Stieven Capital Advisors L.P. Sells 9,200 Shares of Renasant Co. (NASDAQ:RNST)

Stieven Capital Advisors L.P. trimmed its holdings in Renasant Co. (NASDAQ:RNST) by 2.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 359,450 shares of the financial services provider’s stock after selling 9,200 shares during the period. Renasant accounts for approximately 2.3% of Stieven Capital Advisors L.P.’s holdings, making the stock its 15th largest position. Stieven Capital Advisors L.P.’s holdings in Renasant were worth $12,850,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of RNST. Mutual of America Capital Management LLC boosted its holdings in Renasant by 3.2% in the third quarter. Mutual of America Capital Management LLC now owns 9,560 shares of the financial services provider’s stock worth $311,000 after purchasing an additional 300 shares in the last quarter. Sheets Smith Wealth Management boosted its stake in shares of Renasant by 3.6% during the 4th quarter. Sheets Smith Wealth Management now owns 12,471 shares of the financial services provider’s stock worth $446,000 after acquiring an additional 438 shares in the last quarter. KBC Group NV increased its holdings in shares of Renasant by 32.0% during the 3rd quarter. KBC Group NV now owns 2,457 shares of the financial services provider’s stock valued at $80,000 after acquiring an additional 596 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of Renasant by 7.1% in the 3rd quarter. HighTower Advisors LLC now owns 11,126 shares of the financial services provider’s stock valued at $365,000 after acquiring an additional 734 shares in the last quarter. Finally, J.W. Cole Advisors Inc. lifted its holdings in Renasant by 11.7% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 8,159 shares of the financial services provider’s stock worth $265,000 after purchasing an additional 856 shares during the last quarter. Institutional investors and hedge funds own 77.31% of the company’s stock.

Renasant Stock Up 0.2 %

Shares of RNST opened at $38.46 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.94 and a current ratio of 0.96. The company has a 50-day simple moving average of $36.66 and a 200-day simple moving average of $35.01. Renasant Co. has a 52 week low of $27.98 and a 52 week high of $39.63. The firm has a market capitalization of $2.45 billion, a P/E ratio of 11.76 and a beta of 1.03.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on RNST shares. Hovde Group downgraded Renasant from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 13th. Piper Sandler lifted their target price on shares of Renasant from $41.00 to $44.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Raymond James restated an “outperform” rating and set a $44.00 price target (up from $40.00) on shares of Renasant in a report on Thursday, January 30th. StockNews.com lowered Renasant from a “hold” rating to a “sell” rating in a research note on Friday, January 31st. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and set a $46.00 target price (up previously from $45.00) on shares of Renasant in a research note on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $42.83.

Renasant Company Profile

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. The company operates through Community Banks, Insurance, and Wealth Management segments. The Community Banks segment offers checking and savings accounts, business and personal loans, asset-based lending, and factoring equipment leasing services, as well as safe deposit and night depository facilities.