Renasant Corporation (NASDAQ:RNST) is a $697 million bank holding company that operates over 85 branches in Mississippi, Tennessee, Alabama and Georgia. Renasant has been improving its nonperforming loan balance and growing loans while at the same time working on closing a merger with First M&F Corporation (NASDAQ:FMFC) in a deal valued at $151 million that will add just over $1.5 billion of assets to the bank's balance sheet.
Renasant has 77 branches in Mississippi and is the 4th largest by deposit share in the state. While I'm bullish on the internal improvements of the company, I'm a little skeptical on the benefit of the merger and even more so about the stock's current valuation. With the...
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