Billionaire Ken Fisher’s 10 Finance Stock Picks with Huge Upside Potential

2. Renasant Corporation (NASDAQ:RNST)

Number of Hedge Fund Holders: 14

Upside Potential: 51.88%

Renasant Corporation (NASDAQ:RNST) is a bank holding company for Renasant Bank, providing financial services, wealth management, fiduciary, and insurance services. Its business covers three main segments: Community Banks, Insurance, and Wealth Management. The company provides personal and business loans, real estate financing, equipment leasing, and investment services across the Southeast US.

For Q4 ended December 31, 2024, Renasant Corporation (NASDAQ:RNST) made $44.7 million, or $0.70 per diluted share. Its net interest income increased by $1.9 million to $135.5 million from the previous quarter. While adjusted NIM slightly improved to 3.34%, deposit costs dropped by 16 basis points to 2.35%, which was better than expected. The company grew loans by $257.4 million and deposits by $63 million in the quarter, while getting rid of all brokered deposits by year-end.

Renasant’s loan quality stayed solid as it set aside $3.1 million for possible credit losses and had $1.7 million in net charge-offs. Problem loans and non-performing assets fell to 2.89% and 0.68% of total assets, respectively, as the company’s capital ratios remained strong throughout Q4.

Moreover, the company’s merger with The First is still set to finish in the first half of 2025. Therefore, Renasant Corporation (NASDAQ:RNST) expects its margin to grow modestly in 2025 and sees strength in all loan areas, with a $174 million pipeline going into Q1.

Ken Fisher’s portfolio consists of 414,108 Renasant Corporation (NASDAQ:RNST) shares worth $14.8 million as of Q4 2024. This pick fits well within the Ken Fisher Stock Portfolio, as it offers a value-driven positioning within the sector.