Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) have earned a consensus rating of “Moderate Buy” from the twenty ratings firms that are covering the company, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $113.00.

A number of equities analysts have issued reports on the company. Keefe, Bruyette & Woods lifted their price target on Pinnacle Financial Partners from $95.00 to $100.00 and gave the company a “market perform” rating in a research note on Friday. Truist Financial set a $100.00 target price on Pinnacle Financial Partners in a report on Friday. Barclays upped their price target on Pinnacle Financial Partners from $125.00 to $135.00 and gave the stock an “overweight” rating in a report on Friday, December 19th. UBS Group reissued a “neutral” rating and issued a $107.00 price target on shares of Pinnacle Financial Partners in a research report on Tuesday, January 6th. Finally, Evercore ISI began coverage on shares of Pinnacle Financial Partners in a report on Tuesday, January 6th. They set an “outperform” rating and a $115.00 price objective on the stock.

Pinnacle Financial Partners Stock Performance

PNFP opened at $97.10 on Monday. Pinnacle Financial Partners has a 1-year low of $81.57 and a 1-year high of $127.85. The company has a market cap of $7.53 billion, a price-to-earnings ratio of 12.34, a PEG ratio of 0.48 and a beta of 1.02. The company’s fifty day moving average price is $94.15 and its two-hundred day moving average price is $96.36. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.33.

Pinnacle Financial Partners (NASDAQ:PNFP) last issued its quarterly earnings data on Wednesday, October 15th. The financial services provider reported $2.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.05 by $0.22. Pinnacle Financial Partners had a net margin of 19.17% and a return on equity of 9.91%. The firm had revenue of $544.80 million during the quarter, compared to analysts’ expectations of $526.40 million. During the same period last year, the company earned $1.86 earnings per share. On average, analysts expect that Pinnacle Financial Partners will post 7.85 EPS for the current fiscal year.

Pinnacle Financial Partners Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 7th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, November 7th. Pinnacle Financial Partners’s dividend payout ratio (DPR) is presently 12.20%.

Insider Activity

In other Pinnacle Financial Partners news, Chairman Robert A. Mccabe, Jr. sold 6,775 shares of the company’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $93.00, for a total value of $630,075.00. Following the completion of the sale, the chairman directly owned 202,505 shares of the company’s stock, valued at approximately $18,832,965. This represents a 3.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director G Kennedy Thompson acquired 5,000 shares of the firm’s stock in a transaction on Monday, October 20th. The stock was purchased at an average price of $87.63 per share, with a total value of $438,150.00. Following the purchase, the director owned 33,372 shares in the company, valued at approximately $2,924,388.36. The trade was a 17.62% increase in their position. The SEC filing for this purchase provides additional information. 1.46% of the stock is currently owned by insiders.

Institutional Trading of Pinnacle Financial Partners

A number of hedge funds have recently bought and sold shares of PNFP. SG Americas Securities LLC boosted its position in Pinnacle Financial Partners by 2,647.2% in the fourth quarter. SG Americas Securities LLC now owns 129,779 shares of the financial services provider’s stock worth $12,382,000 after purchasing an additional 125,055 shares during the last quarter. Diversified Trust Co. raised its stake in shares of Pinnacle Financial Partners by 0.3% during the 4th quarter. Diversified Trust Co. now owns 54,349 shares of the financial services provider’s stock worth $5,185,000 after purchasing an additional 137 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Pinnacle Financial Partners by 96.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 92,374 shares of the financial services provider’s stock worth $9,032,000 after buying an additional 45,301 shares during the last quarter. NorthCrest Asset Manangement LLC boosted its holdings in shares of Pinnacle Financial Partners by 67.0% in the 4th quarter. NorthCrest Asset Manangement LLC now owns 13,055 shares of the financial services provider’s stock worth $1,266,000 after buying an additional 5,236 shares during the last quarter. Finally, Wedmont Private Capital bought a new position in Pinnacle Financial Partners during the fourth quarter valued at about $732,000. 87.40% of the stock is currently owned by institutional investors.

About Pinnacle Financial Partners

Pinnacle Financial Partners, Inc (NASDAQ: PNFP) is a financial services company headquartered in Nashville, Tennessee, that provides banking, wealth management and insurance solutions to business and consumer clients. The company operates through two primary segments—Banking and Wealth Management & Advisory—offering a comprehensive suite of products that includes commercial and consumer lending, deposit services, treasury management, trust and investment advisory, and insurance brokerage. Pinnacle’s client-focused model emphasizes relationship-based banking, leveraging local decision-making authority and specialized industry expertise to serve diverse sectors such as healthcare, technology, real estate and professional services.

In its banking segment, Pinnacle delivers commercial and consumer loans, lines of credit, equipment financing, and mortgage lending.