Latest news with #Renasant
Yahoo
2 days ago
- Business
- Yahoo
1 Bank Stock to Research Further and 2 to Avoid
Banks play a critical role in the financial system, providing everything from commercial loans to wealth management and payment processing services. But concerns about loan losses and tightening regulations have tempered enthusiasm, and over the past six months, the banking industry has pulled back by 10.6%. This performance was particularly disheartening since the S&P 500 held its ground. The elite companies can churn out earnings growth under any circumstance, however, and our mission at StockStory is to help you find them. With that said, here is one bank stock poised to generate sustainable market-beating returns and two we're steering clear of. Market Cap: $3.47 billion Founded in 1904 during a time when the South was rebuilding its economy, Renasant (NYSE:RNST) is a regional bank holding company that offers banking, wealth management, insurance, and specialized lending services throughout the Southeast. Why Do We Think Twice About RNST? Sales were flat over the last two years, indicating it's failed to expand this cycle Net interest income trends were unexciting over the last four years as its 5% annual growth was below the typical bank company Forecasted tangible book value per share decline of 9.9% for the upcoming 12 months implies profitability will deteriorate significantly Renasant's stock price of $36.51 implies a valuation ratio of 0.9x forward P/B. Check out our free in-depth research report to learn more about why RNST doesn't pass our bar. Market Cap: $1.60 billion Founded in 1896 and operating across Pennsylvania, New York, Ohio, and Indiana, Northwest Bancshares (NASDAQ:NWBI) is a bank holding company that operates Northwest Bank, providing personal and business banking, investment management, and trust services. Why Should You Dump NWBI? Annual net interest income growth of 3.2% over the last four years was below our standards for the bank sector Capital trends were unexciting over the last five years as its 1.4% annual tangible book value per share growth was below the typical bank company Estimated tangible book value per share decline of 7.1% for the next 12 months implies a challenging profitability environment At $12.60 per share, Northwest Bancshares trades at 1x forward P/B. Read our free research report to see why you should think twice about including NWBI in your portfolio, it's free. Market Cap: $8.24 billion Founded in 1991 as a community-focused alternative to big banks in the Chicago area, Wintrust Financial (NASDAQGS:WTFC) operates community banks in the Chicago area and provides specialty finance services including insurance premium financing and wealth management. Why Are We Positive On WTFC? Market share has increased this cycle as its 18.1% annual net interest income growth over the last four years was exceptional Earnings per share grew by 7.6% annually over the last two years and trumped its peers Balance sheet strength has increased this cycle as its 9.5% annual tangible book value per share growth over the last five years was exceptional Wintrust Financial is trading at $122.64 per share, or 1.2x forward P/B. Is now a good time to buy? Find out in our full research report, it's free. Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 9 Market-Beating Stocks. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today for free. Find your next big winner with StockStory today. Find your next big winner with StockStory today.
Yahoo
02-05-2025
- Business
- Yahoo
Renasant (NYSE:RNST) Is Due To Pay A Dividend Of $0.22
The board of Renasant Corporation (NYSE:RNST) has announced that it will pay a dividend on the 30th of June, with investors receiving $0.22 per share. Based on this payment, the dividend yield will be 2.7%, which is fairly typical for the industry. We check all companies for important risks. See what we found for Renasant in our free report. We like to see a healthy dividend yield, but that is only helpful to us if the payment can continue. Renasant has a long history of paying out dividends, with its current track record at a minimum of 10 years. Taking data from its last earnings report, calculating for the company's payout ratio shows 27%, which means that Renasant would be able to pay its last dividend without pressure on the balance sheet. The next year is set to see EPS grow by 5.3%. If the dividend continues along recent trends, we estimate the future payout ratio will be 28%, which is in the range that makes us comfortable with the sustainability of the dividend. View our latest analysis for Renasant The company has been paying a dividend for a long time, and it has been quite stable which gives us confidence in the future dividend potential. The dividend has gone from an annual total of $0.68 in 2015 to the most recent total annual payment of $0.88. This works out to be a compound annual growth rate (CAGR) of approximately 2.6% a year over that time. Slow and steady dividend growth might not sound that exciting, but dividends have been stable for ten years, which we think makes this a fairly attractive offer. Investors could be attracted to the stock based on the quality of its payment history. Renasant has impressed us by growing EPS at 7.5% per year over the past five years. With a decent amount of growth and a low payout ratio, we think this bodes well for Renasant's prospects of growing its dividend payments in the future. An additional note is that the company has been raising capital by issuing stock equal to 13% of shares outstanding in the last 12 months. Regularly doing this can be detrimental - it's hard to grow dividends per share when new shares are regularly being created. Overall, we like to see the dividend staying consistent, and we think Renasant might even raise payments in the future. Distributions are quite easily covered by earnings, which are also being converted to cash flows. Taking this all into consideration, this looks like it could be a good dividend opportunity. Investors generally tend to favour companies with a consistent, stable dividend policy as opposed to those operating an irregular one. At the same time, there are other factors our readers should be conscious of before pouring capital into a stock. Companies that are growing earnings tend to be the best dividend stocks over the long term. See what the 6 analysts we track are forecasting for Renasant for free with public analyst estimates for the company. Is Renasant not quite the opportunity you were looking for? Why not check out our selection of top dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
