Renasant (NYSE:RNST) Vice Chairman C Mitchell Waycaster Sells 12,704 Shares

May 16, 2026 by InsiderTrades.com

Key Points

Renasant Vice Chairman C. Mitchell Waycaster sold 12,704 shares on May 14 at an average price of $39.50, totaling about $501,808. After the sale, he still held 183,235 shares.
The stock was down 1.3% and opened at $39.11, with the company showing a market cap of $3.61 billion and a 16.23 price-to-earnings ratio. Its shares have traded between $33.04 and $42.11 over the past year.
Renasant beat quarterly earnings estimates with EPS of $0.93 versus $0.84 expected, and it raised its quarterly dividend to $0.24 per share. Analysts currently rate the stock a consensus Buy with an average target price of $45.50.

Renasant Corp (NYSE:RNST - Get Free Report) Vice Chairman C Mitchell Waycaster sold 12,704 shares of the company's stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $39.50, for a total value of $501,808.00. Following the completion of the transaction, the insider owned 183,235 shares of the company's stock, valued at $7,237,782.50. The trade was a 6.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Renasant Trading Down 1.3%

Shares of NYSE RNST opened at $39.11 on Friday. The company has a fifty day moving average price of $38.02. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $3.61 billion, a price-to-earnings ratio of 16.23 and a beta of 0.97. Renasant Corp has a one year low of $33.04 and a one year high of $42.11.

Renasant (NYSE:RNST - Get Free Report) last issued its earnings results on Tuesday, April 28th. The company reported $0.93 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.09. The business had revenue of $278.49 million during the quarter, compared to analyst estimates of $275.71 million. Renasant had a return on equity of 8.17% and a net margin of 14.47%.During the same period in the prior year, the company posted $0.65 earnings per share. On average, research analysts anticipate that Renasant Corp will post 3.73 earnings per share for the current fiscal year.

Renasant Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be paid a dividend of $0.24 per share. This is an increase from Renasant's previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a yield of 2.5%. The ex-dividend date is Tuesday, June 16th. Renasant's dividend payout ratio is currently 38.17%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on RNST. TD Cowen reiterated a "buy" rating on shares of Renasant in a research note on Thursday, April 30th. Wall Street Zen upgraded Renasant from a "sell" rating to a "hold" rating in a research note on Sunday, March 8th. Weiss Ratings upgraded Renasant from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, March 10th. Finally, Hovde Group increased their price objective on Renasant from $44.00 to $46.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $45.50.

Read Our Latest Analysis on RNST

Institutional Trading of Renasant

Several large investors have recently made changes to their positions in the business. Maryland State Retirement & Pension System grew its holdings in shares of Renasant by 2.0% during the fourth quarter. Maryland State Retirement & Pension System now owns 13,939 shares of the company's stock worth $491,000 after purchasing an additional 279 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in Renasant by 1.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 21,701 shares of the company's stock valued at $764,000 after acquiring an additional 300 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in Renasant by 12.1% in the third quarter. Jones Financial Companies Lllp now owns 2,825 shares of the company's stock valued at $106,000 after acquiring an additional 306 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Renasant by 27.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,464 shares of the company's stock valued at $52,000 after acquiring an additional 312 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in Renasant by 68.7% in the third quarter. EverSource Wealth Advisors LLC now owns 857 shares of the company's stock valued at $32,000 after acquiring an additional 349 shares during the last quarter. Institutional investors own 77.31% of the company's stock.

Renasant Company Profile

(Get Free Report)

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. 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 estate1-4 family mortgage; real estatecommercial mortgage; real estateconstruction 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.