Renasant Corp Gets a Hold Rating from Jefferies

By Jason Carr

In a report released today, Ken Usdin from Jefferies reiterated a Hold rating on Renasant Corp (NASDAQ: RNST), with a price target of $44. The company’s shares opened today at $43.26, close to its 52-week high of $44.65.

According to, Usdin is a top 100 analyst with an average return of 19.0% and a 72.8% success rate. Usdin covers the Financial sector, focusing on stocks such as Government Properties Income Trust, Old National Bancorp Capital, and Discover Financial Services.

Currently, the analyst consensus on Renasant Corp is Moderate Buy and the average price target is $45, representing a 4.0% upside.

In a report issued on May 26, KBW also reiterated a Hold rating on the stock with a $43 price target.

Renasant Corp’s market cap is currently $1.9B and has a P/E ratio of 19.65. The company has a book value ratio of 1.5202.

Based on the recent corporate insider activity of 94 insiders, corporate insider sentiment is negative on the stock. Last month, Michael Shmerling, a Director at RNST bought 500 shares for a total of $21,065.

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Renasant Corp. is a bank holding company, which engages in the provision of financial, fiduciary, and insurance services through its the Renasant Bank. It operates through the following segments: Community Banks, Insurance, Wealth Management, and Other. The Community Banks segment delivers 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 includes full service insurance agency offering lines of commercial and personal insurance. The Wealth Management segment provides fiduciary services which includes the administration and management of trust accounts including personal and corporate benefit accounts, self directed individual retirement arrangements, and custodial accounts. The Other segment comprises of the operations of the holding company and other eliminations. The company was founded in 1982 and is headquartered in Tupelo, MS.