On November 6, 2024, John Creekmore, Director at Renasant Corp (RNST, Financial), executed a sale of 3,000 shares of the company. The transaction was filed on the same day with the SEC. Following this transaction, the insider now owns 24,057 shares of Renasant Corp.
Renasant Corp operates as a financial services company, providing a range of financial, fiduciary, and insurance services to individuals and small to medium-sized businesses. The company's services include banking and financial management, wealth management, and insurance solutions.
Over the past year, the insider has sold a total of 3,000 shares and has not purchased any shares. This recent sale is the only insider sell recorded over the past year for Renasant Corp.
Shares of Renasant Corp were priced at $38 on the day of the transaction. The company has a market cap of approximately $2.37 billion. The price-earnings ratio stands at 12.12, which is above the industry median of 10.67.
The stock's valuation according to the GF Value is $33.24, indicating a price-to-GF-Value ratio of 1.14. This suggests that Renasant Corp is modestly overvalued based on its GF Value.
The GF Value is calculated considering historical multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This insider sale might be of interest to investors tracking insider behaviors and company valuation metrics to understand market and individual stock movements better.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
