Renasant (NYSE:RNST) Price Target Cut to $46.00 by Analysts at TD Cowen

06 Oct 2026, 06:18 by Kim Johansen · The Markets Daily

Renasant (NYSE:RNST – Free Report) had its target price decreased by TD Cowen from $49.00 to $46.00 in a research report sent to investors on Monday,Benzinga reports. TD Cowen currently has a buy rating on the stock.

Other equities analysts also recently issued reports about the company. Weiss Ratings upgraded Renasant from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. Piper Sandler lifted their price target on Renasant from $46.00 to $48.00 and gave the company an “overweight” rating in a report on Thursday, July 30th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Renasant currently has a consensus rating of “Buy” and an average target price of $46.67.

Check Out Our Latest Analysis on Renasant

Renasant Trading Down 0.6%

Shares of RNST opened at $39.70 on Monday. The stock has a fifty day moving average of $41.51 and a two-hundred day moving average of $40.80. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.90 and a current ratio of 0.91. The company has a market capitalization of $3.63 billion, a PE ratio of 11.89 and a beta of 1.01. Renasant has a fifty-two week low of $33.04 and a fifty-two week high of $44.54.

Renasant (NYSE:RNST – Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.03. The company had revenue of $573.62 million for the quarter, compared to analyst estimates of $280.71 million. Renasant had a return on equity of 8.67% and a net margin of 19.94%.During the same quarter in the prior year, the company posted $0.01 EPS. As a group, analysts forecast that Renasant will post 3.78 EPS for the current year.

Renasant Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $0.96 annualized dividend and a dividend yield of 2.4%. Renasant’s payout ratio is currently 28.74%.

Insider Activity at Renasant

In other news, Director Edward Mcgraw sold 35,000 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $43.88, for a total transaction of $1,535,800.00. Following the completion of the sale, the director directly owned 211,458 shares in the company, valued at $9,278,777.04. This represents a 14.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 2.07% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Versant Capital Management Inc lifted its position in Renasant by 33.6% in the 2nd quarter. Versant Capital Management Inc now owns 1,276 shares of the company’s stock valued at $54,000 after purchasing an additional 321 shares during the last quarter. HB Wealth Management LLC boosted its stake in Renasant by 3.5% during the 2nd quarter. HB Wealth Management LLC now owns 10,126 shares of the company’s stock valued at $431,000 after purchasing an additional 346 shares during the period. Waverly Advisors LLC grew its position in Renasant by 1.2% in the 1st quarter. Waverly Advisors LLC now owns 39,200 shares of the company’s stock worth $1,416,000 after purchasing an additional 473 shares during the last quarter. Resolute Wealth Strategies LLC grew its position in Renasant by 0.9% in the 1st quarter. Resolute Wealth Strategies LLC now owns 72,148 shares of the company’s stock worth $2,607,000 after purchasing an additional 609 shares during the last quarter. Finally, FNY Investment Advisers LLC increased its stake in shares of Renasant by 151.9% in the second quarter. FNY Investment Advisers LLC now owns 1,063 shares of the company’s stock valued at $45,000 after purchasing an additional 641 shares during the period. Institutional investors and hedge funds own 77.31% of the company’s stock.

Renasant Company Profile

(Get Free Report)

Renasant Corporation is a financial services company headquartered in Tupelo, Mississippi, and the parent company of Renasant Bank. Founded in 1904, the company has grown from a community bank into a regional banking organization serving customers across the Southeastern United States.