Blue Trust Inc. Has $780,000 Stock Holdings in Renasant Co. (NASDAQ:RNST)

Blue Trust Inc. raised its holdings in shares of Renasant Co. (NASDAQ:RNST) by 13.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,814 shares of the financial services provider’s stock after purchasing an additional 2,623 shares during the quarter. Blue Trust Inc.’s holdings in Renasant were worth $780,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in RNST. Mutual of America Capital Management LLC increased its position in Renasant by 3.2% during the 3rd quarter. Mutual of America Capital Management LLC now owns 9,560 shares of the financial services provider’s stock worth $311,000 after buying an additional 300 shares during the period. Sheets Smith Wealth Management increased its position in 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 buying an additional 438 shares during the period. KBC Group NV increased its position in Renasant by 32.0% during the 3rd quarter. KBC Group NV now owns 2,457 shares of the financial services provider’s stock worth $80,000 after buying an additional 596 shares during the period. HighTower Advisors LLC increased its position in Renasant by 7.1% during the 3rd quarter. HighTower Advisors LLC now owns 11,126 shares of the financial services provider’s stock worth $365,000 after buying an additional 734 shares during the period. Finally, J.W. Cole Advisors Inc. increased its position in Renasant by 11.7% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 8,159 shares of the financial services provider’s stock worth $265,000 after buying an additional 856 shares during the period. Institutional investors and hedge funds own 77.31% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on RNST. Raymond James reiterated an “outperform” rating and set a $44.00 price objective (up previously from $40.00) on shares of Renasant in a research report on Thursday, January 30th. Piper Sandler raised their price target on Renasant from $41.00 to $44.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Hovde Group cut Renasant from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 13th. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $46.00 price target (up previously from $45.00) on shares of Renasant in a research report on Thursday, January 30th. Finally, Stephens raised their price target on Renasant from $44.00 to $47.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Renasant presently has a consensus rating of “Hold” and an average target price of $42.83.

Renasant Stock Performance

NASDAQ:RNST opened at $38.46 on Monday. The stock’s 50-day simple moving average is $36.66 and its 200 day simple moving average is $35.02. The firm has a market capitalization of $2.45 billion, a PE ratio of 11.76 and a beta of 1.03. The company has a quick ratio of 0.94, a current ratio of 0.96 and a debt-to-equity ratio of 0.16. Renasant Co. has a twelve month low of $27.98 and a twelve month high of $39.63.

Renasant 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.