Campbell & CO Investment Adviser LLC Has $666,000 Position in Pinnacle Financial Partners, Inc. $PNFP

Campbell & CO Investment Adviser LLC trimmed its holdings in Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) by 88.4% during the third quarter, Holdings Channel reports. The firm owned 7,098 shares of the financial services provider’s stock after selling 53,897 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Pinnacle Financial Partners were worth $666,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in PNFP. Goldman Sachs Group Inc. increased its holdings in Pinnacle Financial Partners by 6.2% in the first quarter. Goldman Sachs Group Inc. now owns 651,268 shares of the financial services provider’s stock worth $69,060,000 after purchasing an additional 37,989 shares in the last quarter. Focus Partners Wealth grew its position in shares of Pinnacle Financial Partners by 13.9% during the 1st quarter. Focus Partners Wealth now owns 4,755 shares of the financial services provider’s stock worth $504,000 after buying an additional 581 shares during the period. Voya Investment Management LLC increased its stake in shares of Pinnacle Financial Partners by 2.8% in the 1st quarter. Voya Investment Management LLC now owns 9,463 shares of the financial services provider’s stock valued at $1,003,000 after acquiring an additional 258 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Pinnacle Financial Partners by 20.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 23,781 shares of the financial services provider’s stock valued at $2,802,000 after acquiring an additional 3,977 shares during the period. Finally, UMB Bank n.a. lifted its position in shares of Pinnacle Financial Partners by 31.6% during the 2nd quarter. UMB Bank n.a. now owns 1,129 shares of the financial services provider’s stock valued at $125,000 after acquiring an additional 271 shares during the period. Institutional investors and hedge funds own 87.40% of the company’s stock.

Pinnacle Financial Partners Stock Performance

Shares of PNFP opened at $97.34 on Wednesday. The firm has a market capitalization of $7.55 billion, a P/E ratio of 12.37, a P/E/G ratio of 0.48 and a beta of 1.02. Pinnacle Financial Partners, Inc. has a 52 week low of $81.57 and a 52 week high of $127.85. The stock has a 50 day moving average price of $95.64 and a two-hundred day moving average price of $95.53. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.89 and a current ratio of 0.89.

Insider Transactions at Pinnacle Financial Partners

In related news, Chairman Robert A. Mccabe, Jr. sold 6,775 shares of the stock in a transaction on Wednesday, November 26th. The stock was 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Wells Fargo & Company reduced their price target on shares of Pinnacle Financial Partners from $110.00 to $100.00 and set an “equal weight” rating for the company in a report on Friday, October 17th. Barclays raised their target price on Pinnacle Financial Partners from $125.00 to $135.00 and gave the company an “overweight” rating in a research note on Friday, December 19th. Evercore ISI initiated coverage on Pinnacle Financial Partners in a research note on Tuesday, January 6th. They set an “outperform” rating and a $115.00 price target on the stock. Keefe, Bruyette & Woods raised their price objective on Pinnacle Financial Partners from $95.00 to $100.00 and gave the company a “market perform” rating in a research note on Friday, January 9th. Finally, Piper Sandler upgraded Pinnacle Financial Partners from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $117.00 to $120.00 in a report on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, Pinnacle Financial Partners has a consensus rating of “Moderate Buy” and an average price target of $113.00.

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.