News · Renasant Corporation (RNST) · Financial Services

Renasant falls 3.3% after mixed third-quarter results and an acquisition announcement

Session of October 28, 2026 · Published October 29, 2026 · 4 min read

What happened

Renasant (RNST) fell 3.3% on October 28, 2026, after the bank reported third-quarter results that missed estimates and announced an acquisition that will add over $900M of low-cost deposits. The company said earnings per share were $0.86 for the quarter, against $0.94 expected, 8.8% below estimates, and disclosed an agreement to acquire a commercial holding company to extend its West Tennessee presence. Trading volume was 2.2 times its 20-day average as investors reacted to the releases and the related earnings call held on October 28, 2026.

Closing price over the last 30 trading sessions. On October 28, 2026, RNST closed at $40.19, down 3.3% on the day and 0.8% lower than 30 sessions earlier.

How big was the move

The stock's decline was 3.3%, a fall described as 3.0 times a typical daily move for this stock. The session was 3.3 percentage points worse than the Financial Services sector median, which was unchanged on the day, while the S&P 500 rose 0.3%. Over the last five sessions the stock fell 0.3%, compared with the S&P 500, which fell 0.2% over the same period. Opening traded 2.1% below the previous close, and the session matched one of 44 similar drops in the past five years; twenty trading days after those prior sessions the median result was a gain of 1.0%, and 23 of 44 were higher.

Each bar is one day's price change; the outlined bar is October 28, 2026. A typical daily move over the past year was 1.4%, so the latest move equals 2.3 times that. Moves outside the dashed lines (about 2.9%) are unusual.

The technical picture

The stock closed 0.6% above its 20-day moving average, 0.5% below its 50-day moving average and 0.0% above its 200-day moving average. The 50-day average is above the 200-day average, a sign of an established uptrend, and the stock had been above the 200-day average for 7 consecutive trading days. The distance from its 52-week high was 9.8% below that high. Its Relative Strength Index (14 days) stood at 49, inside a neutral range between 30 and 70. Over one month the stock rose 2.2%, over three months it fell 7.3%, and over one year it rose 14.9%, which is 2.3 percentage points ahead of the S&P 500. Sixty-day volatility was 18% annualized, lower than 98% of its own readings over five years.

Closing price over the past year. RNST ends the period 9.3% below its 52-week high, below its 50-day average ($40.39) and above its 200-day average ($40.18).

Fundamentals and valuation

For the four quarters through September 30, 2026, the company reported revenue of $1.28 billion, which grew 4.4% from a year earlier, and diluted earnings per share of $3.57, which rose 79.3% from a year earlier. Gross margin was 60.0% (a year earlier: 56.8%) and operating margin was 15.3% (a year earlier: 14.6%). Return on invested capital was 2.4% and the balance sheet showed net debt of 2.5 times EBITDA. Share count over one year decreased by 3.9%.

Quarterly revenue by period end. The latest quarter brought $397M, 9.5% more than the same quarter a year earlier.

On valuation, the stock traded at 11.3 times trailing earnings and 10.6 times expected forward earnings. Its price to trailing earnings is lower than 71% of its own readings over the past five years, with a five-year median of 12.3 times earnings. Market value was $3.80 billion at the session close, reflecting a multiple that sits below the company’s five-year median.

Earnings and analyst expectations

Renasant reported its last quarterly results on October 27, 2026, and held an earnings call on October 28, 2026; EPS for the quarter was $0.86 against $0.94 expected, 8.8% below estimates. The company has had 0 consecutive quarters beating estimates; its average surprise over the last four reports was 4.7% above estimates, and the typical two-day reaction after recent reports was that the stock rose 0.3%. The next report is scheduled for January 26, 2027.

Diluted earnings per share by quarter. The latest quarter shows $0.86, against $0.63 in the same quarter a year earlier.

Analysts covering the stock number 16, the consensus rating is Buy, and 62% of ratings are Buy or Strong Buy. The consensus price target is $48.00, which is 19.4% above the closing price. Investors weighing the miss will consider the deposit-accretive acquisition alongside steady revenue growth and the large year-over-year increase in diluted earnings per share.

What to watch

October 27, 2026: Renasant agreed to acquire a commercial holding company that will extend its West Tennessee presence and bring in over $900M of low-cost, core deposits, according to the company's announcement.
October 27–28, 2026: The company reported third-quarter 2026 results and held an earnings call; EPS was $0.86 against $0.94 expected, 8.8% below estimates.
January 26, 2027: Next scheduled earnings report.
Trading volume on October 28, 2026, was 2.2 times its 20-day average and the session was 3.0 times a typical daily move for the stock.
In the past five years the stock had 44 sessions with a decline of at least 3.3%; twenty trading days later the median result was a gain of 1.0%, and 23 of 44 were higher.

Full RNST analysis: scores, chart and financials →