Pinnacle Financial Partners CEO M Terry Turner Unloads 6,939 Shares (PNFP)
Pinnacle Financial Partners (NASDAQ:PNFP) CEO M Terry Turner unloaded 6,939 shares of the stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $35.69, for a total value of $247,652.91. Following the completion of the sale, the chief executive officer now directly owns 524,635 shares of the company’s stock, valued at approximately $18,724,223. The sale was disclosed in a document filed with the SEC, which is available at this link.
PNFP has been the subject of a number of recent research reports. Analysts at Sandler O’Neill upgraded shares of Pinnacle Financial Partners from a “hold” rating to a “buy” rating in a research note on Friday, July 18th. Separately, analysts at Wunderlich reiterated a “hold” rating on shares of Pinnacle Financial Partners in a research note on Thursday, July 17th. They now have a $40.00 price target on the stock, up previously from $37.00. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $37.75.
Pinnacle Financial Partners (NASDAQ:PNFP) traded down 0.64% during mid-day trading on Tuesday, hitting $35.68. 60,283 shares of the company’s stock traded hands. Pinnacle Financial Partners has a 52 week low of $27.40 and a 52 week high of $40.10. The stock’s 50-day moving average is $36.9 and its 200-day moving average is $36.08. The company has a market cap of $1.242 billion and a P/E ratio of 19.73.
Pinnacle Financial Partners (NASDAQ:PNFP) last announced its earnings results on Tuesday, July 15th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.01. During the same quarter in the previous year, the company posted $0.42 earnings per share. On average, analysts predict that Pinnacle Financial Partners will post $2.00 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 29th. Stockholders of record on Friday, August 8th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.89%. The ex-dividend date is Wednesday, August 6th.
Pinnacle Financial Partners, Inc (NASDAQ:PNFP) is a bank holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.