Pinnacle Financial Partners Upgraded to “Buy” by Sterne Agee (PNFP)
Pinnacle Financial Partners (NASDAQ:PNFP) was upgraded by analysts at Sterne Agee from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, TheFlyOnTheWall.com reports.
A number of other firms have also recently commented on PNFP. Analysts at Zacks upgraded shares of Pinnacle Financial Partners from a “neutral” rating to an “outperform” rating in a research note to investors on Monday. They now have a $34.20 price target on the stock. Analysts at Wunderlich raised their price target on shares of Pinnacle Financial Partners from $35.00 to $37.00 in a research note to investors on Wednesday, December 4th. They now have a “buy” rating on the stock. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $31.44.
Shares of Pinnacle Financial Partners (NASDAQ:PNFP) opened at 32.14 on Wednesday. Pinnacle Financial Partners has a 52-week low of $20.94 and a 52-week high of $33.36. The stock’s 50-day moving average is $31.70 and its 200-day moving average is $30.26. The company has a market cap of $1.108 billion and a price-to-earnings ratio of 19.84.
Pinnacle Financial Partners (NASDAQ:PNFP) last posted its quarterly earnings results on Tuesday, January 21st. The company reported $0.44 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.43 by $0.01. During the same quarter in the prior year, the company posted $0.34 earnings per share. On average, analysts predict that Pinnacle Financial Partners will post $1.66 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, February 28th. Investors of record on Friday, February 7th will be given a dividend of 0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.00%.
Pinnacle Financial Partners, Inc (NASDAQ:PNFP) is a bank holding company.
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