Renasant (NASDAQ:RNST – Get Free Report) announced its earnings results on Tuesday. The financial services provider reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.07, Yahoo Finance reports. The company had revenue of $318.34 million for the quarter, compared to analyst estimates of $184.73 million. Renasant had a return on equity of 6.98% and a net margin of 15.04%. During the same quarter last year, the company earned $0.75 earnings per share.
Renasant Stock Performance
NASDAQ RNST traded up $1.48 on Wednesday, hitting $33.95. 33,271 shares of the stock traded hands, compared to its average volume of 393,263. The business’s fifty day moving average is $32.94 and its two-hundred day moving average is $31.63. Renasant has a 12 month low of $22.99 and a 12 month high of $37.40. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 13.20 and a beta of 1.02. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.92 and a current ratio of 0.93.
Renasant Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend was Monday, September 16th. Renasant’s dividend payout ratio (DPR) is 35.77%.
Analysts Set New Price Targets
Read Our Latest 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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