Renasant (NASDAQ:RNST – Get Free Report) released its quarterly earnings data on Tuesday. The financial services provider reported $0.70 EPS for the quarter, topping the consensus estimate of $0.63 by $0.07, Yahoo Finance reports. The firm had revenue of $318.34 million for the quarter, compared to the consensus estimate of $184.73 million. Renasant had a return on equity of 6.98% and a net margin of 15.04%. During the same quarter in the previous year, the business earned $0.75 earnings per share.
Renasant Price Performance
Renasant stock traded up $1.48 during mid-day trading on Wednesday, hitting $33.95. The stock had a trading volume of 33,271 shares, compared to its average volume of 393,263. The firm’s 50 day moving average is $32.94 and its 200 day moving average is $31.63. Renasant has a one year low of $22.99 and a one year high of $37.40. The firm has a market capitalization of $1.91 billion, a P/E ratio of 13.20 and a beta of 1.02. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.18.
Renasant Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend was Monday, September 16th. Renasant’s dividend payout ratio is currently 35.77%.
Analysts Set New Price Targets
Get Our Latest Stock Analysis on Renasant
Renasant Company Profile
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.
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