Headlines about Renasant Corp. (NASDAQ:RNST) have been trending somewhat positive this week, according to AlphaOne Sentiment Analysis. The research group, a subsidiary of Accern, rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Renasant Corp. earned a news sentiment score of 0.11 on AlphaOne’s scale. AlphaOne also gave news headlines about the financial services provider an impact score of 69 out of 100, meaning that recent press coverage is likely to have an effect on the company’s share price in the next several days.
Here are some of the headlines that may have impacted AlphaOne’s analysis:
Shares of Renasant Corp. (NASDAQ:RNST) traded down 0.70% during midday trading on Friday, reaching $42.85. 140,737 shares of the company’s stock traded hands. The firm has a market cap of $1.90 billion, a PE ratio of 19.58 and a beta of 1.02. Renasant Corp. has a 12 month low of $30.21 and a 12 month high of $44.65. The stock has a 50-day moving average price of $40.77 and a 200 day moving average price of $40.00.
Renasant Corp. (NASDAQ:RNST) last released its earnings results on Tuesday, April 25th. The financial services provider reported $0.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.02. The firm had revenue of $106.04 million for the quarter, compared to analysts’ expectations of $109.87 million. Renasant Corp. had a net margin of 19.50% and a return on equity of 8.75%. During the same period in the previous year, the company earned $0.54 earnings per share. Equities research analysts predict that Renasant Corp. will post $2.18 earnings per share for the current year.
Several equities research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Renasant Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday. Jefferies Group LLC reiterated a “hold” rating and issued a $44.00 target price on shares of Renasant Corp. in a research note on Wednesday, April 5th.
In other Renasant Corp. news, CEO Edward Robinson Mcgraw sold 5,000 shares of the business’s stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $42.04, for a total value of $210,200.00. Following the transaction, the chief executive officer now directly owns 15,000 shares in the company, valued at $630,600. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Stuart Johnson sold 4,339 shares of the business’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $40.81, for a total transaction of $177,074.59. Following the completion of the transaction, the executive vice president now owns 8,084 shares in the company, valued at $329,908.04. The disclosure for this sale can be found here. Over the last quarter, insiders sold 48,870 shares of company stock worth $1,998,702. Corporate insiders own 5.18% of the company’s stock.
About Renasant Corp.
Renasant Corporation is a bank holding company that owns and operates Renasant Bank (the Bank) and Renasant Insurance, Inc (Renasant Insurance). The Company’s segments include Community Banks, which delivers a range of banking and financial services to individuals and small to medium-sized businesses, including checking and savings accounts, business and personal loans, equipment leasing, as well as safe deposit and night depository facilities; Insurance, which includes a full service insurance agency offering all lines of commercial and personal insurance through major carriers; Wealth Management, which offers a range of fiduciary services that includes the administration and management of trust accounts, including personal and corporate benefit accounts, and custodial accounts, and Other.