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TUPELO, Miss. - Renasant Corporation (NYSE:RNST) announced Monday that its board of directors has approved a quarterly cash dividend of $0.22 per share, maintaining its impressive 33-year streak of consecutive dividend payments. The current dividend yield stands at 2.34%, reflecting the company’s commitment to shareholder returns.
The dividend will be paid on September 30, 2025, to shareholders of record as of September 16, 2025, according to a press release statement from the financial services company. With a market capitalization of $3.55 billion and a P/E ratio of 16.58, Renasant appears slightly undervalued according to InvestingPro analysis.
Renasant Corporation is the parent company of Renasant Bank, a 121-year-old financial institution with approximately $26.6 billion in assets. The bank operates 300 banking, lending, mortgage and wealth management offices throughout the Southeast region.
The company also offers factoring and asset-based lending services nationwide.
This quarterly dividend announcement represents a routine financial update for the Mississippi-based financial services provider.
In other recent news, Renasant Corporation reported its second-quarter earnings for 2025, surpassing analysts’ expectations. The company achieved an earnings per share (EPS) of $0.69, exceeding the forecasted $0.68. Revenue also outperformed projections, totaling $267.19 million compared to the anticipated $264.05 million. Despite these positive results, the stock price experienced a decline, reflecting a cautious market sentiment. Additionally, Raymond James raised its price target for Renasant to $44.00 from $40.00, maintaining a Strong Buy rating. This decision followed Renasant’s solid performance, which included core pre-provision net revenue exceeding both Raymond James’ forecasts and consensus estimates. The bank’s recent acquisition of FBMS contributed to some noise in the results, but overall performance remained strong. These developments highlight the ongoing interest and analysis from financial firms regarding Renasant’s financial health and market position.
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