Raymond James Downgrades Renasant Corp. to Outperform

Brokerage firm Raymond James Downgrades its rating on Renasant Corp.(NASDAQ:RNST). The shares have been rated Outperform. Previously, the analysts had a Strong Buy rating on the shares. The rating by Raymond James was issued on Sep 12, 2016.

Renasant Corp. (RNST) shares turned negative on Tuesdays trading session with the shares closing down -0.06 points or -0.18% at a volume of 71,083. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $33.87. The peak price level was also seen at $33.87 while the days lowest was $33.62. Finally the shares closed at $33.64. The 52-week high of the shares is $37.28 while the 52-week low is $29.49. According to the latest information available, the market cap of the company is $1,416 M.

Renasant Corp.(RNST) last announced its earnings results on Jul 19, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $112.74M. Analysts had an estimated revenue of $112.21M. Earnings per share were $0.59. Analysts had estimated an EPS of $0.52.

Several Insider Transactions has been reported to the SEC. On Sep 1, 2016, Hugh S Jr Potts (director) sold 10,000 shares at $35.02 per share price.Also, On Aug 30, 2016, Fred F Sharpe (director) purchased 1,000 shares at $35.12 per share price.On Jul 25, 2016, R Rick Hart (SEVP) sold 4,000 shares at $33.15 per share price, according to the Form-4 filing with the securities and exchange commission.

Renasant Corporation is a bank holding company that owns and operates Renasant Bank (the Bank) and Renasant Insurance Inc. The Bank offers services including checking and savings accounts business and personal loans interim construction loans equipment leasing as well as safe deposit and night depository facilities. The Company operates in three segments: Community Banks segment which offers 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 which includes a full service insurance agency offering lines of commercial and personal insurance and the Wealth Management segment which offers fiduciary services which includes the administration and management of trust accounts including personal and corporate benefit accounts custodial accounts and others.

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