Stephens upgraded shares of Pinnacle Financial Partners (NASDAQ:PNFP) from an equal weight rating to an overweight rating in a research note issued to investors on Monday, Marketbeat.com reports.

PNFP has been the topic of several other reports. BidaskClub raised Pinnacle Financial Partners from a strong sell rating to a sell rating in a research note on Saturday, February 3rd. SunTrust Banks reissued a buy rating and issued a $74.00 price target on shares of Pinnacle Financial Partners in a research note on Friday, October 20th. Zacks Investment Research raised Pinnacle Financial Partners from a hold rating to a buy rating and set a $76.00 price target on the stock in a research note on Wednesday, December 20th. Wells Fargo & Co started coverage on Pinnacle Financial Partners in a research note on Thursday, December 21st. They issued an outperform rating and a $80.00 price target on the stock. Finally, Hilliard Lyons raised Pinnacle Financial Partners from a neutral rating to a buy rating in a research note on Wednesday, November 8th. One research analyst has rated the stock with a sell rating and seven have given a buy rating to the company’s stock. Pinnacle Financial Partners currently has a consensus rating of Buy and a consensus target price of $76.14.

Shares of Pinnacle Financial Partners (NASDAQ PNFP) opened at $60.20 on Monday. Pinnacle Financial Partners has a twelve month low of $58.40 and a twelve month high of $71.55. The company has a market capitalization of $4,750.00, a P/E ratio of 21.50, a P/E/G ratio of 0.94 and a beta of 1.13. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.48.

Pinnacle Financial Partners (NASDAQ:PNFP) last issued its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.03. Pinnacle Financial Partners had a return on equity of 7.24% and a net margin of 22.27%. The firm had revenue of $211.20 million for the quarter, compared to analyst estimates of $224.62 million. During the same period in the previous year, the firm earned $0.83 earnings per share. The company’s revenue was down 2.3% compared to the same quarter last year. equities analysts predict that Pinnacle Financial Partners will post 4.71 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Friday, February 2nd will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.93%. The ex-dividend date is Thursday, February 1st. Pinnacle Financial Partners’s dividend payout ratio (DPR) is presently 20.00%.

In other news, Vice Chairman Ronald L. Samuel sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $65.96, for a total transaction of $197,880.00. Following the transaction, the insider now directly 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 Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas R. Sloan sold 15,000 shares of the company’s 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 transaction, 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. Over the last three months, insiders sold 57,044 shares of company stock worth $3,791,760. Insiders own 5.41% of the company’s stock.

Large investors have recently modified their holdings of the company. Suntrust Banks Inc. acquired a new position in shares of Pinnacle Financial Partners during the second quarter worth approximately $556,000. ETRADE Capital Management LLC raised its position in shares of Pinnacle Financial Partners by 49.9% during the third quarter. ETRADE Capital Management LLC now owns 23,048 shares of the financial services provider’s stock worth $1,543,000 after purchasing an additional 7,668 shares during the period. Wells Fargo & Company MN raised its position in shares of Pinnacle Financial Partners by 164.5% during the third quarter. Wells Fargo & Company MN now owns 813,985 shares of the financial services provider’s stock worth $54,496,000 after purchasing an additional 506,213 shares during the period. Walthausen & Co. LLC raised its position in shares of Pinnacle Financial Partners by 11.2% during the third quarter. Walthausen & Co. LLC now owns 179,687 shares of the financial services provider’s stock worth $12,030,000 after purchasing an additional 18,149 shares during the period. Finally, Maple Capital Management Inc. acquired a new position in shares of Pinnacle Financial Partners during the third quarter worth approximately $624,000. 72.78% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Pinnacle Financial Partners (NASDAQ:PNFP)

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