	689	661	616	597	579	572	617	592	567	533	501
Additional Paid-In Capital	0.3%	1,308	1,305	1,302	1,299	1,302	1,299	1,298	1,297	1,300	1,298	1,296	1,295	1,297	1,295	1,293	1,291	1,294	1,292	1,289	1,288	1,289
Shares Outstanding	0.0%	56.00	56.00	56.00	56.00	56.00	56.00	56.00	56.00	56.00	56.00	56.00	56.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	1,430	-	-	-	1,566	-	-	-	2,197	-	-	-	1,342	-	-	-	2,019	-	-

Cashflow (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	26.1%	100	80.00	-24.16	-7.38	111	113	144	206	52.00	41.00	106	-56.79	38.00	-10.87	178	-123	134	-14.93	-95.29	140	80.00
Share Based Compensation	0.8%	3.00	3.00	3.00	3.00	3.00	2.00	3.00	3.00	2.00	3.00	2.00	3.00	2.00	2.00	3.00	3.00	2.00	3.00	2.00	3.00	2.00
Cashflow From Investing	21.8%	-144	-184	427	-153	-456	-500	-502	-584	-287	-271	-129	29.00	90.00	-66.23	-1,158	-130	-453	-107	30.00	25.00	-30.62
Cashflow From Financing	203.9%	104	-100	-303	432	442	-144	-238	109	637	102	367	656	91.00	-125	960	476	325	88.00	-53.22	-172	150
Dividend Payments	0.0%	13.00	13.00	13.00	13.00	13.00	12.00	12.00	13.00	12.00	12.00	13.00	13.00	13.00	13.00	13.00	13.00	13.00	13.00	13.00	12.00	12.00
Buy Backs	-	-	-	-	-	-	-	-	-	0.00	21.00	-	-	-	-	-	25.00	21.00	29.00	13.00	-	7.00

RNST Income Statement

2023-12-31

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
Consolidated Statements of Income - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Interest income
Loans	$ 716,456	$ 479,910	$ 435,464
Securities
Taxable	44,482	45,523	24,732
Tax-exempt	6,006	7,524	6,800
Other	30,375	8,853	1,689
Total interest income	797,319	541,810	468,685
Interest expense
Deposits	232,331	35,208	28,976
Borrowings	45,661	25,304	15,708
Total interest expense	277,992	60,512	44,684
Net interest income	519,327	481,298	424,001
Provision for (recovery of) credit losses on loans	18,793	23,788	(1,700)
(Recovery of) provision for credit losses on unfunded commitments	(3,200)	83	(500)
Provision for credit losses on held to maturity securities	0	0	32
Provision for (recovery of) credit losses	15,593	23,871	(2,168)
Net interest income after provision for (recovery of) credit losses	503,734	457,427	426,169
Noninterest income
Service charges on deposit accounts	39,199	39,957	36,569
Fees and commissions	17,901	17,268	15,732
Insurance commissions	11,102	10,754	9,841
Wealth management revenue	22,132	22,339	20,455
Mortgage banking income	32,413	35,794	109,604
Swap termination gains	0	0	4,676
Gain on debt extinguishment	620	0	0
Net (losses) gains on sales of securities	(22,438)	0	2,170
Impairment losses on securities	(19,352)	0	0
BOLI income	10,463	9,267	7,366
Other	21,035	13,874	20,571
Total noninterest income	113,075	149,253	226,984
Noninterest expense
Salaries and employee benefits	281,768	261,654	280,627
Data processing	15,195	14,900	21,726
Net occupancy and equipment	46,471	44,819	46,837
Other real estate owned	267	(453)	253
Professional fees	13,671	11,872	11,776
Advertising and public relations	14,726	14,325	12,203
Intangible amortization	5,380	5,122	6,042
Communications	8,238	7,958	8,869
Merger and conversion related expenses	0	1,787	0
Restructuring charges	0	732	368
Debt prepayment penalty	0	0	6,123
Other	53,906	32,656	35,502
Total noninterest expense	439,622	395,372	430,326
Income before income taxes	177,187	211,308	222,827
Income taxes	32,509	45,240	46,935
Net income (loss)	$ 144,678	$ 166,068	$ 175,892
Basic earnings per share (usd per share)	$ 2.58	$ 2.97	$ 3.13
Diluted earnings per share (usd per share)	2.56	2.95	3.12
Cash dividends per common share (usd per share)	$ 0.88	$ 0.88	$ 0.88

