Renasant (RNST) and Its Rivals Head-To-Head Analysis

Renasant (NYSE:RNST) is one of 20 public companies in the “State Commercial Banks – Fed Reserve System” industry, but how does it compare to its rivals? We will compare Renasant to related companies based on the strength of its dividends, profitability, valuation, institutional ownership, risk, analyst recommendations and earnings.

Insider and Institutional Ownership

77.3% of Renasant shares are owned by institutional investors. Comparatively, 72.2% of shares of all “State Commercial Banks – Fed Reserve System” companies are owned by institutional investors. 2.8% of Renasant shares are owned by insiders. Comparatively, 6.7% of shares of all “State Commercial Banks – Fed Reserve System” companies are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.

Dividends

Renasant pays an annual dividend of $0.92 per share and has a dividend yield of 2.6%. Renasant pays out 46.2% of its earnings in the form of a dividend. As a group, “State Commercial Banks – Fed Reserve System” companies pay a dividend yield of 2.3% and pay out 67.3% of their earnings in the form of a dividend. Renasant is clearly a better dividend stock than its rivals, given its higher yield and lower payout ratio.

Profitability

This table compares Renasant and its rivals’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Renasant	11.26%	6.99%	1.01%
Renasant Competitors	7.23%	6.94%	0.79%

Analyst Ratings

This is a summary of recent ratings and price targets for Renasant and its rivals, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Renasant	0	1	0	1	3.00
Renasant Competitors	29	164	196	18	2.50

As a group, “State Commercial Banks – Fed Reserve System” companies have a potential upside of 6.45%. Given Renasant’s rivals higher probable upside, analysts clearly believe Renasant has less favorable growth aspects than its rivals.

Risk & Volatility

Renasant has a beta of 0.97, meaning that its stock price is 3% less volatile than the S&P 500. Comparatively, Renasant’s rivals have a beta of 1.01, meaning that their average stock price is 1% more volatile than the S&P 500.

Valuation & Earnings

This table compares Renasant and its rivals gross revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Renasant	$874.43 million	$195.46 million	17.77
Renasant Competitors	$665.70 million	$95.99 million	37.67

Renasant has higher revenue and earnings than its rivals. Renasant is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently more affordable than other companies in its industry.

Summary

Renasant beats its rivals on 10 of the 15 factors compared.

Renasant Company Profile

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 estate–1-4 family mortgage; real estate–commercial mortgage; real estate–construction 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. The Insurance segment provides insurance agency services, such as commercial and personal insurance products through insurance carriers. The Wealth Management segment offers a range of wealth management and fiduciary services, including administration and management of trust accounts, such as personal and corporate benefit accounts, and custodial accounts, as well as accounting and money management for trust accounts; annuities, mutual funds, and other investment services through a third party broker-dealer; and qualified retirement plans, IRAs, employee benefit plans, personal trusts, and estates. As of December 31, 2021, the company operated a network of 189 banking, lending, and mortgage offices located in Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina, and Tennessee; 150 full-service branches and 11 limited-service branches; 173 ATMs; and 38 interactive teller machines. Renasant Corporation was founded in 1904 and is headquartered in Tupelo, Mississippi.