Renasant Co. (NASDAQ:RNST) Shares Sold by Stieven Capital Advisors L.P.

Stieven Capital Advisors L.P. decreased its stake in shares of Renasant Co. (NASDAQ:RNST) by 2.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 359,450 shares of the financial services provider’s stock after selling 9,200 shares during the period. Renasant makes up 2.3% of Stieven Capital Advisors L.P.’s portfolio, making the stock its 15th biggest position. Stieven Capital Advisors L.P. owned about 0.57% of Renasant worth $12,850,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RNST. SG Americas Securities LLC increased its stake in shares of Renasant by 94.1% during the third quarter. SG Americas Securities LLC now owns 7,188 shares of the financial services provider’s stock valued at $234,000 after acquiring an additional 3,484 shares during the period. Creative Planning acquired a new position in shares of Renasant during the 3rd quarter valued at $207,000. Allspring Global Investments Holdings LLC raised its stake in shares of Renasant by 21.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,746,924 shares of the financial services provider’s stock worth $56,775,000 after buying an additional 303,945 shares in the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of Renasant by 8.5% in the third quarter. Louisiana State Employees Retirement System now owns 30,700 shares of the financial services provider’s stock valued at $998,000 after buying an additional 2,400 shares during the period. Finally, State of Alaska Department of Revenue boosted its stake in Renasant by 9.7% during the third quarter. State of Alaska Department of Revenue now owns 36,270 shares of the financial services provider’s stock valued at $1,178,000 after buying an additional 3,193 shares in the last quarter. 77.31% of the stock is currently owned by institutional investors.

Renasant Stock Up 0.2 %

NASDAQ:RNST opened at $38.46 on Friday. Renasant Co. has a 1-year low of $27.98 and a 1-year high of $39.63. The firm has a market capitalization of $2.45 billion, a price-to-earnings ratio of 11.76 and a beta of 1.03. The company has a current ratio of 0.96, a quick ratio of 0.94 and a debt-to-equity ratio of 0.16. The business’s fifty day moving average price is $36.66 and its 200 day moving average price is $35.01.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Piper Sandler boosted their price target on shares of Renasant from $41.00 to $44.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Raymond James reissued an “outperform” rating and set a $44.00 target price (up from $40.00) on shares of Renasant in a research note on Thursday, January 30th. Hovde Group lowered shares of Renasant from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 13th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $46.00 price objective (up previously from $45.00) on shares of Renasant in a research report on Thursday, January 30th. Finally, Stephens lifted their target price on Renasant from $44.00 to $47.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $42.83.

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.