Is Renasant Corp. overvalued or undervalued?

As of 22 July 2025, Renasant Corp. has moved from an attractive to a fair valuation grade. The company appears to be fairly valued based on its current metrics. The P/E ratio stands at 17, which is higher than the industry average, while the Price to Book Value is 1.29 and the EV to EBITDA ratio is 10.35, indicating a moderate valuation relative to its peers.
In comparison to its peers, The Bancorp, Inc. has a P/E of 15.42 and is considered expensive, while BankUnited, Inc. is attractive with a P/E of 11.46. Renasant's PEG ratio of 0.88 suggests potential for growth at a reasonable price, but the overall valuation indicates it is neither undervalued nor overvalued. Over the past year, Renasant Corp. has returned 16.20%, slightly trailing the S&P 500's 17.14%, which reinforces the notion of its fair valuation in a competitive market.