Renasant Corporation (NASDAQ:RNST) traded today at a new 52-week high of $40.00. So far today approximately 119,000 shares have been exchanged, as compared to an average 30-day volume of 350,000 shares.
Renasant Corp operates as a holding company for Renasant Bank, a Mississippi banking corporation, and its subsidiary, Renasant Insurance, Inc. It has three reportable segments: community banks, insurance, and wealth management. With its community banks segment, the company provides a range of financial services to individuals and small businesses. Its insurance segment is an insurance agency providing commercial and personal insurance through third-party carriers. The wealth management segment provides a range of services including money management and retirement planning. The majority of the company’s revenue is driven by lending activities in its community banks segment. Renasant Corporation primarily operates in the southern United States.
Renasant Corporation (NASDAQ:RNST) defies analysts with a current price ($39.96) 2.7% above its average consensus price target of $38.89.
In the past 52 weeks, shares of Renasant Corporation have traded between a low of $18.22 and a high of $40.00 and is now at $39.96, which is 119% above that low price.
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