Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) Receives $113.00 Average PT from Analysts

Shares of Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) have received a consensus recommendation of “Moderate Buy” from the twenty brokerages that are presently covering the firm, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $113.00.

Several brokerages have issued reports on PNFP. Evercore ISI started coverage on shares of Pinnacle Financial Partners in a research note on Tuesday, January 6th. They issued an “outperform” rating and a $115.00 price objective on the stock. Cowen reissued a “buy” rating on shares of Pinnacle Financial Partners in a report on Wednesday, January 7th. Bank of America initiated coverage on Pinnacle Financial Partners in a report on Monday, December 8th. They issued a “buy” rating and a $113.00 price objective on the stock. Stephens cut their target price on Pinnacle Financial Partners from $104.00 to $97.00 and set an “equal weight” rating for the company in a research note on Friday, October 17th. Finally, Raymond James Financial raised Pinnacle Financial Partners from a “market perform” rating to a “strong-buy” rating and set a $120.00 price target for the company in a report on Thursday, December 11th.

Insiders Place Their Bets

In related news, Director G Kennedy Thompson purchased 5,000 shares of the business’s stock in a transaction dated Monday, October 20th. The stock was acquired at an average price of $87.63 per share, for a total transaction of $438,150.00. Following the acquisition, the director directly owned 33,372 shares of the company’s stock, valued at $2,924,388.36. This trade represents a 17.62% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Robert A. Mccabe, Jr. sold 6,775 shares of the firm’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $93.00, for a total transaction of $630,075.00. Following the completion of the sale, the chairman owned 202,505 shares of the company’s stock, valued at $18,832,965. This trade represents a 3.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.46% of the company’s stock.

Institutional Investors Weigh In On Pinnacle Financial Partners

A number of institutional investors and hedge funds have recently modified their holdings of the company. Hunter Perkins Capital Management LLC boosted its position in Pinnacle Financial Partners by 1.3% during the fourth quarter. Hunter Perkins Capital Management LLC now owns 12,850 shares of the financial services provider’s stock worth $1,226,000 after purchasing an additional 165 shares in the last quarter. Exchange Traded Concepts LLC acquired a new position in shares of Pinnacle Financial Partners during the 4th quarter worth $118,000. Pallas Capital Advisors LLC boosted its position in shares of Pinnacle Financial Partners by 33.9% in the 4th quarter. Pallas Capital Advisors LLC now owns 6,007 shares of the financial services provider’s stock worth $573,000 after buying an additional 1,520 shares in the last quarter. Family Wealth Partners LLC acquired a new stake in Pinnacle Financial Partners in the 4th quarter valued at about $212,000. Finally, Ausbil Investment Management Ltd increased its holdings in Pinnacle Financial Partners by 130.8% during the 4th quarter. Ausbil Investment Management Ltd now owns 10,663 shares of the financial services provider’s stock valued at $1,017,000 after acquiring an additional 6,042 shares in the last quarter. Institutional investors and hedge funds own 87.40% of the company’s stock.

Pinnacle Financial Partners Stock Up 0.8%

Pinnacle Financial Partners stock opened at $95.99 on Monday. The stock has a 50 day moving average of $94.72 and a two-hundred day moving average of $96.16. Pinnacle Financial Partners has a twelve month low of $81.57 and a twelve month high of $127.85. The stock has a market capitalization of $7.45 billion, a price-to-earnings ratio of 12.20, a PEG ratio of 0.48 and a beta of 1.02. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.33.

Pinnacle Financial Partners (NASDAQ:PNFP) last released its earnings results on Wednesday, October 15th. The financial services provider reported $2.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.05 by $0.22. Pinnacle Financial Partners had a return on equity of 9.91% and a net margin of 19.17%.The business had revenue of $544.80 million for the quarter, compared to analyst estimates of $526.40 million. During the same quarter in the previous year, the company posted $1.86 earnings per share. As a group, research analysts expect that Pinnacle Financial Partners will post 7.85 earnings per share for the current year.

Pinnacle Financial Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 7th were issued a $0.24 dividend. The ex-dividend date of this dividend was Friday, November 7th. This represents a $0.96 dividend on an annualized basis and a yield of 1.0%. Pinnacle Financial Partners’s dividend payout ratio (DPR) is 12.20%.

Pinnacle Financial Partners Company Profile

Pinnacle Financial Partners, Inc (NASDAQ: PNFP) is a financial services company headquartered in Nashville, Tennessee, that provides banking, wealth management and insurance solutions to business and consumer clients. The company operates through two primary segments—Banking and Wealth Management & Advisory—offering a comprehensive suite of products that includes commercial and consumer lending, deposit services, treasury management, trust and investment advisory, and insurance brokerage. Pinnacle’s client-focused model emphasizes relationship-based banking, leveraging local decision-making authority and specialized industry expertise to serve diverse sectors such as healthcare, technology, real estate and professional services.

In its banking segment, Pinnacle delivers commercial and consumer loans, lines of credit, equipment financing, and mortgage lending.