Pinnacle Financial Partners Inc. (PNFP) Plans Quarterly Dividend of $0.08
Pinnacle Financial Partners (NASDAQ:PNFP) declared a quarterly dividend on Tuesday, October 15th, AnalystRatingsNetwork reports. Stockholders of record on Tuesday, November 26th will be given a dividend of $0.08 per share on Friday, December 20th. This represents a $0.32 dividend on an annualized basis and a yield of 1.01%.
A number of research firms have recently commented on PNFP. Analysts at Zacks downgraded shares of Pinnacle Financial Partners 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. On the ratings front, analysts at Wunderlich upgraded shares of Pinnacle Financial Partners 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 analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $28.85.
Shares of Pinnacle Financial Partners (NASDAQ:PNFP) traded down 0.66% during mid-day trading on Tuesday, hitting $31.62. The stock had a trading volume of 176,306 shares. Pinnacle Financial Partners has a 52 week low of $18.05 and a 52 week high of $31.93. The stock’s 50-day moving average is $29.49 and its 200-day moving average is $26.88. The company has a market cap of $1.086 billion and a P/E ratio of 21.67.
Pinnacle Financial Partners (NASDAQ:PNFP) last posted its quarterly earnings results on Tuesday, October 15th. The company reported $0.42 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.42. The company had revenue of $57.40 million for the quarter, compared to the consensus estimate of $57.00 million. During the same quarter last year, the company posted $0.33 earnings per share. Pinnacle Financial Partners’s revenue was up 11.7% compared to the same quarter last year. 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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