Pinnacle Financial Partners Inc. (PNFP) Announces Special Dividend of $0.08
Pinnacle Financial Partners (NASDAQ:PNFP) announced a special dividend on Wednesday, October 16th, StockRatingsNetwork reports. Stockholders of record on Tuesday, November 26th will be paid a dividend of $0.08 per share on Friday, December 20th. The ex-dividend date is Friday, November 22nd.
PNFP has been the subject of a number of recent research reports. 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 a related note, 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 research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Pinnacle Financial Partners has an average rating of “Buy” and an average price target of $28.85.
Shares of Pinnacle Financial Partners (NASDAQ:PNFP) traded down 1.30% during mid-day trading on Wednesday, hitting $31.21. The stock had a trading volume of 160,478 shares. Pinnacle Financial Partners has a 52 week low of $18.05 and a 52 week high of $31.97. The stock’s 50-day moving average is $29.56 and its 200-day moving average is $26.91. The company has a market cap of $1.072 billion and a price-to-earnings ratio of 21.52.
Pinnacle Financial Partners (NASDAQ:PNFP) last issued its quarterly earnings data on Tuesday, October 15th. The company reported $0.42 earnings per share (EPS) for the quarter, meeting the 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. Analysts expect that Pinnacle Financial Partners will post $1.65 EPS for the current fiscal year.
Pinnacle Financial Partners, Inc (NASDAQ:PNFP) is a bank holding company.
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