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RNST
Stock ticker:
NASDAQ
AS OF
Aug 5 closing price
Price
$33.57
Change
+$0.36 (+1.08%)
Capitalization
1.88B

RNST Price Prediction, Renasant Corp AI Recommendations

Stock market charts, price targets, analyst ratings and a financial calendar
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A.I.Advisor
a Summary for AAPL with price predictions
12:00 AM EDT Aug 05, 2022

Aroon Indicator for RNST shows an upward move is likely

RNST's Aroon Indicator triggered a bullish signal on July 25, 2022. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 195 similar instances where the Aroon Indicator showed a similar pattern. In 125 of the 195 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at 64%.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on July 19, 2022. You may want to consider a long position or call options on RNST as a result. In of 82 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for RNST just turned positive on July 18, 2022. Looking at past instances where RNST's MACD turned positive, the stock continued to rise in of 51 cases over the following month. The odds of a continued upward trend are .

RNST moved above its 50-day moving average on July 19, 2022 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for RNST crossed bullishly above the 50-day moving average on July 25, 2022. This indicates that the trend has shifted higher and could be considered a buy signal. In of 19 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where RNST advanced for three days, in of 289 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The RSI Indicator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 12 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where RNST declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

RNST broke above its upper Bollinger Band on July 27, 2022. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. RNST’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.887) is normal, around the industry mean (2.416). P/E Ratio (12.579) is within average values for comparable stocks, (29.468). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (1.830). Dividend Yield (0.026) settles around the average of (0.037) among similar stocks. P/S Ratio (3.193) is also within normal values, averaging (3.155).

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. RNST’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 75, placing this stock worse than average.

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A.I.Advisor
published price charts
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A.I. Advisor
published Earnings

RNST is expected to report earnings to rise 7.04% to 75 cents per share on October 24

Renasant Corp RNST Stock Earnings Reports
Q3'22
Est.
$0.76
Q2'22
Beat
by $0.07
Q1'22
Beat
by $0.03
Q4'21
Beat
by $0.02
Q3'21
Beat
by $0.05
The last earnings report on July 26 showed earnings per share of 70 cents, beating the estimate of 64 cents. With 127.07K shares outstanding, the current market capitalization sits at 1.88B.
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A.I.Advisor
published Dividends

RNST paid dividends on June 30, 2022

Renasant Corp RNST Stock Dividends
А dividend of $0.22 per share was paid with a record date of June 30, 2022, and an ex-dividend date of June 15, 2022. Read more...
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A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are US Bancorp (NYSE:USB), PNC Financial Services Group (NYSE:PNC), Itau Unibanco Holding SA (NYSE:ITUB), Banco Bradesco SA (NYSE:BBD), Regions Financial Corp (NYSE:RF), Huntington Bancshares (NASDAQ:HBAN), Deutsche Bank Aktiengesellschaft (NYSE:DB), KeyCorp (NYSE:KEY), Veritex Holdings (NASDAQ:VBTX).

Industry description

Regional banks have a smaller reach than major banks, and cater mostly to one region of a country, such as a state or within a group of states. They offer services often similar – albeit with some limitations/smaller scale – compared to major banks. Taking deposits, making loans, mortgages, leases, credit cards , fund management, insurance and investment banking. SunTrust Banks, State Street Corp., M&T Bank Corp. are some examples of U.S. regional banks.

Market Cap

The average market capitalization across the Regional Banks Industry is 4.87B. The market cap for tickers in the group ranges from 10.73K to 128.69B. CIHKY holds the highest valuation in this group at 128.69B. The lowest valued company is ACBCQ at 10.73K.

High and low price notable news

The average weekly price growth across all stocks in the Regional Banks Industry was 1%. For the same Industry, the average monthly price growth was 3%, and the average quarterly price growth was -6%. GPFOF experienced the highest price growth at 40%, while ABTO experienced the biggest fall at -20%.

Volume

The average weekly volume growth across all stocks in the Regional Banks Industry was -22%. For the same stocks of the Industry, the average monthly volume growth was -23% and the average quarterly volume growth was -8%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 50
P/E Growth Rating: 51
Price Growth Rating: 55
SMR Rating: 47
Profit Risk Rating: 75
Seasonality Score: -6 (-100 ... +100)
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RNST
Buy/Sell Ratings
 
 
Technical Analysis# Of IndicatorsAvg. Odds
   
   
 
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published General Information

General Information

a regional bank

Industry RegionalBanks

Profile
Fundamentals
Details
Industry
Regional Banks
Address
209 Troy Street
Phone
+1 662 680-1001
Employees
2409
Web
https://www.renasant.com

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RNST and

Correlation & Price change

A.I.dvisor indicates that over the last year, RNST has been closely correlated with PPBI. These tickers have moved in lockstep 86% of the time. This A.I.-generated data suggests there is a high statistical probability that if RNST jumps, then PPBI could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To RNST
1D Price
Change %
RNST100%
+1.08%
PPBI - RNST
86%
Closely correlated
+0.36%
FFBC - RNST
86%
Closely correlated
+0.81%
BANR - RNST
84%
Closely correlated
+1.21%
ABCB - RNST
84%
Closely correlated
+0.79%
UCBI - RNST
83%
Closely correlated
+0.71%
More