Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) Given Average Rating of “Moderate Buy” by Brokerages

Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) has been assigned an average recommendation of “Moderate Buy” from the twenty ratings firms that are covering the company, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $113.4118.

Several analysts have recently weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Pinnacle Financial Partners in a research note on Monday, December 29th. Piper Sandler increased their price objective on Pinnacle Financial Partners from $120.00 to $122.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 28th. Truist Financial set a $100.00 target price on Pinnacle Financial Partners in a research note on Friday, January 9th. Citigroup upped their price target on Pinnacle Financial Partners from $118.00 to $122.00 and gave the company a “buy” rating in a research note on Monday, January 26th. Finally, Royal Bank Of Canada upgraded Pinnacle Financial Partners to a “moderate buy” rating in a report on Monday, January 5th.

Pinnacle Financial Partners Price Performance

Pinnacle Financial Partners stock opened at $100.79 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.33. The company has a 50-day moving average price of $97.69 and a 200 day moving average price of $94.16. Pinnacle Financial Partners has a 12-month low of $81.57 and a 12-month high of $126.81. The stock has a market cap of $7.82 billion, a P/E ratio of 12.81, a PEG ratio of 0.48 and a beta of 1.03.

Pinnacle Financial Partners Announces Dividend

The business also recently announced a dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 6th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, February 6th. Pinnacle Financial Partners’s dividend payout ratio (DPR) is 24.72%.

Insider Buying and Selling at Pinnacle Financial Partners

In other news, Chairman Robert A. Mccabe, Jr. sold 6,775 shares of the business’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $93.00, for a total value of $630,075.00. Following the sale, the chairman directly owned 202,505 shares of the company’s stock, valued at approximately $18,832,965. The trade was a 3.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.46% of the stock is currently owned by corporate insiders.

Institutional Trading of Pinnacle Financial Partners

Several institutional investors have recently added to or reduced their stakes in PNFP. AQR Capital Management LLC raised its position in Pinnacle Financial Partners by 1,697.4% in the third quarter. AQR Capital Management LLC now owns 3,267,666 shares of the financial services provider’s stock valued at $306,474,000 after purchasing an additional 3,085,867 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Pinnacle Financial Partners by 6.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,680,171 shares of the financial services provider’s stock valued at $251,376,000 after buying an additional 163,269 shares during the period. Wellington Management Group LLP raised its holdings in shares of Pinnacle Financial Partners by 51.1% in the 3rd quarter. Wellington Management Group LLP now owns 2,156,749 shares of the financial services provider’s stock valued at $202,281,000 after buying an additional 728,975 shares during the period. Nomura Holdings Inc. acquired a new position in Pinnacle Financial Partners during the 3rd quarter worth about $187,822,000. Finally, Norges Bank purchased a new position in Pinnacle Financial Partners during the 2nd quarter valued at about $113,461,000. Institutional investors and hedge funds own 87.40% of the company’s stock.

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.