Renasant (RNST) AI Stock Analysis

• Market Cap: $3.53B
• Dividend Yield: 2.37%
• Average Volume (3M): 540.51K
• Price to Earnings (P/E): 11.6
• Beta (1Y): 1.08
• Revenue Growth: 13.47%
• EPS Growth: 31.39%
• Country: US
• Employees: 2,200
• Sector: Financial
• Sector Strength: 81
• Industry: Banks - Regional
• EPS (TTM): 0.65
• Shares Outstanding: 95,010,430
• 10 Day Avg. Volume: 619,155
• 30 Day Avg. Volume: 540,507
• PEG Ratio: 3.81
• Price to Book (P/B): 0.97
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 15.98
• Enterprise Value/Market Cap: 0.71
• Enterprise Value/Revenue: 0.77
• Enterprise Value/Gross Profit: 4.10
• Enterprise Value/Ebitda: 2.59
• 1Y Price Target: $42.25
• Price Target Upside: 11.60% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4

• Rating: 78 Outperform
• Price Target: $39.00 ▲(3.01%Upside)

Renasant's strong financial performance and recent corporate events, such as a successful merger and leadership changes, are key strengths. The technical analysis remains neutral, while the reasonable valuation and promising earnings call further support the company's positive outlook.

Renasant Business Overview & Revenue Model

Company Description

Renasant Corporation operates as a bank holding company for Renasant Bank that provides a range of financial, wealth management, fiduciary, and insurance services to retail and commercial customers. It operates through three segments: Community Banks, Insurance, and Wealth Management. The Community Banks segment offers checking and savings accounts, business and personal loans, asset-based lending, and equipment leasing services, as well as safe deposit and night depository facilities. It also provides commercial, financial, and agricultural loans; equipment financing and leasing; real estate–1-4 family mortgage; real estate–commercial mortgage; real estate–construction loans for the construction of single family residential properties, multi-family properties, and commercial projects; installment loans to individuals; and interim construction loans, as well as automated teller machine (ATM), online and mobile banking, call center, and treasury management services. The Insurance segment provides insurance agency services, such as commercial and personal insurance products through insurance carriers. The Wealth Management segment offers a range of wealth management and fiduciary services, including administration and management of trust accounts, such as personal and corporate benefit accounts, and custodial accounts, as well as accounting and money management for trust accounts; annuities, mutual funds, and other investment services through a third party broker-dealer; and qualified retirement plans, IRAs, employee benefit plans, personal trusts, and estates. As of December 31, 2021, the company operated a network of 189 banking, lending, and mortgage offices located in Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina, and Tennessee; 150 full-service branches and 11 limited-service branches; 173 ATMs; and 38 interactive teller machines. Renasant Corporation was founded in 1904 and is headquartered in Tupelo, Mississippi.

How the Company Makes Money

Renasant Corporation generates revenue primarily through its banking and financial services operations. The company's key revenue streams include interest income from loans and leases to individuals and businesses, as well as interest earned on investment securities. Additionally, Renasant earns non-interest income from service charges on deposit accounts, mortgage banking income, wealth management fees, and insurance commissions. The company benefits from its expansive network of branches and ATMs, as well as its digital banking platform, which facilitates customer engagement and transactional efficiency. Strategic partnerships and acquisitions also play a role in enhancing Renasant's market presence and revenue potential.

Renasant Financial Statement Overview

Summary

Renasant's strong revenue growth and improved net profit margins indicate robust financial health, despite limitations in operational margin data and a decline in operating cash flow.

Income Statement

Renasant exhibits strong revenue growth, particularly from 2023 to 2024, with a revenue increase of about 40%. The net profit margin improved significantly from 22.9% in 2023 to 22% in 2024, indicating enhanced profitability. However, EBIT and EBITDA margins were not available for 2024, which slightly limits the comprehensive assessment of operational efficiency.

Balance Sheet

The balance sheet reveals a healthy equity ratio of 14.9% in 2024, suggesting a solid capital position. The debt-to-equity ratio improved from 0.32 in 2023 to 0.20 in 2024, demonstrating effective debt management. Despite these strengths, there is a slight decline in cash reserves, which could be a potential risk if not managed carefully.

