Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) Vice Chairman Ronald L. Samuel sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $65.96, for a total value of $197,880.00. Following the completion of the transaction, the insider now owns 52,794 shares of the company’s stock, valued at $3,482,292.24. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) traded down $0.40 during midday trading on Friday, reaching $68.25. The company’s stock had a trading volume of 473,957 shares, compared to its average volume of 426,553. The company has a market cap of $5,300.00, a PE ratio of 20.19, a price-to-earnings-growth ratio of 1.61 and a beta of 1.32. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.99 and a quick ratio of 0.98. Pinnacle Financial Partners, Inc. has a 12-month low of $58.40 and a 12-month high of $71.85.

Pinnacle Financial Partners (NASDAQ:PNFP) last released its earnings results on Tuesday, October 17th. The financial services provider reported $0.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.01. The firm had revenue of $216.20 million for the quarter, compared to analysts’ expectations of $217.13 million. Pinnacle Financial Partners had a return on equity of 7.36% and a net margin of 27.41%. The business’s quarterly revenue was up 102.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.78 EPS. sell-side analysts forecast that Pinnacle Financial Partners, Inc. will post 3.56 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, November 24th. Shareholders of record on Friday, November 3rd were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend was Thursday, November 2nd. Pinnacle Financial Partners’s payout ratio is 17.28%.

Several brokerages recently issued reports on PNFP. Piper Jaffray Companies set a $76.00 price objective on Pinnacle Financial Partners and gave the company a “buy” rating in a research report on Thursday. Zacks Investment Research lowered Pinnacle Financial Partners from a “buy” rating to a “sell” rating in a research report on Wednesday, October 11th. Hilliard Lyons lowered Pinnacle Financial Partners from a “buy” rating to a “neutral” rating and set a $74.00 price objective for the company. in a research report on Friday, October 20th. SunTrust Banks reiterated a “buy” rating and issued a $74.00 price objective on shares of Pinnacle Financial Partners in a research report on Friday, October 20th. Finally, BidaskClub lowered Pinnacle Financial Partners from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $73.75.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PNFP. Vanguard Group Inc. lifted its stake in Pinnacle Financial Partners by 42.6% in the 2nd quarter. Vanguard Group Inc. now owns 5,840,702 shares of the financial services provider’s stock valued at $366,796,000 after acquiring an additional 1,746,012 shares in the last quarter. Franklin Resources Inc. lifted its stake in Pinnacle Financial Partners by 186.2% in the 2nd quarter. Franklin Resources Inc. now owns 1,720,468 shares of the financial services provider’s stock valued at $108,045,000 after acquiring an additional 1,119,331 shares in the last quarter. Pinnacle Financial Partners Inc. lifted its stake in Pinnacle Financial Partners by 337.7% in the 3rd quarter. Pinnacle Financial Partners Inc. now owns 1,112,747 shares of the financial services provider’s stock valued at $74,498,000 after acquiring an additional 858,514 shares in the last quarter. State Street Corp lifted its stake in Pinnacle Financial Partners by 42.8% in the 2nd quarter. State Street Corp now owns 2,733,336 shares of the financial services provider’s stock valued at $171,658,000 after acquiring an additional 819,858 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in Pinnacle Financial Partners by 56.0% in the 2nd quarter. Goldman Sachs Group Inc. now owns 2,128,192 shares of the financial services provider’s stock valued at $133,651,000 after acquiring an additional 764,072 shares in the last quarter. Hedge funds and other institutional investors own 71.80% of the company’s stock.

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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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