Pinnacle Financial Partners (NASDAQ:PNFP) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, July 16th. Analysts expect Pinnacle Financial Partners to post earnings of $1.28 per share for the quarter.
Pinnacle Financial Partners (NASDAQ:PNFP) last announced its earnings results on Monday, April 15th. The financial services provider reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.03. Pinnacle Financial Partners had a net margin of 30.80% and a return on equity of 9.53%. The business had revenue of $238.30 million during the quarter, compared to the consensus estimate of $246.03 million. During the same quarter in the prior year, the firm earned $1.13 earnings per share. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. On average, analysts expect Pinnacle Financial Partners to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.
Shares of PNFP opened at $56.49 on Friday. Pinnacle Financial Partners has a fifty-two week low of $43.23 and a fifty-two week high of $66.54. The firm has a market capitalization of $4.31 billion, a P/E ratio of 11.92, a price-to-earnings-growth ratio of 0.79 and a beta of 1.36. The business’s 50-day simple moving average is $55.81. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.64.
In other Pinnacle Financial Partners news, Vice Chairman Ronald L. Samuel sold 1,600 shares of the stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $56.74, for a total value of $90,784.00. Following the completion of the transaction, the insider now directly owns 24,253 shares of the company’s stock, valued at $1,376,115.22. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Vice Chairman Ronald L. Samuel sold 500 shares of the stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $56.61, for a total transaction of $28,305.00. Following the completion of the transaction, the insider now directly owns 22,675 shares of the company’s stock, valued at $1,283,631.75. The disclosure for this sale can be found here. Insiders have sold 8,135 shares of company stock valued at $469,294 over the last three months. 2.97% of the stock is currently owned by corporate insiders.
Several research analysts recently issued reports on the stock. Stephens assumed coverage on shares of LiqTech International in a report on Tuesday. They set an “overweight” rating and a $13.00 price target for the company. BidaskClub cut shares of Zions Bancorporation NA from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 15th. Raymond James set a $8.00 price target on shares of Superior Energy Services and gave the stock a “buy” rating in a report on Wednesday, April 17th. Finally, Zacks Investment Research reissued a “hold” rating on shares of Western New England Bancorp in a report on Saturday, June 29th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $61.17.
Pinnacle Financial Partners Company Profile
Pinnacle Financial Partners, Inc operates as a bank holding company for Pinnacle Bank that provides various banking products and services in the United States. The company accepts various deposits, including savings, checking, interest-bearing checking, money market, and certificate of deposit accounts.
Read More: Price to Earnings Ratio (PE) Basics
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 MarketBeat.com's FREE daily email newsletter.