These Analysts Boost Their Forecasts On Renasant Following Better-Than-Expected Q4 Earnings

Benzinga

30 Jan

Renasant Corporation (NYSE:RNST) reported better-than-expected earnings for its fourth quarter, after the closing bell on Tuesday.

The company posted quarterly earnings of 73 cents per share which beat the analyst consensus estimate of 60 cents per share. The company reported quarterly sales of $167.10 million which missed the analyst consensus estimate of $167.42 million.

“The fourth quarter results marked the end to a successful year for Renasant. We announced a transformative merger with The First in July and, in the midst of diligently planning for a successful combination, our team maintained its focus on generating organic growth, disciplined pricing on both sides of the balance sheet and steady credit performance,” remarked C. Mitchell Waycaster, Chief Executive Officer of the Company.

Renasant shares closed at $37.85 on Wednesday.

These analysts made changes to their price targets on Renasant following earnings announcement.

Piper Sandler analyst Stephen Scouten maintained Renasant with an Overweight rating and raised the price target from $41 to $44.
Raymond James analyst Michael Rose reiterated the stock with an Outperform rating and raised the price target from $40 to $44.
Keefe, Bruyette & Woods analyst Catherine Mealor reiterated Renasant with an Outperform rating and increased the price target from $45 to $46.

Considering buying RNST stock? Here’s what analysts think:

Read This Next:

Jim Cramer: This Industrial Stock Is ‘Absolutely Terrific’, First Solar Is ‘Very Inexpensive’

