Keefe Bruyette says own Renasant shares into 2025
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 31 2024
0mins
Source: Business Insider
Analyst Recommendation: Keefe Bruyette analyst Catherine Mealor advises investors to buy Renasant (RNST) stock, labeling it a “Holiday Opportunity” with an Outperform rating and a $45 price target, citing profitability improvements from the First Bancshares deal.
Investment Appeal: The analyst highlights Renasant's strong balance sheet, manageable commercial real estate exposure, and attractive relative value as reasons for its potential growth, especially in the context of the "buy the buyers" investment theme into 2025.
Analyst Views on RNST
Wall Street analysts forecast RNST stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for RNST is 45.00 USD with a low forecast of 45.00 USD and a high forecast of 45.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 36.910
Low
45.00
Averages
45.00
High
45.00
Current: 36.910
Low
45.00
Averages
45.00
High
45.00
About RNST
Renasant Corporation is a bank holding company for Renasant Bank (the Bank). The Bank owns and operates approximately 280 banking, lending, mortgage, and wealth management offices throughout the Southeast as well as offering factoring and asset-based lending on a nationwide basis. Its Community Banks segment delivers a complete range of banking and financial services to individuals and small to medium-sized businesses, including checking and savings accounts, business and personal loans, asset-based lending, factoring, equipment leasing and treasury management services, as well as safe deposit, among others. Its Wealth Management segment, through the Trust division, offers a range of fiduciary services, including the administration (as trustee or in other fiduciary or representative capacities) of benefit plans, management of trust accounts, inclusive of personal and corporate benefit accounts, and custodial accounts, as well as accounting and money management for trust accounts.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
