Pinnacle Financial Partners (NASDAQ:PNFP) – Equities research analysts at FIG Partners issued their Q1 2019 earnings per share estimates for Pinnacle Financial Partners in a research note issued to investors on Friday. FIG Partners analyst B. Martin forecasts that the financial services provider will earn $1.19 per share for the quarter. FIG Partners also issued estimates for Pinnacle Financial Partners’ Q2 2019 earnings at $1.28 EPS, Q3 2019 earnings at $1.35 EPS, Q4 2019 earnings at $1.41 EPS and FY2019 earnings at $5.23 EPS.
Pinnacle Financial Partners (NASDAQ:PNFP) last released its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $0.97 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.03. The company had revenue of $211.20 million for the quarter, compared to analysts’ expectations of $224.62 million. Pinnacle Financial Partners had a return on equity of 7.24% and a net margin of 22.27%. The business’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.83 earnings per share.
Pinnacle Financial Partners (NASDAQ:PNFP) traded down $0.30 on Monday, hitting $64.00. The stock had a trading volume of 812,500 shares, compared to its average volume of 582,238. The company has a market capitalization of $4,975.34, a PE ratio of 22.86, a PEG ratio of 0.98 and a beta of 1.31. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.99 and a current ratio of 1.00. Pinnacle Financial Partners has a 52 week low of $58.40 and a 52 week high of $71.55.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Friday, February 2nd will be given a $0.14 dividend. The ex-dividend date is Thursday, February 1st. This represents a $0.56 annualized dividend and a yield of 0.88%. Pinnacle Financial Partners’s dividend payout ratio (DPR) is 20.00%.
In other Pinnacle Financial Partners news, Vice Chairman Ronald L. Samuel sold 3,000 shares of Pinnacle Financial Partners stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $67.28, for a total transaction of $201,840.00. Following the transaction, the insider now directly owns 55,794 shares in the company, valued at approximately $3,753,820.32. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO M Terry Turner sold 31,171 shares of Pinnacle Financial Partners stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $67.11, for a total transaction of $2,091,885.81. Following the transaction, the chief executive officer now owns 489,701 shares in the company, valued at $32,863,834.11. The disclosure for this sale can be found here. In the last 90 days, insiders sold 55,171 shares of company stock worth $3,682,756. 5.41% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Advisor Group Inc. boosted its stake in shares of Pinnacle Financial Partners by 14.5% during the 2nd quarter. Advisor Group Inc. now owns 2,294 shares of the financial services provider’s stock valued at $144,000 after buying an additional 291 shares during the period. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Pinnacle Financial Partners by 130.0% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,300 shares of the financial services provider’s stock valued at $152,000 after buying an additional 1,300 shares during the period. Riverhead Capital Management LLC boosted its stake in shares of Pinnacle Financial Partners by 149.7% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,496 shares of the financial services provider’s stock valued at $220,000 after buying an additional 2,096 shares during the period. Brightworth acquired a new stake in shares of Pinnacle Financial Partners during the 3rd quarter valued at $241,000. Finally, Green Square Capital LLC acquired a new stake in shares of Pinnacle Financial Partners during the 2nd quarter valued at $227,000. Hedge funds and other institutional investors own 71.46% 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.
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