Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) Receives $113.41 Average Target Price from Analysts

Shares of Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) have earned a consensus rating of “Moderate Buy” from the nineteen research firms that are presently covering the company, MarketBeat reports. Eight research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $113.4118.

Several analysts recently issued reports on PNFP shares. Citigroup upped their price objective on shares of Pinnacle Financial Partners from $118.00 to $122.00 and gave the stock a “buy” rating in a report on Monday, January 26th. Deutsche Bank Aktiengesellschaft set a $116.00 target price on shares of Pinnacle Financial Partners and gave the stock a “buy” rating in a report on Wednesday, January 21st. DA Davidson started coverage on shares of Pinnacle Financial Partners in a report on Monday, January 5th. They set a “neutral” rating and a $110.00 price target for the company. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Pinnacle Financial Partners in a research report on Thursday, January 22nd. Finally, Bank of America initiated coverage on Pinnacle Financial Partners in a research note on Monday, December 8th. They issued a “buy” rating and a $113.00 price objective on the stock.

Insider Activity at Pinnacle Financial Partners

In other Pinnacle Financial Partners news, CFO Andrew J. Jr. Gregory acquired 1,000 shares of Pinnacle Financial Partners stock in a transaction dated Thursday, February 12th. The stock was bought at an average cost of $94.52 per share, with a total value of $94,520.00. Following the completion of the transaction, the chief financial officer owned 49,485 shares of the company’s stock, valued at $4,677,322.20. The trade was a 2.06% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.46% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Pinnacle Financial Partners

A number of institutional investors and hedge funds have recently bought and sold shares of PNFP. Brown Brothers Harriman & Co. bought a new stake in Pinnacle Financial Partners in the 3rd quarter valued at $26,000. High Point Wealth Management LLC acquired a new position in shares of Pinnacle Financial Partners during the fourth quarter valued at about $27,000. BOKF NA raised its position in shares of Pinnacle Financial Partners by 1,204.5% during the third quarter. BOKF NA now owns 287 shares of the financial services provider’s stock valued at $27,000 after buying an additional 265 shares during the last quarter. Activest Wealth Management bought a new stake in shares of Pinnacle Financial Partners in the fourth quarter valued at about $28,000. Finally, Covestor Ltd lifted its stake in shares of Pinnacle Financial Partners by 193.9% in the third quarter. Covestor Ltd now owns 338 shares of the financial services provider’s stock valued at $32,000 after buying an additional 223 shares during the period. Institutional investors own 87.40% of the company’s stock.

Pinnacle Financial Partners Stock Down 0.8%

PNFP opened at $90.75 on Tuesday. The firm has a market cap of $7.04 billion, a P/E ratio of 11.53, a price-to-earnings-growth ratio of 0.48 and a beta of 1.02. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.89 and a current ratio of 0.89. The business has a 50 day moving average price of $96.84 and a 200 day moving average price of $94.42. Pinnacle Financial Partners has a twelve month low of $81.57 and a twelve month high of $120.46.

Pinnacle Financial Partners Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 6th were given a $0.50 dividend. The ex-dividend date of this dividend was Friday, February 6th. Pinnacle Financial Partners’s payout ratio is currently 24.72%.

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.