Pinnacle Financial Partners, Inc. $PNFP Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. reduced its stake in shares of Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) by 0.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,406,657 shares of the financial services provider’s stock after selling 47,061 shares during the quarter. Vanguard Group Inc. owned about 0.10% of Pinnacle Financial Partners worth $694,670,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. EJF Capital LLC increased its stake in Pinnacle Financial Partners by 2.5% during the 2nd quarter. EJF Capital LLC now owns 5,138 shares of the financial services provider’s stock valued at $567,000 after buying an additional 127 shares during the period. Profund Advisors LLC boosted its holdings in shares of Pinnacle Financial Partners by 4.6% in the third quarter. Profund Advisors LLC now owns 2,895 shares of the financial services provider’s stock valued at $272,000 after acquiring an additional 127 shares in the last quarter. Portside Wealth Group LLC raised its holdings in Pinnacle Financial Partners by 7.0% during the second quarter. Portside Wealth Group LLC now owns 1,960 shares of the financial services provider’s stock worth $216,000 after purchasing an additional 128 shares in the last quarter. Amalgamated Bank lifted its position in Pinnacle Financial Partners by 0.4% in the second quarter. Amalgamated Bank now owns 35,195 shares of the financial services provider’s stock worth $3,886,000 after purchasing an additional 133 shares during the period. Finally, ProShare Advisors LLC boosted its stake in Pinnacle Financial Partners by 4.6% during the 2nd quarter. ProShare Advisors LLC now owns 3,409 shares of the financial services provider’s stock valued at $376,000 after purchasing an additional 149 shares in the last quarter. Institutional investors own 87.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Keefe, Bruyette & Woods boosted their price objective on Pinnacle Financial Partners from $95.00 to $100.00 and gave the stock a “market perform” rating in a research note on Friday, January 9th. Piper Sandler lifted their target price on Pinnacle Financial Partners from $120.00 to $122.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. TD Cowen reiterated a “buy” rating on shares of Pinnacle Financial Partners in a research report on Wednesday, January 7th. Deutsche Bank Aktiengesellschaft set a $116.00 price objective on shares of Pinnacle Financial Partners and gave the company a “buy” rating in a research report on Wednesday, January 21st. Finally, Citigroup lifted their price objective on shares of Pinnacle Financial Partners from $118.00 to $122.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. One 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $113.41.

Pinnacle Financial Partners Trading Down 6.3%

Shares of PNFP opened at $94.61 on Tuesday. The business’s 50-day moving average price is $98.11 and its 200 day moving average price is $94.39. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $7.34 billion, a P/E ratio of 12.02, a P/E/G ratio of 0.48 and a beta of 1.03. Pinnacle Financial Partners, Inc. has a 1-year low of $81.57 and a 1-year high of $120.46.

Pinnacle Financial Partners Announces Dividend

The company also recently announced a dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 6th will be given a $0.50 dividend. The ex-dividend date of this dividend is Friday, February 6th. Pinnacle Financial Partners’s dividend payout ratio (DPR) is 24.72%.

Insider Buying and Selling

In other news, CFO Andrew J. Jr. Gregory purchased 1,000 shares of Pinnacle Financial Partners stock in a transaction that occurred on Thursday, February 12th. The stock was acquired at an average price of $94.52 per share, for a total transaction of $94,520.00. Following the transaction, the chief financial officer owned 49,485 shares in the company, valued at $4,677,322.20. The trade was a 2.06% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Robert A. Mccabe, Jr. sold 6,775 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $93.00, for a total transaction of $630,075.00. Following the completion of the transaction, the chairman directly owned 202,505 shares of the company’s stock, valued at $18,832,965. This represents a 3.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.46% of the stock is owned by insiders.

About Pinnacle Financial Partners

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.