RNST Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Assets
Cash and due from banks	$ 206,680	$ 193,513
Interest-bearing balances with banks	594,671	382,479
Cash and cash equivalents	801,351	575,992
Securities held to maturity (net of allowance for credit losses of $32 at both December 31, 2023 and 2022) (fair value of $1,121,830 and $1,206,540, respectively)	1,221,464	1,324,040
Securities available for sale, at fair value	923,279	1,533,942
Loans held for sale, at fair value	179,756	110,105
Loans, net of unearned income:
Loans held for investment, net of unearned income	12,351,230	11,578,304
Allowance for credit losses	(198,578)	(192,090)
Loans, net	12,152,652	11,386,214
Premises and equipment, net	283,195	283,595
Other real estate owned:
Other real estate owned, net	9,622	1,763
Goodwill	991,665	991,708
Other intangible assets, net	18,795	24,176
Bank-owned life insurance	382,584	373,808
Mortgage servicing rights	91,688	84,448
Other assets	304,484	298,385
Total assets	17,360,535	16,988,176
Deposits
Noninterest-bearing	3,583,675	4,558,756
Interest-bearing	10,493,110	8,928,210
Total deposits	14,076,785	13,486,966
Short-term borrowings	307,577	712,232
Long-term debt	429,400	428,133
Other liabilities	249,390	224,829
Total liabilities	15,063,152	14,852,160
Shareholders’ equity
Preferred stock, $0.01 par value – 5,000,000 shares authorized; no shares issued and outstanding	0	0
Common stock, $5.00 par value – 150,000,000 shares authorized; 59,296,725 shares issued; 56,142,207 and 55,953,104 shares outstanding, respectively	296,483	296,483
Treasury stock, at cost, 3,154,518 and 3,343,621 shares, respectively	(105,249)	(111,577)
Additional paid-in capital	1,308,281	1,302,422
Retained earnings	952,124	857,725
Accumulated other comprehensive loss, net of taxes	(154,256)	(209,037)
Total shareholders’ equity	2,297,383	2,136,016
Total liabilities and shareholders’ equity	$ 17,360,535	$ 16,988,176

About Renasant Corp

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 factoring 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 estateÃ‚â€“1-4 family mortgage; real estateÃ‚â€“commercial mortgage; real estateÃ‚â€“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. The Insurance segment provides insurance agency services, such as commercial and personal insurance products through insurance carriers. The Wealth Management segment offers a range of wealth management and fiduciary services, including administration and management of trust accounts, such as personal and corporate benefit accounts, and custodial accounts, as well as accounting and money management for trust accounts; annuities, mutual funds, and other investment services through a third party broker-dealer; administrative and compliance services; and qualified retirement plans, IRAs, employee benefit plans, personal trusts, and estates. Renasant Corporation was founded in 1904 and is headquartered in Tupelo, Mississippi.

CEO	Mr. C. Mitchell Waycaster
WEBSITE	https://investors.renasant.com
INDUSTRY	Banks Diversified
EMPLOYEES	2334

Renasant Corp Frequently Asked Questions

What is the ticker symbol for Renasant Corp? What does RNST stand for in stocks?

RNST is the stock ticker symbol of Renasant Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Renasant Corp (RNST)?

As of Thu Apr 25 2024, market cap of Renasant Corp is 1.68 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of RNST stock?

You can check RNST's fair value in chart for subscribers.

What is the fair value of RNST stock?

You can check RNST's fair value in chart for subscribers. The fair value of Renasant Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Renasant Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for RNST so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Renasant Corp a good stock to buy?

The fair value guage provides a quick view whether RNST is over valued or under valued. Whether Renasant Corp is cheap or expensive depends on the assumptions which impact Renasant Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for RNST.

What is Renasant Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Thu Apr 25 2024, RNST's PE ratio (Price to Earnings) is 11.62 and Price to Sales (PS) ratio is 2.11. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. RNST PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Renasant Corp's stock?

In the past 10 years, Renasant Corp has provided 0.027 (multiply by 100 for percentage) rate of return.