RNST Stock Summary and Trading Ideas (Renasant | NYSE:RNST)

Renasant Corp operates as a holding company for Renasant Bank, a Mississippi banking corporation, and its subsidiary, Renasant Insurance, Inc. It has three reportable segments: community banks, insurance, and wealth management. With its community banks segment, the company provides a range of financial services to individuals and small businesses. Its insurance segment is an insurance agency providing commercial and personal insurance through third-party carriers. The wealth management segment provides a range of services including money management and retirement planning. The majority of the company's revenue is driven by lending activities in its community banks segment. Renasant Corporation operates in the southern United States.

Renasant trades on the NYSE stock market under the symbol RNST.

As of April 18, 2024, RNST stock price climbed to $28.77 with 228,434 million shares trading.

RNST has a beta of 1.50, meaning it tends to be more sensitive to market movements. RNST has a correlation of 0.24 to the broad based SPY ETF.

RNST has a market cap of $1.62 billion. This is considered a Small Cap stock.

Last quarter Renasant reported $146 million in Revenue and $.76 earnings per share. This fell short of revenue expectation by $-17 million and exceeded earnings estimates by $.12.

In the last 3 years, RNST stock traded as high as $45.59 and as low as $22.99.

The top ETF exchange traded funds that RNST belongs to (by Net Assets): IJR, VTI, VB, IWM, VBR.

RNST has underperformed the market in the last year with a price return of +0.8% while the SPY ETF gained +22.3%. RNST has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -5.6% and -4.2%, respectively, while the SPY returned +6.1% and -3.8%, respectively.

RNST support price is $27.65 and resistance is $28.97 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RNST stock will trade within this expected range on the day.