Pinnacle Financial Partners Inc. Reaches New 12-Month High at $30.31 (PNFP)
Pinnacle Financial Partners (NASDAQ:PNFP)’s share price reached a new 52-week high on Tuesday, Analyst Ratings Network.com reports. The company traded as high as $30.31 and last traded at $30.15, with a volume of 36,714 shares traded. The stock had previously closed at $29.81.
A number of research firms have recently commented on PNFP. Analysts at Zacks downgraded shares of Pinnacle Financial Partners (NASDAQ:PNFP) from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, September 17th. They now have a $31.60 price target on the stock. Separately, analysts at Wunderlich upgraded shares of Pinnacle Financial Partners (NASDAQ:PNFP) from a “hold” rating to a “buy” rating in a research note to investors on Monday, August 26th. They now have a $34.00 price target on the stock, up previously from $31.00. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Pinnacle Financial Partners currently has an average rating of “Buy” and an average price target of $28.85.
Pinnacle Financial Partners has a 52-week low of $18.05 and a 52-week high of $30.60. The stock’s 50-day moving average is $28.99 and its 200-day moving average is $26.4. The company has a market cap of $1.051 billion and a price-to-earnings ratio of 20.29.
Pinnacle Financial Partners (NASDAQ:PNFP) last posted its quarterly earnings results on Tuesday, July 16th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.03. The company had revenue of $55.00 million for the quarter, compared to the consensus estimate of $4.61 billion. During the same quarter in the previous year, the company posted $0.23 earnings per share. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. On average, analysts predict that Pinnacle Financial Partners will post $1.65 earnings per share for the current fiscal year.
Pinnacle Financial Partners, Inc (NASDAQ:PNFP) is a bank holding company.
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