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One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2507622593"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2507622593\",edition:\"fundamental\",,,undefined,":{"share":"https://ttm.financial/m/news/2507622593?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-01-30 23:18","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2507622593","market":"hk","top_or_hot":-1,"title":"These Analysts Boost Their Forecasts On Renasant Following Better-Than-Expected Q4 Earnings","media":"Benzinga","content":"<html><body><p><strong><a href=\"https://laohu8.com/S/RNST\">Renasant Corporation</a></strong> (NYSE:RNST) reported better-than-expected earnings for its fourth quarter, after the closing bell on Tuesday.</p>\n<p>The company posted quarterly earnings of 73 cents per share which beat the analyst consensus estimate of 60 cents per share. The company reported quarterly sales of $167.10 million which missed the analyst consensus estimate of $167.42 million.</p>\n<p>“The fourth quarter results marked the end to a successful year for Renasant. We announced a transformative merger with The First in July and, in the midst of diligently planning for a successful combination, our team maintained its focus on generating organic growth, disciplined pricing on both sides of the balance sheet and steady credit performance,” remarked C. Mitchell Waycaster, Chief Executive Officer of the Company.</p>\n<p>Renasant shares closed at $37.85 on Wednesday.</p>\n<p>These analysts made changes to their price targets on Renasant following earnings announcement.</p>\n<ul>\n<li>Piper Sandler analyst Stephen Scouten maintained Renasant with an Overweight rating and raised the price target from $41 to $44.</li>\n<li>Raymond James analyst Michael Rose reiterated the stock with an Outperform rating and raised the price target from $40 to $44.</li>\n<li>Keefe, Bruyette &amp; Woods analyst Catherine Mealor reiterated Renasant with an Outperform rating and increased the price target from $45 to $46.</li>\n</ul>\n<p><strong>Considering buying RNST stock? Here’s what analysts think:</strong> </p>\n<figure><img decoding=\"async\" height=\"565\" loading=\"lazy\" sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/30094809/image-263-1024x565.png\" srcset=\"https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/30094809/image-263-1024x565.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/30094809/image-263-300x166.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/30094809/image-263-768x424.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/30094809/image-263.png 1151w\" width=\"1024\"/></figure>\n<p><strong>Read This Next: </strong></p>\n<ul>\n<li><strong>Jim Cramer: This Industrial Stock Is ‘Absolutely Terrific’, First Solar Is ‘Very Inexpensive’</strong></li>\n</ul></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>These Analysts Boost Their Forecasts On Renasant Following Better-Than-Expected Q4 Earnings</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThese Analysts Boost Their Forecasts On Renasant Following Better-Than-Expected Q4 Earnings\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2025-01-30 23:18</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p><strong><a href=\"https://laohu8.com/S/RNST\">Renasant Corporation</a></strong> (NYSE:RNST) reported better-than-expected earnings for its fourth quarter, after the closing bell on Tuesday.</p>\n<p>The company posted quarterly earnings of 73 cents per share which beat the analyst consensus estimate of 60 cents per share. The company reported quarterly sales of $167.10 million which missed the analyst consensus estimate of $167.42 million.</p>\n<p>“The fourth quarter results marked the end to a successful year for Renasant. We announced a transformative merger with The First in July and, in the midst of diligently planning for a successful combination, our team maintained its focus on generating organic growth, disciplined pricing on both sides of the balance sheet and steady credit performance,” remarked C. Mitchell Waycaster, Chief Executive Officer of the Company.</p>\n<p>Renasant shares closed at $37.85 on Wednesday.</p>\n<p>These analysts made changes to their price targets on Renasant following earnings announcement.</p>\n<ul>\n<li>Piper Sandler analyst Stephen Scouten maintained Renasant with an Overweight rating and raised the price target from $41 to $44.</li>\n<li>Raymond James analyst Michael Rose reiterated the stock with an Outperform rating and raised the price target from $40 to $44.</li>\n<li>Keefe, Bruyette &amp; Woods analyst Catherine Mealor reiterated Renasant with an Outperform rating and increased the price target from $45 to $46.</li>\n</ul>\n<p><strong>Considering buying RNST stock? Here’s what analysts think:</strong> </p>\n<figure><img decoding=\"async\" height=\"565\" loading=\"lazy\" sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/30094809/image-263-1024x565.png\" srcset=\"https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/30094809/image-263-1024x565.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/30094809/image-263-300x166.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/30094809/image-263-768x424.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/30094809/image-263.png 1151w\" width=\"1024\"/></figure>\n<p><strong>Read This Next: </strong></p>\n<ul>\n<li><strong>Jim Cramer: This Industrial Stock Is ‘Absolutely Terrific’, First Solar Is ‘Very Inexpensive’</strong></li>\n</ul></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RNST","symbol_name":"Renasant Corporation","start_time":0,"source_url":"https://www.benzinga.com/25/01/43341220/these-analysts-boost-their-forecasts-on-renasant-following-better-than-expected-q4-earnings","article_id":"2507622593","we_media_id":"1052270027","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2507622593","pubTimestamp":1738250288,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Benzinga","introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"summary":" ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"RNST":"Renasant Corporation"},"translate_title":"在第四季度盈利好于预期后，这些分析师上调了对Renasant的预测","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RNST":1},"content_text":"Renasant Corporation (NYSE:RNST) reported better-than-expected earnings for its fourth quarter, after the closing bell on Tuesday.\nThe company posted quarterly earnings of 73 cents per share which beat the analyst consensus estimate of 60 cents per share. The company reported quarterly sales of $167.10 million which missed the analyst consensus estimate of $167.42 million.\n“The fourth quarter results marked the end to a successful year for Renasant. We announced a transformative merger with The First in July and, in the midst of diligently planning for a successful combination, our team maintained its focus on generating organic growth, disciplined pricing on both sides of the balance sheet and steady credit performance,” remarked C. Mitchell Waycaster, Chief Executive Officer of the Company.\nRenasant shares closed at $37.85 on Wednesday.\nThese analysts made changes to their price targets on Renasant following earnings announcement.\n\nPiper Sandler analyst Stephen Scouten maintained Renasant with an Overweight rating and raised the price target from $41 to $44.\nRaymond James analyst Michael Rose reiterated the stock with an Outperform rating and raised the price target from $40 to $44.\nKeefe, Bruyette & Woods analyst Catherine Mealor reiterated Renasant with an Outperform rating and increased the price target from $45 to $46.\n\nConsidering buying RNST stock? Here’s what analysts think: \n\nRead This Next: \n\nJim Cramer: This Industrial Stock Is ‘Absolutely Terrific’, First Solar Is ‘Very Inexpensive’","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}