Renasant Corp. (RNST) was Downgraded by Raymond James to ” Outperform”. Earlier the firm had a rating of “Strong Buy ” on the company shares. Raymond James advised their investors in a research report released on Sep 12, 2016.
Many Wall Street Analysts have commented on Renasant Corp.. Renasant Corp. was Downgraded by Raymond James to ” Outperform” on Sep 12, 2016.
On the company’s financial health, Renasant Corp. reported $0.59 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 19, 2016. Analyst had a consensus of $0.57.Analysts expectations of $ 112.17.During the same quarter in the previous year, the company posted $0.51 EPS.
Renasant Corp. opened for trading at $34.79 and hit $35.59 on the upside on Wednesday, eventually ending the session at $35.58, with a gain of 1.92% or 0.67 points. The heightened volatility saw the trading volume jump to 362,942 shares. Company has a market cap of $1,497 M.
In a different news, on Sep 1, 2016, Hugh S Jr Potts (director) sold 10,000 shares at $35.02 per share price. According to the SEC, on Aug 30, 2016, Fred F Sharpe (director) purchased 1,000 shares at $35.12 per share price. On Jul 25, 2016, R Rick Hart (SEVP) sold 4,000 shares at $33.15 per share price, according to the Form-4 filing with the securities and exchange commission.
Renasant Corporation is a bank holding company that owns and operates Renasant Bank (the Bank) and Renasant Insurance Inc. The Bank offers services including checking and savings accounts business and personal loans interim construction loans equipment leasing as well as safe deposit and night depository facilities. The Company operates in three segments: Community Banks segment which offers 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; the Insurance segment which includes a full service insurance agency offering lines of commercial and personal insurance and the Wealth Management segment which offers fiduciary services which includes the administration and management of trust accounts including personal and corporate benefit accounts custodial accounts and others.