Cash Flow

The company's cash flow analysis shows a decline in operating cash flow from 2023 to 2024. However, the free cash flow remained steady, indicating efficient capital expenditure management. The operating cash flow to net income ratio was relatively low at 0.66, suggesting potential room for improvement in cash generation relative to earnings.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	662.45M	797.32M	696.54M	695.67M	731.62M
Gross Profit	653.18M	616.19M	606.68M	650.99M	573.44M
EBITDA	277.25M	212.42M	254.05M	270.18M	138.12M
Net Income	195.46M	144.68M	166.07M	175.89M	83.65M
Balance Sheet
Total Assets	18.03B	17.36B	16.99B	16.81B	14.93B
Cash, Cash Equivalents and Short-Term Investments	1.03B	1.13B	1.73B	4.26B	1.98B
Total Debt	530.61M	729.40M	1.13B	471.21M	474.97M
Total Liabilities	15.36B	15.06B	14.85B	14.60B	12.80B
Stockholders Equity	2.68B	2.30B	2.14B	2.21B	2.13B
Cash Flow
Free Cash Flow	115.78M	126.92M	559.21M	122.14M	53.97M
Operating Cash Flow	129.43M	148.55M	574.04M	142.66M	82.24M
Investing Cash Flow	-298.04M	-55.40M	-2.04B	-660.00M	-1.27B
Financing Cash Flow	459.30M	132.21M	167.64M	1.76B	1.40B

Renasant Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 37.86
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RNST, the sentiment is Positive. The current price of 37.86 is above the 20-day moving average (MA) of 35.55, above the 50-day MA of 34.48, and above the 200-day MA of 34.41, indicating a bullish trend. The MACD of 0.65 indicates Negative momentum. The RSI at 68.83 is Neutral, neither overbought nor oversold. The STOCH value of 87.25 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for RNST.

Renasant Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FBP	79 Outperform	$3.45B	11.61	18.55%	3.37%	4.91%	4.75%
FHB	79 Outperform	$3.30B	14.27	9.11%	3.97%	-0.36%	5.97%
RNST	78 Outperform	$3.53B	11.59	7.83%	2.37%	13.47%	31.39%
WSFS	76 Outperform	$3.31B	13.09	10.25%	1.17%	5.06%	-0.30%
UCB	71 Outperform	$3.82B	14.88	7.64%	3.06%	6.73%	37.84%
FULT	70 Outperform	$3.37B	10.87	10.60%	3.89%	21.37%	5.62%
Sector *	70 Neutral	€21.69B	27.54	10.92%	4.79%	4.57%	1.35%

Renasant Corporate Events

Renasant Highlights Q1 2025 Financial Performance

Renasant Corporation announced its participation in investor conferences in the first quarter of 2025, highlighting its financial performance and strategic initiatives. The company reported a net income of $41.5 million and noted increases in loans and deposits, while also addressing potential risks and uncertainties related to its operations and market conditions.

The most recent analyst rating on (RNST) stock is a Buy with a $40.00 price target. To see the full list of analyst forecasts on Renasant stock, see the RNST Stock Forecast page.

Renasant Announces New CEO and Leadership Transition

On May 1, 2025, Renasant Corporation announced a leadership transition as part of its long-term succession plan. Kevin D. Chapman has taken over as Chief Executive Officer and President of both Renasant Corporation and Renasant Bank, succeeding C. Mitchell Waycaster, who will continue as Executive Vice Chairman. This change is expected to guide Renasant towards future success, leveraging Chapman’s extensive experience in the financial services industry.

Renasant Completes Merger with The First Bancshares

On April 22, 2025, Renasant Corporation announced its earnings for the first quarter of 2025, reporting a net income of $41.5 million and a diluted EPS of $0.65. The company completed its merger with The First Bancshares, Inc. on April 1, 2025, which is expected to enhance its profitability and operational reach in attractive banking markets. The merger added significant assets, loans, and deposits to Renasant’s portfolio, positioning the company for accelerated growth. The report highlighted improvements in net interest income, noninterest income, and credit quality, while also noting a decrease in noninterest expenses.

Renasant Completes Merger with The First Bancshares

On April 1, 2025, Renasant Corporation completed its merger with The First Bancshares, Inc., with Renasant continuing as the surviving corporation. The merger also involved the integration of The First Bank into Renasant Bank. As a result of the merger, Renasant assumed subordinated debentures and notes totaling $133,786,000 and expanded its board of directors to include members from The First. The transition in leadership will see Kevin D. Chapman assume the role of CEO, while E. Robinson McGraw will resign as an officer but remain Chairman of the Board. The integration of The First’s operations is expected to be completed by early August 2025.