Renasant Corporation (NASDAQ:RNST) is expected to report third quarter earnings results, after market close, on Tuesday 27th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.51 per share.
Looking ahead, the full year income are expected at $ 1.42 per share on the revenues of $ 651.04 million.
Previous Quarter Performance
Renasant Corporation recorded income for the second quarter of $ 0.52 per share, from the revenue of $ 169.95 million. The quarterly earnings down 35.00 percent compared with the same quarter last year. The consensus estimates are income of $ 0.30 per share from $ 153.21 million in revenue. The bottom line results beat street analysts by $ 0.22 or 73.33 percent, at the same time, top line results outshined analysts by $ 16.74 million or 10.93 percent.
Stock Performance
Shares of Renasant Corporation traded up $ 0.30 or 1.04 percent on Friday, reaching $ 29.27 with volume of 369.30 thousand shares. Renasant Corporation has traded high as $ 29.63 and has cracked $ 28.72 on the downward trend
According to the previous trading day, closing price of $ 29.27, representing a 59.00 % increase from the 52 week low of $ 18.22 and a 21.36 % decrease over the 52 week high of $ 36.84.
The company has a market capital of $ 1.64 billion and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Analyst recommendations
- On 30th September 2020, maintained by Piper Sandler at Neutral rating, with $ 25.00 target price.
- On 15th September 2020, downgraded by DA Davidson to Neutral from Buy rating.
Renasant Corporation operates as a bank holding company for Renasant Bank, which provides a range of financial, wealth management, fiduciary, and insurance services to retail and commercial customers. It operates through three segments: Community Banks, Insurance, and Wealth Management. The Community Banks segment offers checking and savings accounts, business and personal loans, and equipment leasing services, as well as safe deposit and night depository facilities.
