Pinnacle Financial Partners, Inc. $PNFP Shares Bought by Kestra Advisory Services LLC

Kestra Advisory Services LLC lifted its holdings in shares of Pinnacle Financial Partners, Inc. (NYSE:PNFP) by 4,809.1% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 20,029 shares of the company’s stock after buying an additional 19,621 shares during the quarter. Kestra Advisory Services LLC’s holdings in Pinnacle Financial Partners were worth $1,725,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Pinnacle Financial Partners by 1.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 7,377 shares of the company’s stock worth $704,000 after acquiring an additional 116 shares during the period. Villanova Investment Management Co LLC increased its position in Pinnacle Financial Partners by 0.4% during the fourth quarter. Villanova Investment Management Co LLC now owns 28,511 shares of the company’s stock worth $2,720,000 after purchasing an additional 118 shares during the last quarter. Diversified Trust Co. boosted its holdings in Pinnacle Financial Partners by 0.3% in the fourth quarter. Diversified Trust Co. now owns 54,349 shares of the company’s stock valued at $5,185,000 after acquiring an additional 137 shares during the last quarter. Whittier Trust Co. lifted its position in Pinnacle Financial Partners by 10.1% during the fourth quarter. Whittier Trust Co. now owns 1,521 shares of the company’s stock valued at $145,000 after buying an additional 140 shares in the last quarter. Finally, Graham Capital Management L.P. boosted its position in shares of Pinnacle Financial Partners by 0.7% in the fourth quarter. Graham Capital Management L.P. now owns 22,169 shares of the company’s stock worth $2,115,000 after buying an additional 146 shares during the period. Hedge funds and other institutional investors own 87.40% of the company’s stock.

Pinnacle Financial Partners Stock Performance

NYSE PNFP opened at $99.49 on Tuesday. Pinnacle Financial Partners, Inc. has a twelve month low of $81.08 and a twelve month high of $119.68. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.42. The firm has a market cap of $7.72 billion, a PE ratio of 13.80, a PEG ratio of 0.40 and a beta of 1.04. The business’s 50-day simple moving average is $97.58.

Pinnacle Financial Partners (NYSE:PNFP) last announced its earnings results on Wednesday, April 22nd. The company reported $2.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.09. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.20 billion. Pinnacle Financial Partners had a net margin of 15.02% and a return on equity of 10.61%. As a group, equities research analysts forecast that Pinnacle Financial Partners, Inc. will post 10.18 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on PNFP shares. UBS Group lifted their price objective on Pinnacle Financial Partners from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, April 24th. JPMorgan Chase & Co. lifted their price objective on shares of Pinnacle Financial Partners from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Wednesday, July 1st. Citigroup boosted their price objective on Pinnacle Financial Partners from $122.00 to $126.00 and gave the stock a “buy” rating in a research note on Thursday, June 25th. Weiss Ratings raised Pinnacle Financial Partners from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, June 26th. Finally, TD Cowen lowered their price objective on shares of Pinnacle Financial Partners from $125.00 to $121.00 and set a “buy” rating on the stock in a research report on Monday, April 27th. Three research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Pinnacle Financial Partners currently has an average rating of “Moderate Buy” and an average price target of $116.89.

Pinnacle Financial Partners Profile

Pinnacle Financial Partners (NYSE: PNFP) is a bank holding company headquartered in Nashville, Tennessee, that provides a broad range of commercial and consumer banking services. Founded in 2000, the company operates through a network of banking offices and digital channels to serve individuals, small and middle-market businesses, and institutional clients. Pinnacle’s business model emphasizes relationship-based banking and tailored financial solutions for commercial borrowers and deposit customers.

The company’s product and service offerings include commercial and residential lending, treasury and payment solutions, deposit accounts, mortgage services, and cash management.