Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) Director Thomas R. Sloan sold 10,000 shares of the stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $67.25, for a total transaction of $672,500.00. Following the sale, the director now owns 128,257 shares in the company, valued at $8,625,283.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Pinnacle Financial Partners, Inc. (PNFP) traded down 0.96% on Monday, hitting $66.80. 508,878 shares of the stock were exchanged. The firm has a market cap of $5.19 billion, a PE ratio of 20.54 and a beta of 1.31. Pinnacle Financial Partners, Inc. has a 52-week low of $49.40 and a 52-week high of $71.85. The company has a 50-day moving average price of $64.73 and a 200-day moving average price of $63.56.

Pinnacle Financial Partners (NASDAQ:PNFP) last issued its quarterly earnings data on Tuesday, October 17th. The financial services provider reported $0.90 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.01. Pinnacle Financial Partners had a return on equity of 7.36% and a net margin of 27.41%. The company had revenue of $216.20 million during the quarter, compared to analyst estimates of $217.13 million. During the same quarter in the previous year, the firm earned $0.78 earnings per share. Pinnacle Financial Partners’s revenue was up 102.8% on a year-over-year basis. On average, equities research analysts anticipate that Pinnacle Financial Partners, Inc. will post $3.47 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Stockholders of record on Friday, November 3rd will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Thursday, November 2nd. Pinnacle Financial Partners’s payout ratio is 17.34%.

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A number of research analysts have recently commented on PNFP shares. Piper Jaffray Companies reissued a “buy” rating and issued a $74.00 target price on shares of Pinnacle Financial Partners in a report on Thursday. Stephens reissued a “hold” rating and issued a $71.00 target price on shares of Pinnacle Financial Partners in a report on Thursday, July 20th. Hilliard Lyons cut shares of Pinnacle Financial Partners from a “buy” rating to a “neutral” rating and set a $74.00 target price for the company. in a report on Friday. Zacks Investment Research cut shares of Pinnacle Financial Partners from a “buy” rating to a “sell” rating in a report on Wednesday, October 11th. Finally, BidaskClub cut shares of Pinnacle Financial Partners from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $73.25.

Several hedge funds and other institutional investors have recently modified their holdings of PNFP. BlackRock Inc. grew its holdings in shares of Pinnacle Financial Partners by 56,554.1% during the first quarter. BlackRock Inc. now owns 5,632,547 shares of the financial services provider’s stock worth $374,283,000 after purchasing an additional 5,622,605 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Pinnacle Financial Partners by 42.6% during the second quarter. Vanguard Group Inc. now owns 5,840,702 shares of the financial services provider’s stock worth $366,796,000 after purchasing an additional 1,746,012 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Pinnacle Financial Partners by 186.2% during the second quarter. Franklin Resources Inc. now owns 1,720,468 shares of the financial services provider’s stock worth $108,045,000 after purchasing an additional 1,119,331 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Pinnacle Financial Partners during the second quarter worth about $63,064,000. Finally, State Street Corp grew its holdings in shares of Pinnacle Financial Partners by 42.8% during the second quarter. State Street Corp now owns 2,733,336 shares of the financial services provider’s stock worth $171,658,000 after purchasing an additional 819,858 shares in the last quarter. 69.29% of the stock is owned by institutional investors.

Pinnacle Financial Partners Company Profile

Pinnacle Financial Partners, Inc is a bank holding company. The Company operates through its subsidiary, Pinnacle Bank. The Company operates as a community bank primarily in the urban markets of Nashville, Knoxville, Memphis and Chattanooga, Tennessee and other counties. It provides the personalized service associated with small community banks, while seeking to offer the products and services, such as investments and treasury management.

Insider Buying and Selling by Quarter for Pinnacle Financial Partners (NASDAQ:PNFP)

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