Renasant Corporation (NASDAQ:RNST) Given Price Target Of $37.25


As per Renasant Corporation (NASDAQ:RNST)’s news release on 2016-08-11, its shareholders will get cash dividend of $0.18 per share. The recent press release updated on the record date and payout date, which stands at 2016-09-14 and 2016-09-30, respectively.

The stock will commence trading ex-dividend from 2016-09-12, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Renasant Corporation (NASDAQ:RNST) disbursed $0.18 in dividend compared to distribution of $0.18, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 0%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated Renasant Corporation (NASDAQ:RNST) to attain a price target of $37.25. It is an average estimate figure given by 4 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $39. The low price range is set at $35 for next year while the arithmetic mean is seen at 1.5.

Eyeing Earnings Renasant Corporation (NASDAQ:RNST) is likely to post quarterly numbers around 2016-10-18 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.57 for the period ending on 2016-09-30.

In last quarter ended 2015-12-31, Renasant Corporation (NASDAQ:RNST) earnings came at $0.59 suggesting a deviation of $0.02. The brokerages targeted EPS of $0.57 for the quarter.

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