US stock futures inch lower after Wall St marks fresh records on tech gains
Renasant Corporation stock reached a notable milestone, hitting a 52-week high at 39.76 USD. The $3.77 billion market cap financial services company trades at a P/E ratio of 17.53 and offers a 2.25% dividend yield, having maintained dividend payments for 33 consecutive years according to InvestingPro data. This achievement reflects a significant upward trend over the past year, with the stock experiencing a 1-year change of 18.7%. The financial services company has shown resilience and growth, with revenue increasing 17.23% over the last twelve months. The 52-week high underscores the market’s confidence in Renasant Corporation’s performance and future prospects, with five analysts recently revising their earnings expectations upward. InvestingPro’s Fair Value analysis suggests the stock remains slightly undervalued despite its recent gains. Discover more insights and 12+ additional ProTips with an InvestingPro subscription.
In other recent news, Renasant Corporation reported its second-quarter earnings for 2025, exceeding analysts’ expectations with an earnings per share of $0.69, compared to the anticipated $0.68. The company’s revenue also surpassed projections, reaching $267.19 million against the expected $264.05 million. Following these results, Raymond James raised its price target for Renasant to $44.00 from $40.00, maintaining a Strong Buy rating. This decision was influenced by the bank’s solid performance, despite some challenges related to its acquisition of FBMS. Additionally, Renasant Corporation declared a quarterly cash dividend of $0.22 per share, payable on September 30, 2025, to shareholders of record as of September 16, 2025. These developments highlight the company’s financial health and strategic decisions in recent months.
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