11,780 Shares in Pinnacle Financial Partners, Inc. $PNFP Bought by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC bought a new stake in Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) during the 3rd quarter, HoldingsChannel reports. The firm bought 11,780 shares of the financial services provider’s stock, valued at approximately $1,051,000.

A number of other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new stake in Pinnacle Financial Partners during the 2nd quarter worth about $113,461,000. Balyasny Asset Management L.P. lifted its stake in shares of Pinnacle Financial Partners by 1,036.4% in the 2nd quarter. Balyasny Asset Management L.P. now owns 297,181 shares of the financial services provider’s stock valued at $32,812,000 after purchasing an additional 271,029 shares during the period. Impax Asset Management Group plc lifted its stake in shares of Pinnacle Financial Partners by 248.2% in the 3rd quarter. Impax Asset Management Group plc now owns 348,237 shares of the financial services provider’s stock valued at $32,661,000 after purchasing an additional 248,237 shares during the period. Westwood Holdings Group Inc. bought a new stake in shares of Pinnacle Financial Partners during the 2nd quarter valued at about $20,932,000. Finally, Sei Investments Co. boosted its position in shares of Pinnacle Financial Partners by 82.7% during the 2nd quarter. Sei Investments Co. now owns 376,762 shares of the financial services provider’s stock valued at $41,598,000 after purchasing an additional 170,536 shares in the last quarter. Institutional investors own 87.40% of the company’s stock.

Analyst Ratings Changes

PNFP has been the subject of a number of research analyst reports. Citigroup lifted their target price on Pinnacle Financial Partners from $118.00 to $122.00 and gave the stock a “buy” rating in a report on Monday, January 26th. Royal Bank Of Canada upgraded Pinnacle Financial Partners to a “moderate buy” rating in a report on Monday, January 5th. DA Davidson assumed coverage on shares of Pinnacle Financial Partners in a research report on Monday, January 5th. They set a “neutral” rating and a $110.00 price objective for the company. JPMorgan Chase & Co. lifted their price objective on shares of Pinnacle Financial Partners from $110.00 to $125.00 and gave the company an “overweight” rating in a research note on Tuesday, December 16th. Finally, Truist Financial set a $100.00 target price on shares of Pinnacle Financial Partners in a research report on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $113.41.

Insider Transactions at Pinnacle Financial Partners

In other Pinnacle Financial Partners news, CFO Andrew J. Jr. Gregory purchased 1,000 shares of the firm’s stock in a transaction on Thursday, February 12th. The stock was acquired at an average price of $94.52 per share, for a total transaction of $94,520.00. Following the purchase, the chief financial officer owned 49,485 shares of the company’s stock, valued at $4,677,322.20. This trade represents a 2.06% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.46% of the company’s stock.

Pinnacle Financial Partners Trading Down 2.0%

Shares of Pinnacle Financial Partners stock opened at $88.83 on Friday. The stock has a market capitalization of $6.89 billion, a PE ratio of 11.29, a price-to-earnings-growth 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 $120.46. The stock has a 50 day moving average price of $96.60 and a two-hundred day moving average price of $94.39. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.89 and a current ratio of 0.89.

Pinnacle Financial Partners Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 6th were given a $0.50 dividend. The ex-dividend date of this dividend was Friday, February 6th. Pinnacle Financial Partners’s dividend payout ratio (DPR) is presently 24.72%.

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.