Renasant Corp. (NASDAQ:RNST) has been downgraded to Hold in a statement by Jefferies Group earlier today.
- Updated: November 28, 2016
Jefferies Group has downgraded Renasant Corp. (NASDAQ:RNST) to Hold in a statement released on Monday November 28, 2016.
Boasting a price of $40.61, Renasant Corp. (NASDAQ:RNST) traded -1.75% lower on the day. With the last close up 19.17% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. Renasant Corp. has recorded a 50-day average of $35.37 and a two hundred day average of $33.95. Volume of trade was down over the average, with 44,738 shares of RNST changing hands under the typical 161,923
With a total market value of $0, Renasant Corp. has price-earnings ratio of 18.98 with a one year low of $29.49 and a one year high of $41.81 .
About Renasant Corp. (NASDAQ:RNST)
Renasant Corporation is a bank holding company that owns and operates Renasant Bank (the Bank) and Renasant Insurance, Inc. (Renasant Insurance), a subsidiary of the Bank with operations in Mississippi. The Company operates through three segments: Community Banks segment, Insurance segment and Wealth Management segment. The Community Banks segment offers a range of banking and financial services to individuals and small to medium-sized businesses. The Insurance segment includes an insurance agency offering all lines of commercial and personal insurance through major carriers. The Wealth Management segment offers a range of fiduciary services, which includes the administration and management of trust accounts, including personal and corporate benefit accounts, self-directed individual retirement accounts (IRAs), and custodial accounts. In addition, the Wealth Management segment offers annuities, mutual funds and other investment services through a third-party broker-dealer.
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