Stock analysts expect Renasant Co. (NASDAQ:RNST) to report earnings of $0.59 per share for the current fiscal quarter, according to Zacks. Four analysts provided earnings estimates for Renasant. The highest EPS estimate is $0.63 and the lowest is $0.53. Renasant posted earnings of $0.85 per share in the same quarter last year, which would indicate a negative 30.6% year-over-year growth rate. The company is expected to release its next quarterly results on Tuesday, April 26.

According to Zacks, analysts expect Renasant to report annual earnings of $2.52 per share for the current year, with EPS estimates ranging from $2.32 to $2.75. For next year, analysts expect the company to report earnings of $2.73 per share, with EPS estimates ranging from $2.44 to $3.00. Zacks Investment Research’s EPS calculations are an average average based on a survey of analysts who provide coverage for Renasant.

Renasant Inc (NASDAQ:RNST) last reported quarterly results on Tuesday, January 25. The financial services provider reported EPS of $0.68 for the quarter, beating Thomson Reuters consensus estimate of $0.64 by $0.04. Renasant had a net margin of 23.63% and a return on equity of 7.71%. The company posted revenue of $159.50 million for the quarter, versus analyst estimates of $149.73 million. In the same quarter a year earlier, the company posted EPS of $0.68. Renasant’s quarterly revenue decreased 13.7% year over year.

Separately, Zacks Investment Research upgraded Renasant shares from a “hold” rating to a “buy” rating and set a target price of $42.00 on the stock in a research note on Saturday, January 1.

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Point72 Hong Kong Ltd bought a new position in Renasant during Q3 for a value of around $67,000. Pinz Capital Management LP acquired a new position in Renasant during the second quarter worth $112,000. Janus Henderson Group PLC acquired a new position in shares of Renasant in the third quarter worth $205,000. Inspire Investing LLC acquired a new position in shares of Renasant in the third quarter worth $240,000. Finally, CIBC Asset Management Inc. increased its stake in Renasant shares by 5.9% in the third quarter. CIBC Asset Management Inc. now owns 6,709 shares of the financial services provider valued at $242,000 after acquiring 374 additional shares last quarter. Hedge funds and other institutional investors hold 77.55% of the company’s shares.

Shares of RNST traded at $0.75 during midday trading on Monday, reaching $36.78. 594,978 shares of the company were traded, against an average volume of 306,519. Renasant has a 12-month low of $32.06 and a 12-month high of $46.97. The company has a fifty-day moving average of $38.05 and a two-hundred-day moving average of $37.01. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt ratio of 0.21. The stock has a market capitalization of $2.05 billion, a price-earnings ratio of 12.22 and a beta of 1.17.

The company also recently declared a quarterly dividend, which was paid on Saturday, January 1. Investors of record on Friday, December 17 received a dividend of $0.22 per share. This represents an annualized dividend of $0.88 and a yield of 2.39%. The ex-dividend date was Thursday, December 16. Renasant’s payout ratio is currently 29.24%.

About Renasant

Renasant Corp. is a bank holding company that provides financial, trust and insurance services. It operates through the following segments: community banks, insurance, wealth management and others. The community banking segment provides banking and financial services to individuals and small and medium-sized businesses, including checking and savings accounts, business and personal loans, interim construction loans, specialized commercial loans, as well as as safes and night deposits.

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