Renasant (NASDAQ:RNST – Get Free Report) announced its quarterly earnings results on Tuesday. The financial services provider reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.02, Briefing.com reports. Renasant had a net margin of 15.94% and a return on equity of 7.98%. The firm had revenue of $254.56 million during the quarter, compared to the consensus estimate of $159.60 million. During the same quarter last year, the firm earned $0.82 EPS.
Renasant Stock Down 4.9 %
RNST stock traded down $1.49 during trading on Wednesday, hitting $29.02. 15,278 shares of the company’s stock traded hands, compared to its average volume of 234,365. The firm has a market capitalization of $1.63 billion, a P/E ratio of 11.40 and a beta of 1.03. The business has a fifty day simple moving average of $30.37 and a two-hundred day simple moving average of $29.87. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 0.19. Renasant has a 1 year low of $22.99 and a 1 year high of $34.85.
Renasant Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 3.03%. The ex-dividend date is Friday, June 14th. Renasant’s payout ratio is 34.11%.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Report on RNST
About Renasant
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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