Pinnacle Financial Partners CEO Unloads $247,653 in Stock (PNFP)
Pinnacle Financial Partners (NASDAQ:PNFP) CEO M Terry Turner sold 6,939 shares of Pinnacle Financial Partners stock on the open market in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $35.69, for a total value of $247,652.91. Following the completion of the transaction, the chief executive officer now directly owns 524,635 shares in the company, valued at approximately $18,724,223. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on PNFP shares. 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 equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Pinnacle Financial Partners has a consensus rating of “Buy” and an average target price of $37.75.
Shares of Pinnacle Financial Partners (NASDAQ:PNFP) traded up 0.54% on Thursday, hitting $35.7001. The stock had a trading volume of 26,629 shares. Pinnacle Financial Partners has a one year low of $27.40 and a one year high of $40.10. The stock has a 50-day moving average of $36.82 and a 200-day moving average of $36.07. The company has a market cap of $1.243 billion and a P/E ratio of 19.51.
Pinnacle Financial Partners (NASDAQ:PNFP) last released its earnings data on Tuesday, July 15th. The company reported $0.49 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.48 by $0.01. During the same quarter in the prior year, the company posted $0.42 earnings per share. Analysts expect that Pinnacle Financial Partners will post $2.00 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 29th. Shareholders of record on Friday, August 8th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Wednesday, August 6th.
Pinnacle Financial Partners, Inc (NASDAQ:PNFP) is a bank holding company.
Receive News & Ratings for Pinnacle Financial Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pinnacle Financial Partners and related companies with Analyst Ratings Network's FREE daily email newsletter.