Q3 2024 Renasant Corp Earnings Call Transcript
| RNST Stock | USD 36.20 0.35 0.98% |
Slightly above 51% of Renasant's investor base is interested to short. The analysis of overall sentiment of trading Renasant stock suggests that many investors are impartial at this time. Renasant's investing sentiment can be driven by a variety of factors including economic data, Renasant's earnings reports, geopolitical events, and overall market trends.
Renasant |
Oct 23, 2024 0200PM GMTOperator Good day, and welcome to the Renasant Corporations third-quarter earnings conference call and webcast. Operator Instruction
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Renasant Fundamental Analysis
We analyze Renasant's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Renasant using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Renasant based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Shares Outstanding
Shares Outstanding Comparative Analysis
Renasant is currently under evaluation in shares outstanding category among its peers. Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Renasant Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Renasant stock to make a market-neutral strategy. Peer analysis of Renasant could also be used in its relative valuation, which is a method of valuing Renasant by comparing valuation metrics with similar companies.
Peers
Renasant Related Equities
| SYBT | Stock Yards | 2.30 | ||||
| TRMK | Trustmark | 1.36 | ||||
| SFNC | Simmons First | 1.29 | ||||
| STBA | ST Bancorp | 1.06 | ||||
| SASR | Sandy Spring | 1.01 |
Additional Tools for Renasant Stock Analysis
When running Renasant's price analysis, check to measure Renasant's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Renasant is operating at the current time. Most of Renasant's value examination focuses on studying past and present price action to predict the probability of Renasant's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Renasant's price. Additionally, you may evaluate how the addition of Renasant to your portfolios can decrease your overall portfolio volatility.