Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Pinnacle Financial Partners (PNFP) Stock Price
News stories about Pinnacle Financial Partners (NASDAQ:PNFP) have trended somewhat positive this week, according to Accern. Accern scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Pinnacle Financial Partners earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 46.7093213524631 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- Pinnacle Financial Partners (PNFP) Given a $76.00 Price Target at Sandler O’Neill (americanbankingnews.com)
- SunTrust analyst lowers Pinnacle target (nashvillepost.com)
- Research Analysts Issue Forecasts for Pinnacle Financial Partners’ Q1 2018 Earnings (PNFP) (americanbankingnews.com)
- Matousek, Hill And Hamilton Join Pinnacle Financial Partners (chattanoogan.com)
- Pinnacle Financial Partners, Inc. (PNFP) Q4 2017 Earnings Conference Call Transcript (finance.yahoo.com)
Shares of Pinnacle Financial Partners (NASDAQ:PNFP) opened at $64.00 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.00 and a quick ratio of 0.98. The stock has a market capitalization of $4,950.00, a P/E ratio of 22.86, a PEG ratio of 0.98 and a beta of 1.31. Pinnacle Financial Partners has a 12 month low of $58.40 and a 12 month high of $71.55.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Friday, February 2nd will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date is Thursday, February 1st. Pinnacle Financial Partners’s dividend payout ratio is presently 20.00%.
A number of analysts have recently commented on the company. Sandler O’Neill set a $76.00 price objective on Pinnacle Financial Partners and gave the company a “buy” rating in a research report on Thursday. SunTrust Banks cut their price objective on Pinnacle Financial Partners to $80.00 and set a “buy” rating for the company in a research report on Thursday. BidaskClub cut Pinnacle Financial Partners from a “hold” rating to a “sell” rating in a research report on Thursday, January 4th. Wells Fargo & Co assumed coverage on Pinnacle Financial Partners in a research report on Thursday, December 21st. They issued an “outperform” rating and a $80.00 price objective for the company. Finally, Zacks Investment Research upgraded Pinnacle Financial Partners from a “hold” rating to a “buy” rating and set a $76.00 price objective for the company in a research report on Wednesday, December 20th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $76.14.
In other news, CEO M Terry Turner sold 31,171 shares of Pinnacle Financial Partners stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $67.11, for a total value of $2,091,885.81. Following the sale, the chief executive officer now directly owns 489,701 shares of the company’s stock, valued at $32,863,834.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thomas R. Sloan sold 15,000 shares of Pinnacle Financial Partners stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $65.97, for a total value of $989,550.00. Following the completion of the sale, the director now directly owns 108,257 shares in the company, valued at $7,141,714.29. The disclosure for this sale can be found here. Insiders sold 55,171 shares of company stock worth $3,682,756 over the last ninety days. Corporate insiders own 5.41% of the company’s stock.
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About Pinnacle Financial Partners
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.
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