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. It operates through three segments: Community Banks, Insurance, and Wealth Management. The Community Banks segment offers checking and savings accounts, business and personal loans, asset-based lending, and equipment leasing services, as well as safe deposit and night depository facilities. It also provides commercial, financial, and agricultural loans; equipment financing and leasing; real estate1-4 family mortgage; real estatecommercial mortgage; real estateconstruction loans for the construction of single family residential properties, multi-family properties, and commercial projects; installment loans to individuals; and interim construction loans, as well as automated teller machine (ATM), online and mobile banking, call center, and treasury management services. The Insurance segment provides insurance agency services, such as commercial and personal insurance products through insurance carriers. The Wealth Management segment offers a range of wealth management and fiduciary services, including administration and management of trust accounts, such as personal and corporate benefit accounts, and custodial accounts, as well as accounting and money management for trust accounts; annuities, mutual funds, and other investment services through a third party broker-dealer; and qualified retirement plans, IRAs, employee benefit plans, personal trusts, and estates. As of December 31, 2021, the company operated a network of 189 banking, lending, and mortgage offices located in Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina, and Tennessee; 150 full-service branches and 11 limited-service branches; 173 ATMs; and 38 interactive teller machines. Renasant Corporation was founded in 1904 and is headquartered in Tupelo, Mississippi.
Company profile
Ticker
RNST
Exchange
Website
CEO
Mr. C. Mitchell Waycaster
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
CENTER BANCORP INC
SEC CIK
Corporate docs
Subsidiaries
Primeco, Inc. • Renasant Leasing Corp. • Renasant Investment Corp. • Renasant Capital Corp. • Renasant Capital Funding Corp. • Renasant Insurance, Inc. • Park Place Capital Corp. • Park Place Capital Securities Corp. • Renasant Securities Corp. • Continental Republic Capital, LLC ...
IRS number
640676974
RNST stock data
Analyst ratings and price targets
Latest filings (excl ownership)
8-K
Amendments to Articles of Incorporation or Bylaws
24 Oct 24
8-K
Renasant Corporation Announces Merger Agreement with The First Bancshares, Inc. and Other Transactions
22 Oct 24
EFFECT
Notice of effectiveness
18 Sep 24
424B3
Prospectus supplement
17 Sep 24
8-K
Second Quarter 2024 Investor Presentation
4 Sep 24
S-4
Registration of securities issued in business combination transactions
30 Aug 24
8-A12B/A
Registration of securities on exchange (amended)
28 Aug 24
10-Q
2024 Q2
Quarterly report
7 Aug 24
425
Business combination disclosure
30 Jul 24
Transcripts
RNST
Earnings call transcript
2024 Q3
23 Oct 24
RNST
Earnings call transcript
2024 Q2
24 Jul 24
RNST
Earnings call transcript
2024 Q1
24 Apr 24
RNST
Earnings call transcript
2023 Q4
24 Jan 24
RNST
Earnings call transcript
2023 Q3
25 Oct 23
RNST
Earnings call transcript
2023 Q2
26 Jul 23
RNST
Earnings call transcript
2023 Q2
26 Jul 23
RNST
Earnings call transcript
2023 Q1
26 Apr 23
RNST
Earnings call transcript
2022 Q4
25 Jan 23
RNST
Earnings call transcript
2022 Q3
26 Oct 22
Latest ownership filings
SC 13G
STATE STREET CORP
17 Oct 24
4
Sean M. Suggs
2 Oct 24
4
EDWARD ROBINSON MCGRAW
2 Oct 24
4
James C. IV Mabry
5 Aug 24
4
EDWARD ROBINSON MCGRAW
1 Jul 24
4
Sean M. Suggs
1 Jul 24
11-K
Annual report of employee stock purchases
27 Jun 24
4
EDWARD ROBINSON MCGRAW
2 May 24
4
Rose J. Flenorl
24 Apr 24
4
Sean M. Suggs
24 Apr 24
Financial summary
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Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 851.91 mm | 851.91 mm | 851.91 mm | 851.91 mm | 851.91 mm | 851.91 mm |
Cash burn (monthly) | (no burn) | 7.92 mm | (no burn) | (no burn) | 16.36 mm | (no burn) |
Cash used (since last report) | n/a | 31.56 mm | n/a | n/a | 65.22 mm | n/a |
Cash remaining | n/a | 820.35 mm | n/a | n/a | 786.68 mm | n/a |
Runway (months of cash) | n/a | 103.6 | n/a | n/a | 48.1 | n/a |
Institutional ownership, Q2 2024
70.8% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 207 |
Opened positions | 32 |
Closed positions | 18 |
Increased positions | 74 |
Reduced positions | 60 |
13F shares | Current |
---|---|
Total value | 1.31 tn |
Total shares | 45.75 mm |
Total puts | 1.50 k |
Total calls | 1.30 k |
Total put/call ratio | 1.2 |
Largest owners | Shares | Value |
---|---|---|
BLK BlackRock | 8.17 mm | $249.39 bn |
Vanguard | 6.35 mm | $194.02 bn |
Victory Capital Management | 3.89 mm | $118.79 bn |
Dimensional Fund Advisors | 3.89 mm | $118.73 bn |
STT State Street | 2.66 mm | $81.38 bn |
WHG Westwood | 2.09 mm | $63.69 bn |
Frontier Capital Management | 1.69 mm | $0.00 |
Allspring Global Investments | 1.44 mm | $44.07 bn |
Geode Capital Management | 1.27 mm | $38.95 bn |
Palisade Capital Management | 1.01 mm | $30.73 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
30 Sep 24 | Mcgraw Edward Robinson | Phantom Stock Common Stock | Grant | Acquire A | No | No | 33.09 | 63.46 | 2.10 k | 9,963.2 |
30 Sep 24 | Suggs Sean M. | Phantom Stock Common Stock | Grant | Acquire A | No | No | 34.22 | 277.62 | 9.50 k | 9,786.39 |
1 Aug 24 | James C. IV Mabry | Common Stock | Payment of exercise | Dispose F | No | No | 34.39 | 2,955 | 101.62 k | 99,815 |
28 Jun 24 | Mcgraw Edward Robinson | Phantom Stock Common Stock | Grant | Acquire A | No | No | 29.59 | 60.84 | 1.80 k | 9,833.18 |
28 Jun 24 | Suggs Sean M. | Phantom Stock Common Stock | Grant | Acquire A | No | No | 29.78 | 318.97 | 9.50 k | 9,379.57 |
News
Texas Instruments Posts Strong Q3 Results, Joins Valmont Industries, Lithia Motors, Teledyne Technologies And Other Big Stocks Moving Higher On Wednesday
23 Oct 24
Renasant Q3 2024 Adj. EPS $0.70 Beats $0.63 Estimate, Sales $220.297M Beat $173.482M Estimate
22 Oct 24
An Overview of Renasant's Earnings
21 Oct 24
A Closer Look at 10 Analyst Recommendations For Renasant
20 Sep 24
Truist Securities Maintains Hold on Renasant, Lowers Price Target to $37
20 Sep 24
Press releases
Renasant Corporation Announces Earnings for the Third Quarter of 2024, Receipt of Shareholder Approval of the Merger With the First Bancshares, Inc.
22 Oct 24
Renasant Announces 2024 Third Quarter Webcast and Conference Call Information
8 Oct 24
THE FIRST BANCSHARES INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of The First Bancshares, Inc. - FBMS
26 Sep 24
RNST Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of Renasant Corporation Is Fair to Shareholders
3 Sep 24
Renasant Corporation Declares Quarterly Dividend
14 Aug 24