Renasant (NASDAQ:RNST – Get Free Report) announced its earnings results on Tuesday. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.07, Yahoo Finance reports. Renasant had a return on equity of 6.98% and a net margin of 15.04%. The firm had revenue of $318.34 million during the quarter, compared to analyst estimates of $184.73 million. During the same quarter in the prior year, the company earned $0.75 EPS.
Renasant Stock Performance
RNST opened at $34.23 on Thursday. The company’s 50 day moving average is $32.99 and its 200 day moving average is $31.64. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.18. The company has a market cap of $1.93 billion, a price-to-earnings ratio of 13.91 and a beta of 1.02. Renasant has a 12-month low of $22.99 and a 12-month high of $37.40.
Renasant Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were paid a dividend of $0.22 per share. The ex-dividend date was Monday, September 16th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.57%. Renasant’s dividend payout ratio is currently 35.77%.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Report 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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