Orion Porfolio Solutions LLC Sells 10,537 Shares of Pinnacle Financial Partners, Inc. $PNFP

Orion Porfolio Solutions LLC trimmed its stake in shares of Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) by 25.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,634 shares of the financial services provider’s stock after selling 10,537 shares during the period. Orion Porfolio Solutions LLC’s holdings in Pinnacle Financial Partners were worth $2,873,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in PNFP. Covestor Ltd boosted its stake 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 period. Elevation Point Wealth Partners LLC acquired a new stake in shares of Pinnacle Financial Partners in the 2nd quarter valued at about $38,000. Quent Capital LLC acquired a new stake in shares of Pinnacle Financial Partners in the 3rd quarter valued at about $34,000. MAI Capital Management lifted its holdings in shares of Pinnacle Financial Partners by 79.4% in the second quarter. MAI Capital Management now owns 366 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 162 shares in the last quarter. Finally, Eastern Bank bought a new stake in shares of Pinnacle Financial Partners in the third quarter valued at about $37,000. 87.40% of the stock is owned by institutional investors.

Pinnacle Financial Partners Stock Performance

Shares of NASDAQ PNFP opened at $87.37 on Tuesday. The stock has a 50 day moving average price of $96.36 and a 200 day moving average price of $94.37. Pinnacle Financial Partners, Inc. has a 52 week low of $81.57 and a 52 week high of $120.46. 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 stock has a market capitalization of $6.78 billion, a PE ratio of 11.10, a price-to-earnings-growth ratio of 0.48 and a beta of 1.02.

Pinnacle Financial Partners Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 6th were paid a dividend of $0.50 per share. The ex-dividend date was Friday, February 6th. Pinnacle Financial Partners’s dividend payout ratio is currently 24.72%.

Insider Activity at Pinnacle Financial Partners

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

Wall Street Analysts Forecast Growth

PNFP has been the subject of a number of research reports. Bank of America assumed coverage on Pinnacle Financial Partners in a report on Monday, December 8th. They set a “buy” rating and a $113.00 price objective for the company. Deutsche Bank Aktiengesellschaft set a $116.00 target price on Pinnacle Financial Partners and gave the company a “buy” rating in a research note on Wednesday, January 21st. Truist Financial set a $100.00 price target on shares of Pinnacle Financial Partners in a research note on Friday, January 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Pinnacle Financial Partners in a report on Monday, December 29th. Finally, Evercore reissued an “outperform” rating on shares of Pinnacle Financial Partners in a research report on Thursday, February 5th. 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 data from MarketBeat.com, Pinnacle Financial Partners currently has a consensus rating of “Moderate Buy” and an average target price of $113.41.

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.