Insider Selling: Hugh M. Queener Sells 3,030 Shares of Pinnacle Financial Partners Stock (PNFP)
Pinnacle Financial Partners (NASDAQ:PNFP) CAO Hugh M. Queener sold 3,030 shares of the stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $35.99, for a total transaction of $109,049.70. Following the completion of the sale, the chief accounting officer now directly owns 1,226 shares of the company’s stock, valued at approximately $44,124. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. 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 given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $37.75.
Pinnacle Financial Partners (NASDAQ:PNFP) traded down 0.19% on Wednesday, hitting $36.07. The stock had a trading volume of 82,019 shares. Pinnacle Financial Partners has a 1-year low of $27.40 and a 1-year high of $40.10. The stock’s 50-day moving average is $36.52 and its 200-day moving average is $36.21. The company has a market cap of $1.256 billion and a price-to-earnings ratio of 19.86.
Pinnacle Financial Partners (NASDAQ:PNFP) last released its earnings data 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. 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. Investors 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 0.89%. The ex-dividend date of this dividend is Wednesday, August 6th.
Pinnacle Financial Partners, Inc (NASDAQ:PNFP) is a bank holding company.
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