Latest news with #RenasantCorporation
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
26-04-2025
- Business
- Yahoo
Renasant Corporation (RNST): Among Billionaire Ken Fisher's Finance Stock Picks with Huge Upside Potential
We recently published a list of . In this article, we are going to take a look at where Renasant Corporation (NYSE:RNST) stands against other billionaire Ken Fisher's finance stock picks with huge upside potential. The global financial industry includes banking, insurance, asset management, and capital market sectors, and plays a significant role in supporting economic activity. According to McKinsey, the banking industry handles assets worth $400 trillion as of 2025, bringing in about $7 trillion and $1.1 trillion in annual revenue and profits, respectively. On the other hand, the broader financial services sector is on the high, increasing more than 16% in the last year (as of writing this article), beating the broader market's 6% return for the same period. This robust growth is expected to continue throughout the remainder of 2025, with the momentum driven by dropping interest rates, cooling off inflation, and investors' faith in the sector, creating upside potential across various segments. Despite brief macroeconomic uncertainty, the U.S. economy improved more than expected in 2024, with GDP growth hitting about 2.7%. Although the progress is expected to slow down in 2025, with growth likely dropping to around 1.5%, the financial sector is holding strong, supported by expected Fed rate cuts, steadier regulations, and a comeback in market activity. Moreover, record consumer debt of $17.7 trillion and increasing corporate refinancing needs are expected to affect borrowing patterns. Looking ahead, financial companies stand strong to gain from the revival in financial markets, as recent forecasts indicate M&A activity, buyouts, and private lending picking up steam in 2025. Furthermore, companies are making strategic deals and investing in AI technology, fueling rapid growth in private markets. Additionally, private credit assets under management could double soon, as more businesses and individuals seek financing outside traditional banks. This surge in deals and fundraising follows several quiet years and sets up major financial players for solid profits. In contrast, the global insurance sector is dealing with economic turbulence, high inflation, and unpredictable interest rates. Personal property and casualty insurance grew 9.5% between 2022-2023, reaching $1.1 trillion, driven mostly by rate increases rather than new businesses. Thus, the sector is focused on innovation and geographic diversification, expanding into emerging Asian and Latin American markets. At the same time, in the U.S., affordability concerns are forcing insurers and other sectors to cut costs and improve their digital services. As such, innovation and digital transformation drive the financial sector, as banks alone have poured over $600 billion into tech upgrades, outspending even tech companies on IT, as reported by McKinsey. Despite this massive investment, labor productivity has dropped 4% over the last 15 years. This troubling decline has created pressure to make these tech investments pay off. Looking ahead, as AI, automation, and cloud are getting adopted, companies are expected to transform their business models and enhance digital services to boost efficiency and customer reach. Meanwhile, new tariff policies are shaking up global markets, further the macroeconomic uncertainty. Billionaire is still critical of these measures as he argues that it is unnecessary to worry about them. He posted the following statement on X. 'What Trump unveiled on Wednesday is stupid, wrong, arrogantly extreme, ignorant trade-wise and addressing a non-problem with misguided tools. It will fade and fail and the fear is bigger than the problem, which from here is bullish.' He strongly believes financial stocks may bounce back once the initial shock passes by, drawing a historical parallel: 'It may well be this goes something like the 1998 stock market correction leading to a 26% annual return.' As interest rates drop and economic pressures ease, investors are eyeing financial companies for potential recovery gains and strategic long-term positions. To compile this list, we reviewed Ken Fisher's SEC Q4 2024 13F filings. We picked 10 stocks that have the highest upside potential from their current levels as of April 22. Finally, we ranked the stocks in ascending order based on their highest analyst upside potential, while also laying out hedge fund sentiment for these stocks according to Insider Monkey's Q4 2024 database. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). Ken Fisher of Fisher Asset Management Renasant Corporation (NYSE:RNST) is a bank holding company for Renasant Bank, providing financial services, wealth management, fiduciary, and insurance services. Its business covers three main segments: Community Banks, Insurance, and Wealth Management. The company provides personal and business loans, real estate financing, equipment leasing, and investment services across the Southeast US. For Q4 ended December 31, 2024, Renasant Corporation (NYSE:RNST) made $44.7 million, or $0.70 per diluted share. Its net interest income increased by $1.9 million to $135.5 million from the previous quarter. While adjusted NIM slightly improved to 3.34%, deposit costs dropped by 16 basis points to 2.35%, which was better than expected. The company grew loans by $257.4 million and deposits by $63 million in the quarter, while getting rid of all brokered deposits by year-end. Renasant's loan quality stayed solid as it set aside $3.1 million for possible credit losses and had $1.7 million in net charge-offs. Problem loans and non-performing assets fell to 2.89% and 0.68% of total assets, respectively, as the company's capital ratios remained strong throughout Q4. Moreover, the company's merger with The First is still set to finish in the first half of 2025. Therefore, Renasant Corporation (NYSE:RNST) expects its margin to grow modestly in 2025 and sees strength in all loan areas, with a $174 million pipeline going into Q1. Ken Fisher's portfolio consists of 414,108 Renasant Corporation (NYSE:RNST) shares worth $14.8 million as of Q4 2024. This pick fits well within the Ken Fisher Stock Portfolio, as it offers a value-driven positioning within the sector. Overall, RNST ranks 2nd on our list of billionaire Ken Fisher's finance stock picks with huge upside potential. While we acknowledge the potential of RNST as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than RNST but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at . 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
