Renasant (NASDAQ:RNST – Get Free Report) issued its quarterly earnings results on Tuesday. The financial services provider reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.07, Yahoo Finance reports. Renasant had a return on equity of 6.94% and a net margin of 16.83%. The business had revenue of $318.34 million during the quarter, compared to analysts’ expectations of $184.73 million. During the same quarter in the prior year, the business posted $0.75 earnings per share.
Renasant Price Performance
Shares of NASDAQ RNST traded down $0.57 during mid-day trading on Thursday, hitting $33.65. 447,358 shares of the company’s stock traded hands, compared to its average volume of 396,880. The company has a market capitalization of $2.17 billion, a P/E ratio of 10.96 and a beta of 1.02. Renasant has a 1 year low of $23.51 and a 1 year high of $37.40. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.93 and a quick ratio of 0.92. The company’s 50-day moving average is $33.01 and its two-hundred day moving average is $31.66.
Renasant Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a $0.22 dividend. The ex-dividend date was Monday, September 16th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.62%. Renasant’s dividend payout ratio (DPR) is presently 28.66%.
Analysts Set New Price Targets
Check Out Our Latest Stock Report 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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