Piper Sandler (NYSE:PIPR) analyst Brad Milsaps maintained a Hold rating on Renasant (NASDAQ:RNST) Corp. on Wednesday, setting a price target of $25, which is approximately 9.58% above the present share price of $22.82.
Milsaps expects Renasant Corp . to post earnings per share (EPS) of $0.36 for the third quarter of 2020.
The current consensus among 3 TipRanks analysts is for a Hold rating of shares in Renasant, with an average price target of $28.
The analysts price targets range from a high of $29 to a low of $27.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $169.95 million and a net profit of $0. The company's market cap is $1.28 billion.
According to TipRanks.com, Piper Sandler analyst Brad Milsaps is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -5.2% and a 37.06% success rate.
Renasant Corp. is a bank holding company, which engages in the provision of financial, fiduciary, and insurance services through its the Renasant Bank. It operates through the following segments: Community Banks, Insurance and Wealth Management. The Community Banks segment delivers banking and financial services to individuals and small to medium sized businesses including checking and savings accounts, business and personal loans, interim construction loans, specialty commercial lending, as well as safe deposit and night depository facilities. The Insurance segment includes full service insurance agency offering lines of commercial and personal insurance. The Wealth Management segment provides fiduciary services and administer qualified retirement plans, profit sharing and other employee benefit plans, personal trusts and estates. The company was founded in 1982 and is headquartered in Tupelo, MS.