Last Updated: 10 Nov 2024
Executive Summary
Renasant Corporation (RNST) is a bank holding company with a market capitalization of $2.37 billion. The company has a solid financial position with a trailing PE ratio of 11.96 and a forward PE ratio of 13.93. The stock is currently trading at $37.21, which is below its 52-week high of $38.46 and above its 52-week low of $24.37. Analysts have a consensus rating of "Buy" on the stock, with a target price of $39.
Company Overview
Renasant Corporation is a bank holding company for Renasant Bank, which provides a variety of financial, wealth management, trust and insurance services to retail and commercial clients. The company is headquartered in Tupelo, Mississippi and has operations in Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, Missouri, Tennessee and Texas.
Fundamental Analysis
Renasant Corporation has a strong financial position with a trailing PE ratio of 11.96 and a forward PE ratio of 13.93. The company has a book value of $41.82 per share and a dividend yield of 2.39%. The company's profit margin is 26.1% and its operating margin is 50.1%. The company's return on assets is 1.02% and its return on equity is 7.31%.
Technical Analysis
The stock is currently trading at $37.21, which is below its 52-week high of $38.46 and above its 52-week low of $24.37. The stock's 50-day moving average is $33.24 and its 200-day moving average is $31.66. The stock's relative strength index (RSI) is 55.77, which indicates that the stock is neither overbought nor oversold.
Short Term Outlook
The stock is expected to continue to trade in a range between $33 and $38 in the short term. The stock's 50-day moving average is acting as support and the stock's 200-day moving average is acting as resistance. The stock's RSI is indicating that the stock is neither overbought nor oversold.
Long Term Outlook
The stock is expected to continue to perform well in the long term. The company has a strong financial position and is well-positioned to benefit from the rising interest rate environment. The stock's target price is $39, which represents a potential upside of 5.1%.
Analyst Recommendations
Analysts have a consensus rating of "Buy" on the stock, with a target price of $39. One analyst has a "Strong Buy" rating on the stock, four analysts have a "Buy" rating on the stock, two analysts have a "Hold" rating on the stock, and zero analysts have a "Sell" or "Strong Sell" rating on the stock.
