Renasant Corp. (NASDAQ:RNST) had its price target lowered by Jefferies Group to $38.00 in a research note issued to investors on Thursday, StockTargetPrices.com reports. The firm presently has a “buy” rating on the financial services provider’s stock. Jefferies Group’s target price indicates a potential upside of 28.21% from the company’s previous close.

Renasant Corp. (NASDAQ:RNST) traded down 3.95% on Thursday, reaching $29.64. 152,685 shares of the company traded hands. Renasant Corp. has a 52-week low of $26.14 and a 52-week high of $37.28. The firm has a market cap of $1.19 billion and a P/E ratio of 15.77. The stock has a 50-day moving average price of $33.86 and a 200-day moving average price of $33.55.

Renasant Corp. (NASDAQ:RNST) last issued its quarterly earnings results on Tuesday, January 19th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by $0.03. During the same quarter in the previous year, the business posted $0.49 EPS. Analysts anticipate that Renasant Corp. will post $2.34 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 31st. Stockholders of record on Thursday, December 17th were paid a dividend of $0.17 per share. The ex-dividend date was Tuesday, December 15th. This represents a $0.68 annualized dividend and a dividend yield of 2.29%.

In related news, Director William M. Beasley sold 1,000 shares of Renasant Corp. stock in a transaction dated Tuesday, October 27th. The shares were sold at an average price of $35.11, for a total transaction of $35,110.00. Following the completion of the sale, the director now owns 37,589 shares of the company’s stock, valued at approximately $1,319,749.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jeffrey B. Lacey sold 12,665 shares of Renasant Corp. stock in a transaction dated Monday, November 23rd. The stock was sold at an average price of $36.36, for a total transaction of $460,499.40. The disclosure for this sale can be found here.

Several hedge funds recently made changes to their positions in the company. Shinko Asset Management Co. Ltd. increased its stake in shares of Renasant Corp. by 19.8% in the fourth quarter. Shinko Asset Management Co. Ltd. now owns 107,492 shares of the financial services provider’s stock valued at $3,699,000 after buying an additional 17,784 shares during the last quarter. Simplex Trading bought a new stake in shares of Renasant Corp. during the fourth quarter valued at approximately $0. Commonwealth Equity Services increased its stake in shares of Renasant Corp. by 0.3% in the fourth quarter. Commonwealth Equity Services now owns 7,538 shares of the financial services provider’s stock valued at $259,000 after buying an additional 26 shares during the last quarter. Fisher Asset Management increased its stake in shares of Renasant Corp. by 19.8% in the fourth quarter. Fisher Asset Management now owns 107,492 shares of the financial services provider’s stock valued at $3,699,000 after buying an additional 17,784 shares during the last quarter. Finally, Jennison Associates increased its stake in shares of Renasant Corp. by 221.2% in the third quarter. Jennison Associates now owns 293,456 shares of the financial services provider’s stock valued at $9,640,000 after buying an additional 202,100 shares during the last quarter.

RNST has been the topic of several other reports. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $37.00 price target on shares of Renasant Corp. in a research note on Thursday, October 22nd. Zacks Investment Research upgraded shares of Renasant Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, November 4th. Stephens lowered shares of Renasant Corp. from an “overweight” rating to an “equal weight” rating in a research note on Thursday, October 22nd. Finally, Hilliard Lyons upgraded shares of Renasant Corp. from a “neutral” rating to a “buy” rating in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $37.67.

Renasant Corporation is a bank holding company that owns and operates Renasant Bank (NASDAQ:RNST) and Renasant Insurance, Inc. The Bank offers services, including checking and savings accounts, business and personal loans, interim construction loans, equipment leasing, as well as safe deposit and night depository facilities. The Company operates in three segments: Community Banks segment, which offers banking and financial services to individuals and small to medium-sized businesses, including checking and savings accounts, business and personal loans, equipment leasing, as well as safe deposit and night depository facilities; the Insurance segment, which includes a full service insurance agency offering lines of commercial and personal insurance, and the Wealth Management segment, which offers fiduciary services, which includes the administration and management of trust accounts, including personal and corporate benefit accounts, custodial accounts, and others.

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