Pinnacle Financial Partners, Inc. $PNFP Shares Acquired by Villanova Investment Management Co LLC

Villanova Investment Management Co LLC grew its holdings in Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) by 47.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,393 shares of the financial services provider’s stock after buying an additional 9,107 shares during the quarter. Pinnacle Financial Partners comprises 1.8% of Villanova Investment Management Co LLC’s investment portfolio, making the stock its 20th biggest holding. Villanova Investment Management Co LLC’s holdings in Pinnacle Financial Partners were worth $2,663,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Clearstead Advisors LLC grew its holdings in Pinnacle Financial Partners by 810.5% in the third quarter. Clearstead Advisors LLC now owns 956 shares of the financial services provider’s stock valued at $90,000 after purchasing an additional 851 shares during the last quarter. Equitable Trust Co. grew its stake in Pinnacle Financial Partners by 35.3% in the 3rd quarter. Equitable Trust Co. now owns 15,331 shares of the financial services provider’s stock valued at $1,438,000 after acquiring an additional 4,000 shares during the last quarter. Ellerson Group Inc. ADV grew its stake in Pinnacle Financial Partners by 1.8% in the 3rd quarter. Ellerson Group Inc. ADV now owns 24,658 shares of the financial services provider’s stock valued at $2,313,000 after acquiring an additional 433 shares during the last quarter. Semanteon Capital Management LP purchased a new position in Pinnacle Financial Partners during the 3rd quarter valued at about $569,000. Finally, Citigroup Inc. raised its position in Pinnacle Financial Partners by 38.1% during the third quarter. Citigroup Inc. now owns 92,054 shares of the financial services provider’s stock worth $8,634,000 after acquiring an additional 25,395 shares during the last quarter. 87.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Keefe, Bruyette & Woods upped their target price on Pinnacle Financial Partners from $95.00 to $100.00 and gave the company a “market perform” rating in a research note on Friday, January 9th. Evercore reissued an “outperform” rating on shares of Pinnacle Financial Partners in a research report on Thursday, February 5th. Truist Financial set a $100.00 price target on shares of Pinnacle Financial Partners in a research report on Friday, January 9th. Deutsche Bank Aktiengesellschaft set a $116.00 target price on Pinnacle Financial Partners and gave the stock a “buy” rating in a report on Wednesday, January 21st. Finally, Barclays boosted their price objective on Pinnacle Financial Partners from $125.00 to $135.00 and gave the stock an “overweight” rating in a research note on Friday, December 19th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $113.41.

Insider Buying and Selling at Pinnacle Financial Partners

In related news, CFO Andrew J. Jr. Gregory bought 1,000 shares of Pinnacle Financial Partners stock in a transaction dated Thursday, February 12th. The stock was acquired at an average cost of $94.52 per share, with a total value of $94,520.00. Following the completion of the acquisition, the chief financial officer directly owned 49,485 shares in the company, valued at approximately $4,677,322.20. This trade represents a 2.06% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Robert A. Mccabe, Jr. sold 6,775 shares of Pinnacle Financial Partners stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $93.00, for a total value of $630,075.00. Following the completion of the transaction, the chairman directly owned 202,505 shares in the company, valued at $18,832,965. This represents a 3.24% decrease in their position. The SEC filing for this sale provides additional information. 1.46% of the stock is currently owned by company insiders.

Pinnacle Financial Partners Stock Up 1.9%

Pinnacle Financial Partners stock opened at $101.06 on Monday. The company has a 50-day simple moving average of $98.22 and a 200-day simple moving average of $94.34. The firm has a market capitalization of $7.84 billion, a P/E ratio of 12.84, a P/E/G ratio of 0.48 and a beta of 1.03. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.89 and a current ratio of 0.89. Pinnacle Financial Partners, Inc. has a one year low of $81.57 and a one year high of $120.46.

Pinnacle Financial Partners Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 6th will be issued a $0.50 dividend. The ex-dividend date is Friday, February 6th. Pinnacle Financial Partners’s dividend payout ratio (DPR) is 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.