12,523 Shares in Pinnacle Financial Partners, Inc. $PNFP Purchased by Inceptionr LLC

Inceptionr LLC acquired a new stake in Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 12,523 shares of the financial services provider’s stock, valued at approximately $1,175,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PNFP. Covestor Ltd grew its position in Pinnacle Financial Partners by 193.9% in the 3rd quarter. Covestor Ltd now owns 338 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 223 shares during the last quarter. Quent Capital LLC bought a new stake in shares of Pinnacle Financial Partners during the third quarter valued at approximately $34,000. Eastern Bank bought a new stake in shares of Pinnacle Financial Partners during the third quarter valued at approximately $37,000. Elevation Point Wealth Partners LLC acquired a new position in shares of Pinnacle Financial Partners during the second quarter worth approximately $38,000. Finally, MAI Capital Management boosted its position in shares of Pinnacle Financial Partners by 79.4% during the second quarter. MAI Capital Management now owns 366 shares of the financial services provider’s stock worth $40,000 after buying an additional 162 shares during the period. 87.40% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on PNFP shares. Evercore reissued an “outperform” rating on shares of Pinnacle Financial Partners in a report on Thursday, February 5th. TD Cowen reiterated a “buy” rating on shares of Pinnacle Financial Partners in a research report on Wednesday, January 7th. Piper Sandler increased their price target on Pinnacle Financial Partners from $120.00 to $122.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 28th. JPMorgan Chase & Co. raised their price target on Pinnacle Financial Partners from $110.00 to $125.00 and gave the company an “overweight” rating in a report on Tuesday, December 16th. Finally, 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 note on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $113.41.

Insider Activity at Pinnacle Financial Partners

In other news, CFO Andrew J. Jr. Gregory acquired 1,000 shares of the company’s stock in a transaction dated Thursday, February 12th. The shares were bought at an average price of $94.52 per share, with a total value of $94,520.00. Following the purchase, the chief financial officer owned 49,485 shares of the company’s stock, valued at approximately $4,677,322.20. This represents a 2.06% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.46% of the company’s stock.

Pinnacle Financial Partners Price Performance

NASDAQ PNFP opened at $88.83 on Monday. Pinnacle Financial Partners, Inc. has a 12 month low of $81.57 and a 12 month high of $120.46. The firm has a market capitalization of $6.89 billion, a PE ratio of 11.29, a P/E/G ratio of 0.48 and a beta of 1.02. The company’s 50 day simple moving average is $96.60 and its 200 day simple moving average is $94.41. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.89 and a quick ratio of 0.89.

Pinnacle Financial Partners Announces Dividend

The company also recently declared a dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 6th were given a dividend of $0.50 per share. The ex-dividend date was 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.