Pinnacle Financial Partners (NASDAQ:PNFP) has been given a $76.00 target price by investment analysts at Piper Jaffray Companies in a research note issued on Thursday. The firm currently has a “buy” rating on the financial services provider’s stock. Piper Jaffray Companies’ price objective would indicate a potential upside of 11.36% from the company’s current price.

PNFP has been the subject of several other research reports. BidaskClub downgraded Pinnacle Financial Partners from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 8th. Hilliard Lyons upgraded Pinnacle Financial Partners from a “neutral” rating to a “buy” rating and set a $71.00 price target for the company in a research note on Wednesday, August 23rd. Zacks Investment Research upgraded Pinnacle Financial Partners from a “sell” rating to a “hold” rating in a research note on Friday, October 20th. Finally, SunTrust Banks reiterated a “buy” rating and set a $73.00 price target on shares of Pinnacle Financial Partners in a research note on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $73.75.

Shares of Pinnacle Financial Partners (NASDAQ:PNFP) traded down $0.40 during trading on Thursday, hitting $68.25. The stock had a trading volume of 473,957 shares, compared to its average volume of 472,703. Pinnacle Financial Partners has a 1 year low of $58.40 and a 1 year high of $71.85. The stock has a market cap of $5,219.09, a price-to-earnings ratio of 19.75, a PEG ratio of 1.57 and a beta of 1.32. The company has a current ratio of 0.99, a quick ratio of 0.98 and a debt-to-equity ratio of 0.57.

Pinnacle Financial Partners (NASDAQ:PNFP) last announced its earnings results on Tuesday, October 17th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.01. Pinnacle Financial Partners had a return on equity of 7.36% and a net margin of 27.41%. The firm had revenue of $216.20 million during the quarter, compared to analyst estimates of $217.13 million. During the same period last year, the firm posted $0.78 EPS. The business’s revenue was up 102.8% compared to the same quarter last year. equities analysts forecast that Pinnacle Financial Partners will post 3.56 EPS for the current fiscal year.

In other Pinnacle Financial Partners news, Vice Chairman Ronald L. Samuel sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, September 26th. The stock was sold at an average price of $64.41, for a total value of $193,230.00. Following the completion of the transaction, the insider now owns 58,794 shares in the company, valued at approximately $3,786,921.54. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Joseph C. Galante bought 1,000 shares of the business’s stock in a transaction on Thursday, September 7th. The stock was bought at an average price of $59.40 per share, with a total value of $59,400.00. Following the purchase, the director now owns 19,011 shares in the company, valued at $1,129,253.40. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 66,711 shares of company stock valued at $4,483,257. 5.41% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. GSA Capital Partners LLP bought a new stake in shares of Pinnacle Financial Partners during the 3rd quarter valued at about $1,309,000. Neuberger Berman Group LLC boosted its position in shares of Pinnacle Financial Partners by 27.7% during the 3rd quarter. Neuberger Berman Group LLC now owns 19,381 shares of the financial services provider’s stock valued at $1,298,000 after acquiring an additional 4,200 shares during the last quarter. Walthausen & Co. LLC boosted its position in shares of Pinnacle Financial Partners by 11.2% during the 3rd quarter. Walthausen & Co. LLC now owns 179,687 shares of the financial services provider’s stock valued at $12,030,000 after acquiring an additional 18,149 shares during the last quarter. California Public Employees Retirement System boosted its position in shares of Pinnacle Financial Partners by 1.2% during the 3rd quarter. California Public Employees Retirement System now owns 263,388 shares of the financial services provider’s stock valued at $17,634,000 after acquiring an additional 3,057 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Pinnacle Financial Partners by 44.8% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,486 shares of the financial services provider’s stock valued at $300,000 after acquiring an additional 1,389 shares during the last quarter. Hedge funds and other institutional investors own 71.80% of the company’s stock.

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Pinnacle Financial Partners Company Profile

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.

Analyst Recommendations for Pinnacle Financial Partners (NASDAQ:PNFP)

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