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Public signal · 1-minute delayed
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Renasant shares fell after announcing a public offering of 6.25 million shares. Analyst upgraded RNST to Overweight, raising price target from $35 to $40. The acquisition aims to enhance scale and profitability for Renasant. Renasant anticipates recovering ~14% TBVPS dilution in approximately 3.5 years. FBMS acquisition expected to improve profitability and cost savings for RNST.
- Renasant shares fell after announcing a public offering of 6.25 million shares.
- Analyst upgraded RNST to Overweight, raising price target from $35 to $40.
- The acquisition aims to enhance scale and profitability for Renasant.
- Renasant anticipates recovering ~14% TBVPS dilution in approximately 3.5 years.
- FBMS acquisition expected to improve profitability and cost savings for RNST.
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