Renasant Corporation (RNST): Let’s take a bird-eye on it

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Renasant Corporation (NASDAQ:RNST) changes shares on Tuesday trading session, with a change of 0.34% or $0.08 shares. The trading starts at $23.33 and closed at $23.45 throughout the day. The trading session low price was $23.16 and day high was $23.59 on Tuesday, August 04. After the session, the Financial sector daily volume shifted to 0.23 million while its average volume is 236.93K. In other hand, the RNST market cap reached to $1.35B. While, its current target price is $27.36.

On May 21, 2018, BRIEF-Renasant Corp Board Expanded Its Size By One To 14 Members. According to the news reported on Reuters, * RENASANT CORP SAYS ON MAY 16, BOARD EXPANDED ITS SIZE BY ONE TO 14 MEMBERS – SEC FILING Source text: (https://bit.ly/2LiYJ3Z) Further company coverage:

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -2.73% and up 1.42% for month. Its quarterly performance was 0.17% above, while its half year performance is down -27.59%. RNST yearly performance stood at negative -29.42% and fall -33.57% for year-to-date. Current recommendation for Renasant Corporation is 2.90.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. RNST EPS (TTM) for 12-month is 1.71. EPS for this year is 3.10%, while for the next year its value is 1.64. Sales growth for the current quarter is 1.38 while its EPS Q/Q reached -95.40%. It has an EPS of 8.90% up for past five years and for the next five years will be up 10.00%.

On the other hand, target price ranges from $25.00 – $28.50. Average target price for RNST was reached at $26.79.

The insider ownership moved to 3.50% and institutional holding shifted to 69.60%.

The company posted an EPS (TTM) of 1.71. According to the most recent quarter report on (Sep 2020), 8 analysts estimated an average EPS of 0.52, while 0.64 EPS posted a year ago period. Analyst Estimated EPS for RNST published in the report was $0.38 – $0.66 during the same period. Comparing with last year, the average estimated EPS was 0.64 which is higher than 0.36 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for RNST fall -17.65% for period of 200 days. SMA for 50 days was -1.80% which is showing red signal, while SMA-20 was 1.22%. The moving average value for Renasant Corporation (RNST) is 25.34 and 23.52 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in RNST stock. On Jun 03, HART R RICK, Director, sold 4,058 trading shares at the cost of $24.21, which valued at 98228.0. On May 14, FOY JOHN, Director, bought 1,000 shares at the cost of $19.50, with total shares of 40,381. On May 05, HEYER RICHARD, Director, bought 2,000 shares at the cost of 24.58. After this transaction, HEYER RICHARD total shares reached to 5,780 which valued at 49160.0.