Ceredex Value Advisors LLC Sells 13,875 Shares of Pinnacle Financial Partners, Inc. $PNFP

Key Points

• Ceredex Value Advisors cut its stake in Pinnacle Financial Partners by 9.8%, selling 13,875 shares and leaving it with 127,200 shares valued at $11.93 million; institutional investors own about 87.4% of the stock.
• CFO Andrew J. Gregory bought 1,000 shares at $94.52 on Feb. 12, increasing his holdings to 49,485 shares, and insiders now own roughly 1.46% of the company.
• Pinnacle (PNFP) has a market cap of $6.71 billion, a P/E of 10.98, a 1‑year range of $81.57–$120.46, recently paid a $0.50 dividend (DPR 24.72%), and carries an average analyst rating of “Moderate Buy” with a $113.41 target.

Ceredex Value Advisors LLC lessened its stake in Pinnacle Financial Partners, Inc. (NASDAQ:PNFP - Free Report) by 9.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 127,200 shares of the financial services provider's stock after selling 13,875 shares during the quarter. Ceredex Value Advisors LLC owned 0.16% of Pinnacle Financial Partners worth $11,930,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Covestor Ltd increased its stake in Pinnacle Financial Partners by 193.9% during the 3rd quarter. Covestor Ltd now owns 338 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 223 shares in the last quarter. Quent Capital LLC bought a new position in shares of Pinnacle Financial Partners in the third quarter worth approximately $34,000. Eastern Bank purchased a new stake in shares of Pinnacle Financial Partners during the third quarter valued at approximately $37,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of Pinnacle Financial Partners during the second quarter valued at approximately $38,000. Finally, MAI Capital Management increased its position in shares of Pinnacle Financial Partners by 79.4% during the second quarter. MAI Capital Management now owns 366 shares of the financial services provider's stock valued at $40,000 after acquiring an additional 162 shares in the last quarter. Institutional investors own 87.40% of the company's stock.

Pinnacle Financial Partners Stock Performance

PNFP stock opened at $86.45 on Wednesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.89 and a quick ratio of 0.89. Pinnacle Financial Partners, Inc. has a 1 year low of $81.57 and a 1 year high of $120.46. The company has a market cap of $6.71 billion, a P/E ratio of 10.98, a price-to-earnings-growth ratio of 0.48 and a beta of 1.02. The stock's fifty day moving average price is $96.13 and its 200-day moving average price is $94.30.

Pinnacle Financial Partners Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, February 27th. Shareholders 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%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. upped their price objective on Pinnacle Financial Partners from $110.00 to $125.00 and gave the company an "overweight" rating in a research report on Tuesday, December 16th. DA Davidson initiated coverage on Pinnacle Financial Partners in a report on Monday, January 5th. They issued a "neutral" rating and a $110.00 target price for the company. Raymond James Financial restated a "strong-buy" rating on shares of Pinnacle Financial Partners in a research note on Thursday, January 22nd. UBS Group set a $106.00 price target on Pinnacle Financial Partners in a report on Wednesday, February 4th. Finally, Keefe, Bruyette & Woods increased their price objective on Pinnacle Financial Partners from $95.00 to $100.00 and gave the company a "market perform" rating in a research report on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $113.41.

Insider Activity

In other news, CFO Andrew J. Jr. Gregory purchased 1,000 shares of the business's stock in a transaction on Thursday, February 12th. The stock was acquired at an average cost of $94.52 per share, for a total transaction of $94,520.00. Following the purchase, the chief financial officer directly owned 49,485 shares in the company, valued at $4,677,322.20. This trade represents a 2.06% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.46% of the stock is currently owned by corporate insiders.

Pinnacle Financial Partners Company Profile

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.

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