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RNST Renasant

Renasant Corporation is the parent of Renasant Bank, a 116 year-old financial services institution. Renasant has assets of approximately $14.9 billion and operates more than 200 banking, lending, mortgage, wealth management and insurance offices throughout Mississippi, Tennessee, Alabama, Florida, Georgia, North Carolina and South Carolina.

Company profile

Ticker
RNST
Exchange
CEO
Edward McGraw
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
PEOPLES HOLDING CO
SEC CIK
IRS number
640676974

RNST stock data

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Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

7 May 21
28 Jul 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Renasant earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 1.26B 1.26B 1.26B 1.26B 1.26B 1.26B
Cash burn (monthly) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) 18.93M (positive/no burn)
Cash used (since last report) n/a n/a n/a n/a 73.99M n/a
Cash remaining n/a n/a n/a n/a 1.19B n/a
Runway (months of cash) n/a n/a n/a n/a 62.8 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
30 Jun 21 Deer Jill V Phantom Stock Common Stock Grant Aquire A No No 42.19 99.25 4.19K 5,598.3
30 Jun 21 Suggs Sean M. Phantom Stock Common Stock Grant Aquire A No No 42.19 379.24 16K 3,288.78
30 Jun 21 Adams Tracey Morant Phantom Stock Common Stock Grant Aquire A No No 42.76 20.46 874.87 39.47
30 Jun 21 Mcgraw Edward Robinson Phantom Stock Common Stock Grant Aquire A No No 42.76 49.11 2.1K 8,350.56
30 Jun 21 Shmerling Michael D Phantom Stock Common Stock Grant Aquire A No No 42.19 426.64 18K 24,215.21

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

84.0% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 173 168 +3.0%
Opened positions 24 45 -46.7%
Closed positions 19 21 -9.5%
Increased positions 49 52 -5.8%
Reduced positions 66 42 +57.1%
13F shares
Current Prev Q Change
Total value 3.08B 1.58B +94.3%
Total shares 47.28M 48.68M -2.9%
Total puts 0 0
Total calls 112.5K 33.6K +234.8%
Total put/call ratio
Largest owners
Shares Value Change
BLK Blackrock 8.27M $342.22M -0.2%
Vanguard 5.84M $241.84M +2.7%
Dimensional Fund Advisors 3.76M $156.1M -1.0%
Victory Capital Management 3.31M $136.83M +0.6%
STT State Street 2.75M $113.83M +36.0%
GS Goldman Sachs 1.98M $81.99M -1.8%
WFC Wells Fargo & Co. 1.77M $73.16M -2.1%
Frontier Capital Management 1.69M $0 0.0%
WHG Westwood 1.16M $47.98M +2.1%
Channing Capital Management 1.11M $45.91M +2.4%
Largest transactions
Shares Bought/sold Change
STT State Street 2.75M +727.98K +36.0%
Norges Bank 0 -626.54K EXIT
Nuveen Asset Management 308.71K -516.44K -62.6%
Frontier Capital Management 802.95K -264.56K -24.8%
NTRS Northern Trust 812.08K -213.01K -20.8%
Vanguard 5.84M +156.12K +2.7%
Forest Hill Capital 93.38K -152.89K -62.1%
William Blair Investment Management 205.04K -120.22K -37.0%
New York Life Investments Alternatives 0 -91.98K EXIT
AMP Ameriprise Financial 818.28K -85.24K -9.4%

Financial report summary

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Management Discussion
  • ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
  • This Form 10-Q may contain or incorporate by reference statements regarding Renasant Corporation (referred to herein as the “Company”, “we”, “our”, or “us”) that constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements preceded by, followed by or that otherwise include the words “believes,” “expects,” “projects,” “anticipates,” “intends,” “estimates,” “plans,” “potential,” “possible,” “may increase,” “may fluctuate,” “will likely result,” and similar expressions, or future or conditional verbs such as “will,” “should,” “would” and “could,” are generally forward-looking in nature and not historical facts. Forward-looking statements include information about the Company’s future financial performance, business strategy, projected plans and objectives and are based on the current beliefs and expectations of management. The Company’s management believes these forward-looking statements are reasonable, but they are all inherently subject to significant business, economic and competitive risks and uncertainties, many of which are beyond the Company’s control. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Actual results may differ from those indicated or implied in the forward-looking statements, and such differences may be material. Prospective investors are cautioned that any such forward-looking statements are not guarantees for future performance and involve risks and uncertainties and, accordingly, investors should not place undue reliance on these forward-looking statements, which speak only as of the date they are made.
  • In the current environment, one of the most important factors that could cause the Company’s actual results to differ materially from those in forward-looking statements is the continued impact of the COVID-19 pandemic and related governmental measures to respond to the pandemic on the United States economy and the economies of the markets in which the Company operates and its participation in government programs related to the pandemic. In this Form 10-Q, the Company addresses the historical impact of the pandemic on certain aspects of the Company’s operations and sets forth certain expectations regarding the COVID-19 pandemic’s future impact on the Company’s business, financial condition, results of operations, liquidity, asset quality, capital, cash flows and prospects. The Company believes that its statements regarding future events and conditions in light of the COVID-19 pandemic are reasonable, but these statements are based on assumptions regarding, among other things, how long the pandemic will continue, the pace at which the COVID-19 vaccine can be distributed and administered to residents of the markets the Company serves and the United States generally, the duration, extent and effectiveness of the governmental measures implemented to contain the pandemic and ameliorate its impact on businesses and individuals throughout the United States, and the impact of the pandemic and the government’s virus containment measures on national and local economies, all of which are out of the Company’s control. If the Company’s assumptions underlying its statements about future events prove to be incorrect, the Company’s business, financial condition, results of operations, liquidity, asset quality, capital, cash flows and prospects may be materially different from what is presented in the Company’s forward-looking statements.
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