Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) Vice Chairman Ronald L. Samuel sold 3,000 shares of the business’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $66.02, for a total value of $198,060.00. Following the sale, the insider now owns 64,794 shares in the company, valued at approximately $4,277,699.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Pinnacle Financial Partners, Inc. (PNFP) traded up 0.78% during midday trading on Thursday, hitting $64.60. The company had a trading volume of 576,490 shares. Pinnacle Financial Partners, Inc. has a 12 month low of $49.40 and a 12 month high of $71.85. The company has a market cap of $3.43 billion, a price-to-earnings ratio of 20.75 and a beta of 1.28. The firm has a 50-day moving average price of $64.34 and a 200-day moving average price of $65.12.

Pinnacle Financial Partners (NASDAQ:PNFP) last released its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.04. Pinnacle Financial Partners had a return on equity of 7.67% and a net margin of 27.36%. The business had revenue of $141.70 million for the quarter, compared to the consensus estimate of $130.23 million. During the same quarter in the prior year, the business posted $0.75 EPS. The business’s revenue for the quarter was up 31.4% on a year-over-year basis. Equities analysts anticipate that Pinnacle Financial Partners, Inc. will post $3.47 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Friday, August 4th will be paid a dividend of $0.14 per share. The ex-dividend date is Wednesday, August 2nd. This represents a $0.56 dividend on an annualized basis and a yield of 0.87%. Pinnacle Financial Partners’s dividend payout ratio is presently 18.01%.

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A number of equities research analysts have recently weighed in on the company. BidaskClub lowered Pinnacle Financial Partners from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Stephens restated a “hold” rating and set a $71.00 price target on shares of Pinnacle Financial Partners in a research note on Thursday, July 20th. Zacks Investment Research lowered Pinnacle Financial Partners from a “buy” rating to a “hold” rating in a research note on Tuesday, April 11th. Finally, Hilliard Lyons restated a “neutral” rating and set a $69.00 price target (down previously from $71.00) on shares of Pinnacle Financial Partners in a research note on Saturday, April 22nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $65.20.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in Pinnacle Financial Partners by 56,554.1% in the first quarter. BlackRock Inc. now owns 5,632,547 shares of the financial services provider’s stock worth $374,283,000 after buying an additional 5,622,605 shares in the last quarter. Vanguard Group Inc. increased its position in Pinnacle Financial Partners by 11.0% in the first quarter. Vanguard Group Inc. now owns 4,094,690 shares of the financial services provider’s stock worth $272,092,000 after buying an additional 407,046 shares in the last quarter. State Street Corp increased its position in Pinnacle Financial Partners by 27.0% in the first quarter. State Street Corp now owns 1,913,478 shares of the financial services provider’s stock worth $127,146,000 after buying an additional 406,536 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Pinnacle Financial Partners by 9.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,364,120 shares of the financial services provider’s stock worth $90,646,000 after buying an additional 120,326 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in Pinnacle Financial Partners by 13.3% in the first quarter. Victory Capital Management Inc. now owns 1,103,499 shares of the financial services provider’s stock worth $73,328,000 after buying an additional 129,328 shares in the last quarter. Hedge funds and other institutional investors own 77.71% of the company’s stock.

About Pinnacle Financial Partners

Pinnacle Financial Partners, Inc is a bank holding company. The Company operates through its subsidiary, Pinnacle Bank. The Company operates as a community bank primarily in the urban markets of Nashville, Knoxville, Memphis and Chattanooga, Tennessee and other counties. It provides the personalized service associated with small community banks, while seeking to offer the products and services, such as investments and treasury management.

Insider Buying and Selling by Quarter for Pinnacle Financial Partners (NASDAQ:PNFP)

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