Keefe Bruyette analyst Catherine Mealor upgraded Renasant (RNST) to Outperform from Market Perform with a price target of $40, up from $36. The First Bancshares (FBMS) deal bolsters Renasant’s scale in “attractive higher growth markets” and improves its efficiency, the analyst tells investors in a research note. The firm says the bank’s pro forma capital and reserves are “best in class.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RNST:
- Renasant Corporation Announces Closing of Common Stock Offering
- Renasant upgraded to Overweight from Equal Weight at Stephens
- Renasant upgraded to Outperform from Market Perform at Raymond James
- Renasant’s Strategic Expansion Through Public Share Offering
- Renasant 6.25M share Spot Secondary priced at $32.00