08-04-2025
- Business
- Yahoo
Renasant Announces 2025 First Quarter Webcast and Conference Call Information
TUPELO, Miss., April 08, 2025 (GLOBE NEWSWIRE) -- Renasant Corporation (NYSE: RNST) (the 'Company') will announce 2025 first quarter results following the NYSE's closing on Tuesday, April 22, 2025. The Company will hold executive management's quarterly webcast and conference call with analysts on Wednesday, April 23, 2025, at 10:00 AM Eastern Time (9:00 AM Central Time). The webcast is accessible through Renasant's investor relations website at or To access the conference via telephone, dial 1-877-513-1143 in the United States and request the Renasant Corporation 2025 First Quarter Earnings Webcast and Conference Call. International participants should dial 1-412-902-4145 to access the conference call. The webcast will be archived on and will remain accessible for one year. A replay can be accessed via telephone by dialing 1-877-344-7529 in the United States and entering conference number 6525571 or by dialing 1-412-317-0088 internationally and entering the same conference number. Telephone replay access is available until May 7, 2025. ABOUT RENASANT CORPORATION: Renasant Corporation is the parent of Renasant Bank, a 121-year-old financial services institution. Renasant has assets of approximately $26.0 billion and operates more than 280 banking, lending, mortgage, and wealth management offices throughout the Southeast as well as factoring and asset-based lending on a nationwide basis. NOTE TO INVESTORS: This news release may contain, or incorporate by reference, statements which may constitute 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements usually include words such as 'expects,' 'projects,' 'anticipates,' 'believes,' 'intends,' 'estimates,' 'strategy,' 'plan,' 'potential,' 'possible' and other similar expressions. Prospective investors are cautioned that any such forward-looking statements are not guarantees for future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include significant fluctuations in interest rates, inflation, economic recession, significant changes in the federal and state legal and regulatory environment, significant underperformance in our portfolio of outstanding loans, and competition in our markets. Management believes that the assumptions underlying the Company's forward-looking statements are reasonable, but any of the assumptions could prove to be inaccurate. Investors are urged to carefully consider the risks described in the Company's filings with the Securities and Exchange Commission (the 'SEC') from time to time, including its most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, which are available at and the SEC's website at The Company expressly disclaims any obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time. Contacts For Media:John S. OxfordSenior Vice PresidentChief Marketing Officer(662) 680-1219joxford@ For Financials:James C. Mabry IV Executive Vice PresidentChief Financial Officer (662) 680-1281
Yahoo
01-04-2025
- Business
- Yahoo
Renasant Corporation Completes Merger with The First Bancshares, Inc.
TUPELO, Miss., April 01, 2025 (GLOBE NEWSWIRE) -- Renasant Corporation (NYSE: RNST) ('Renasant' or 'the Company') announced today that it has completed its merger with The First Bancshares, Inc., the parent company of The First Bank ('The First'), effective April 1, 2025. Although the merger has been completed, full conversion and integration of The First's operations into Renasant's is expected to be completed in early August 2025. Until the conversion is completed, The First's customers should continue to conduct their banking business as usual, including using existing branches, debit cards, checks, credit cards and ATMs, and making loan payments. The Company has posted Frequently Asked Questions that customers of The First may reference to obtain useful information about the transition, which can be found at ABOUT RENASANT CORPORATION: Renasant Corporation is the parent of Renasant Bank, a 121-year-old financial services institution. Renasant has assets of approximately $26 billion and operates more than 280 banking, lending, mortgage, and wealth management offices throughout the Southeast and offers factoring and asset-based lending on a nationwide basis. Additional information is available on Renasant's website: NOTE TO INVESTORS: Forward-looking statements:This press release may contain, or incorporate by reference, statements about Renasant Corporation that constitute 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Words and phrases such as 'may,' 'approximately,' 'continue,' 'should,' 'expects,' 'projects,' 'anticipates,' 'is likely,' 'look ahead,' 'look forward,' 'believes,' 'will,' 'intends,' 'estimates,' 'strategy,' 'plan,' 'could,' 'potential,' 'possible' and variations of such words and similar expressions are intended to identify such forward-looking statements. Forward-looking statements include information about Renasant's future financial performance, business strategy, and projected plans and objectives, including related to the merger transaction involving Renasant and The First, and are based on the current beliefs and expectations of management. Renasant's management believes these forward-looking statements are reasonable, but they are all inherently subject to significant business, economic and competitive risks and uncertainties, many of which are beyond Renasant's control. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Prospective investors are cautioned that any forward-looking statements are not guarantees of future performance and involve risks and uncertainties and, accordingly, investors should not place undue reliance on these forward-looking statements, which speak only as of the date they are made. Contacts: For Media:John S. OxfordSenior Vice PresidentChief Marketing Officer(662) 680-1219joxford@ For Financials:James C. Mabry IVExecutive Vice PresidentChief Financial Officer(662) Sign in to access your portfolio
