Renasant shares have risen 21% over the past six months, outperforming the S&P 500 by 13 percentage points and now trading at $42.99. Despite this momentum, our analysis flags three concerns: annualized revenue growth of 9.4% over five years fell short of sector standards, earnings per share grew at a weaker 5% compounded annual rate, and tangible book value per share expanded at a sluggish 3.5% annual pace over the last two years. The stock trades at 1 times forward price-to-book, which we view as fair, but we lack conviction in the company's quality and see better opportunities elsewhere.
Renasant CorporationQ1 earnings revealed weak revenue growth, EPS growth, and tangible book value growth, raising concerns about quality.