Renasant (NASDAQ:RNST – Get Free Report) announced its quarterly earnings results on Tuesday. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.02, Briefing.com reports. The business had revenue of $254.56 million during the quarter, compared to the consensus estimate of $159.60 million. Renasant had a net margin of 14.67% and a return on equity of 7.44%. During the same quarter last year, the firm posted $0.82 EPS.
Renasant Stock Performance
Shares of RNST traded up $0.09 during midday trading on Friday, hitting $30.00. 3,319 shares of the stock traded hands, compared to its average volume of 239,129. The firm has a market capitalization of $1.69 billion, a PE ratio of 12.20 and a beta of 1.03. The business’s 50 day moving average price is $30.31 and its two-hundred day moving average price is $29.87. Renasant has a 1-year low of $22.99 and a 1-year high of $34.85. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 0.93.
Renasant Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.93%. The ex-dividend date is Friday, June 14th. Renasant’s dividend payout ratio (DPR) is 35.77%.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Analysis on Renasant
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.
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