Yahoo
17-03-2025
- Business
- Yahoo
Renasant and The First Announce Receipt of Regulatory Approvals for Merger
TUPELO, Miss. & HATTIESBURG, Miss., March 17, 2025--(BUSINESS WIRE)--Renasant Corporation (NYSE: RNST) ("Renasant") and The First Bancshares, Inc. (NYSE: FBMS) ("The First") jointly announced today that they have received all necessary regulatory approvals to complete the proposed merger of The First with and into Renasant, and the related merger of The First's wholly owned subsidiary, The First Bank, with and into Renasant Bank, Renasant's wholly owned subsidiary. Renasant and The First previously announced that their respective shareholders approved the proposed merger at special shareholder meetings on October 22, 2024. "We're excited to have received regulatory approval to move forward with the merger between The First and Renasant," said Renasant CEO and Executive Vice Chairman, Mitch Waycaster. "We believe this merger creates a transformative partnership between two great organizations with shared values and a commitment to serving our customers and communities." Renasant and The First expect to close the merger on April 1, 2025, subject to the satisfaction of other customary closing conditions. The combination will result in a financial services institution with approximately $26 billion in assets and more than 250 locations throughout the Southeast, as well as offering factoring and asset-based lending on a nationwide basis. "I am confident we are building a strong foundation for the future, and we look forward to seeing our alliance come to fruition," said The First CEO and President, Hoppy Cole. "We believe the combination of our two like-minded banks will unlock new possibilities that neither could achieve alone." About Renasant Corporation: Renasant Corporation is the parent of Renasant Bank, a 120-year-old financial services institution. Renasant has assets of approximately $18.0 billion and operates 186 banking, lending, mortgage, and wealth management offices throughout the Southeast as well as offering factoring and asset-based lending on a nationwide basis. Additional information is available on Renasant's website: About The First Bancshares, Inc.: The First Bancshares, Inc., headquartered in Hattiesburg, Mississippi, is the parent company of The First Bank. Founded in 1996, the First has operations in Mississippi, Louisiana, Alabama, Florida and Georgia. Additional information is available on The First's website: Forward-looking statements: This press release may contain, or incorporate by reference, statements about Renasant Corporation that constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Words and phrases such as "may," "approximately," "continue," "should," "expects," "projects," "anticipates," "is likely," "look ahead," "look forward," "believes," "will," "intends," "estimates," "strategy," "plan," "could," "potential," "possible" and variations of such words and similar expressions are intended to identify such forward-looking statements. Forward-looking statements include information about Renasant's future financial performance, business strategy, and projected plans and objectives, including related to the merger transaction involving Renasant and The First, and are based on the current beliefs and expectations of management. Renasant's management believes these forward-looking statements are reasonable, but they are all inherently subject to significant business, economic and competitive risks and uncertainties, many of which are beyond Renasant's control. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Prospective investors are cautioned that any forward-looking statements are not guarantees of future performance and involve risks and uncertainties and, accordingly, investors should not place undue reliance on these forward-looking statements, which speak only as of the date they are made. Additional information about the Renasant/First Merger: This communication is being made in respect of the merger transaction involving Renasant and The First. In connection with the merger, Renasant filed with the Securities and Exchange Commission (the "SEC") a definitive proxy statement for The First that also constitutes a definitive prospectus of Renasant, and Renasant may file additional documents concerning the merger with the SEC. This release does not constitute an offer to sell or the solicitation of an offer to buy any securities. Before making any investment decision, The First investors are urged to read the definitive proxy statement/prospectus and any other documents to be filed with the SEC in connection with the merger or incorporated by reference in the definitive proxy statement/prospectus because they will contain important information about Renasant, The First and the merger. The definitive proxy statement/prospectus was mailed to shareholders of The First on September 17, 2024. Investors may obtain copies of the proxy statement/prospectus and other relevant documents filed by Renasant (when they become available) free of charge at the SEC's website ( In addition, documents filed with the SEC by Renasant will be available free of charge from Jim Mabry, Chief Financial Officer, Renasant Corporation, 209 Troy Street, Tupelo, Mississippi 38804-4827, telephone: (662) 680-1281. View source version on Contacts For Media:John S. OxfordSenior Vice PresidentChief Marketing Officer(662) 680-1219joxford@ For Financials:James C. Mabry IVExecutive Vice PresidentChief Financial Officer(662) Sign in to access your portfolio
