Renasant Corporation operates as a bank holding company for Renasant Bank, which provides a range of financial, wealth management, fiduciary, and insurance services to retail and commercial customers. It operates through three segments: Community Banks, Insurance, and Wealth Management. The Community Banks segment offers checking and savings accounts, business and personal loans, asset-based lending, and equipment leasing services, as well as safe deposit and night depository facilities. It also provides commercial, financial, and agricultural loans; equipment financing and leasing; real estateÂ1-4 family mortgage; real estateÂcommercial mortgage; real estateÂconstruction loans for the construction of single family residential properties, multi-family properties, and commercial projects; installment loans to individuals; and interim construction loans, as well as automated teller machine (ATM), online and mobile banking, call center, and treasury management services. The Insurance segment provides insurance agency services, such as commercial and personal insurance products through insurance carriers. The Wealth Management segment offers range of wealth management and fiduciary services, including administration and management of trust accounts, such as personal and corporate benefit accounts, self-directed individual retirement accounts, and custodial accounts; annuities, mutual funds, and other investment services through a third party broker-dealer; and administers qualified retirement plans, profit sharing and other employee benefit plans, personal trusts, and estates. As of December 31, 2020, the company operated a network of 190 banking, lending, and mortgage offices located in Mississippi, Tennessee, Alabama, Florida, Georgia, North Carolina, and South Carolina; 157 full-service branches and 11 limited-service branches; 181 ATMs; and 32 interactive teller machines. Renasant Corporation was founded in 1904 and is headquartered in Tupelo, Mississippi.
IPO Year: 2023
Exchange: NASDAQ
Website: investors.renasant.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/28/2025 | $34.50 → $35.00 | Market Perform | Hovde Group |
| 4/24/2025 | $40.00 | Outperform → Strong Buy | Raymond James |
| 11/13/2024 | Outperform → Market Perform | Hovde Group | |
| 8/5/2024 | $38.00 → $39.00 | Market Perform → Outperform | Hovde Group |
| 8/5/2024 | $34.00 → $40.00 | Neutral → Overweight | Piper Sandler |
| 7/31/2024 | $34.00 → $41.00 | Equal-Weight → Overweight | Stephens |
| 7/31/2024 | $39.00 | Mkt Perform → Outperform | Raymond James |
| 7/25/2024 | $36.00 → $38.00 | Outperform → Market Perform | Hovde Group |
| 4/6/2023 | Outperform → Mkt Perform | Raymond James | |
| 10/27/2022 | $41.00 | Mkt Perform → Outperform | Raymond James |
Hovde Group reiterated coverage of Renasant with a rating of Market Perform and set a new price target of $35.00 from $34.50 previously
Raymond James upgraded Renasant from Outperform to Strong Buy and set a new price target of $40.00
Hovde Group downgraded Renasant from Outperform to Market Perform
Hovde Group upgraded Renasant from Market Perform to Outperform and set a new price target of $39.00 from $38.00 previously
Piper Sandler upgraded Renasant from Neutral to Overweight and set a new price target of $40.00 from $34.00 previously
Stephens upgraded Renasant from Equal-Weight to Overweight and set a new price target of $41.00 from $34.00 previously
Raymond James upgraded Renasant from Mkt Perform to Outperform and set a new price target of $39.00
Hovde Group downgraded Renasant from Outperform to Market Perform and set a new price target of $38.00 from $36.00 previously
Raymond James downgraded Renasant from Outperform to Mkt Perform
Raymond James upgraded Renasant from Mkt Perform to Outperform and set a new price target of $41.00