Renasant Corp. (RNST) Releases Earnings Results, Beats Expectations By $0.01 EPS

Renasant Corp. (RNST) announced its most recent quarterly financial results on Tuesday, Oct-18-2016. RNST said it had a profit of $0.59 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.58. Analysts expectations of $113.25 million. During the same quarter in the previous year, the company posted $0.53 EPS.

Many Wall Street Analysts have commented on Renasant Corp.. Renasant Corp. was Downgraded by Raymond James to ” Outperform” on Sep 12, 2016.

Renasant Corp. closed down -0.04 points or -0.12% at $32.88 with 1,27,483 shares getting traded on Friday. Post opening the session at $33.2, the shares hit an intraday low of $32.75 and an intraday high of $33.33 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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.

Renasant Corp.

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