Renasant Corp (NYSE:RNST) price on Friday, May 23, fall -0.20% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $34.63.
A look at the stock’s price movement, the close in the last trading session was $34.70. The PE ratio in trailing twelve months stood at 10.80. Turning to its 52-week performance, $39.63 and $26.97 were the 52-week high and 52-week low respectively. Overall, RNST moved 7.88% over the past month.
Renasant Corp’s market cap currently stands at around $3.29 billion, with investors looking forward to this quarter’s earnings report slated for in June. The company has a Forward Dividend ratio of 0.88, with its dividend yield at 2.54%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 263.97M for the company’s revenue for the quarter, with a low and high estimate of 258.4M and 266.1M respectively. The average forecast suggests up to a 58.67% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 975.59M, representing a 34.34% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that RNST is a Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend RNST as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
RNST’s current price about 1.24% and 5.83% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 56.99, while 7-day volatility ratio is 1.12% and 1.71% in the 30-day chart. Further, Renasant Corp (RNST) has a beta value of 0.92, and an average true range (ATR) of 0.95. Analysts have given the company’s stock an average 52-week price target of $40, forecast between a low of $40 and high of $40. Looking at the price targets, the low is -15.51% off current price level while to achieve the yearly target high, price needs to move -15.51%. Nonetheless, investors will most likely welcome a -15.51% jump to $40 which is the analysts’ median price.
If we refocus on Renasant Corp (NYSE:RNST), historical trading data shows that trading volumes averaged 1.00 million over the past 3 months. The company’s latest data on shares outstanding shows there are 95.01 million shares.
The 2.96% of Renasant Corp’s shares are in the hands of company insiders while institutional holders own 68.32% of the company’s shares. Current price change has pushed the stock -3.13% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the RNST stock continues to rise going into the next quarter.
