Stock News Alert: Renasant Corporation (NASDAQ:RNST)

Renasant Corporation (NASDAQ:RNST) stock observed trading -9.79% off 52-week high price. On the other end, the stock has been noted 11.89% away from low price over the last 52-weeks. The stock disclosed a move of -0.77% away from 50 day moving average and 0.73% away from 200 day moving average. Moving closer, we can see that shares have been trading -0.68% off 20-day moving average. It has market cap of $1.98B and dividend yield of 2.50%.

On Jan. 21, 2020, Renasant Corporation (NASDAQ:RNST) released earnings results for the fourth quarter of 2019. Net income for the fourth quarter of 2019 was $38.7 million, as compared to $44.4 million for the fourth quarter of 2018. Basic and diluted earnings per share (EPS) were $0.68 and $0.67, respectively, for the fourth quarter of 2019, as compared to basic and diluted EPS of $0.76 for the fourth quarter of 2018.

Net income for the year ending December 31, 2019, was $167.9 million, as compared to $146.9 million for the same period in 2018. Basic and diluted EPS were $2.89 and $2.88, respectively,  for 2019, as compared to basic and diluted EPS of $2.80 and $2.79, respectively, for the same period in 2018.

We closed 2019 on a strong note and maintained solid performance ratios through the fourth quarter even while absorbing the full impact of two interest rate cuts on our margin during the quarter, said Renasant Chairman, E. Robinson McGraw. Our management team did an excellent job of navigating through the headwinds we faced throughout 2019 and has us well positioned for continued success in 2020 and beyond. We also continued to prudently manage our capital structure and repurchased approximately $21.3 million of our common stock in the quarter.

The USA based company Renasant Corporation moved with change of -1.07% to $35.2 with the total traded volume of 246337 shares in recent session versus to an average volume of 213.90K. The stock was observed in the 5 days activity at 1.06%. The one month performance of stock was -3.69%. RNST’s shares are at -2.26% for the quarter and driving a 2.15% return over the course of the past year and is now at -0.62% since this point in 2018.  Right now the stock beta is 1.18. The average volatility for the week and month was at 1.94% and 1.53% respectively. There are 56.17M shares outstanding and 54.76M shares are floated in market.

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