Renasant Corporation

Company Profile

Renasant Corporation had its IPO on 1992-04-24 under the ticker symbol RNST.

The company operates in the Financial Services sector and Banks-Regional industry. Renasant Corporation has a staff strength of 2,334 employees.

Stock update

Shares of Renasant Corporation opened at $26.13 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $25.96 - $26.39, and closed at $26.26.

This is a +0.77% increase from the previous day's closing price.

A total volume of 122,005 shares were traded at the close of the day’s session.

In the last one week, shares of Renasant Corporation have slipped by -7.47%.

Renasant Corporation's Key Ratios

Renasant Corporation has a market cap of $1.46 billion, indicating a price to book ratio of 1.0668 and a price to sales ratio of 3.4565.

In the last 12-months Renasant Corporation’s revenue was $632.00 million with a gross profit of $606.76 million and an EBITDA of $0. The EBITDA ratio measures Renasant Corporation's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Renasant Corporation’s operating margin was 34.55% while its return on assets stood at 0.99% with a return of equity of 7.75%.

In Q2, Renasant Corporation’s quarterly earnings growth was a negative -28.1% while revenue growth was a negative 2.9%.

Renasant Corporation’s PE and PEG Ratio

Forward PE

11.9048

Trailing PE

8.745

PEG

1.8

Its diluted EPS in the last 12-months stands at $2.98 per share while it has a forward price to earnings multiple of 11.9048 and a PEG multiple of 1.8. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Renasant Corporation’s profitability.

Renasant Corporation stock is trading at a EV to sales ratio of 0 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 3.4565.

Renasant Corporation stock pays annual dividends of $0.88 per share, indicating a yield of 3.35% and a payout ratio of 26.43%.

Balance sheet and cash flow metrics

Total Assets

$17.22 billion

Total Liabilities

$257.31 million

Operating Cash Flow

$427.34 million

Capital Expenditure

$4.12 million

Dividend Payout Ratio

26.43%

Renasant Corporation ended 2024 with $17.22 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $17.22 billion while shareholder equity stood at $2.21 billion.

Renasant Corporation ended 2024 with $0 in deferred long-term liabilities, $257.31 million in other current liabilities, 296483000.00 in common stock, $907.31 million in retained earnings and $1.01 billion in goodwill. Its cash balance stood at $946.90 million and cash and short-term investments were $1.90 billion. The company’s total short-term debt was $257,305,000 while long-term debt stood at $429.63 million.

Renasant Corporation’s total current assets stands at $2.02 billion while long-term investments were $2.22 billion and short-term investments were $950.93 million. Its net receivables were $122.37 million compared to accounts payable of $0 and inventory worth $0.

In 2024, Renasant Corporation's operating cash flow was $427.34 million while its capital expenditure stood at $4.12 million.

Comparatively, Renasant Corporation paid $0.26 in dividends in 2024.

Other key metrics

Current Trading Price

$26.26

52-Week High

$40.9227

52-Week Low

$23.2934

Analyst Target Price

$33.5

Renasant Corporation stock is currently trading at $26.26 per share. It touched a 52-week high of $40.9227 and a 52-week low of $40.9227. Analysts tracking the stock have a 12-month average target price of $33.5.

Its 50-day moving average was $28.81 and 200-day moving average was $31.4 The short ratio stood at 6.27 indicating a short percent outstanding of 0%.

Around 266.9% of the company’s stock are held by insiders while 7753.7% are held by institutions.