Inceptionr LLC Acquires Shares of 12,523 Pinnacle Financial Partners, Inc. $PNFP

Key Points

• Inceptionr LLC opened a new position in Pinnacle Financial Partners (NASDAQ: PNFP) of 12,523 shares worth about $1.18 million, while several other institutions — notably Jefferies, Grantham Mayo Van Otterloo and First Trust Advisors (which raised its stake 341.5% to 411,436 shares worth $38.59 million) — also initiated or grew positions, leaving institutional investors with roughly 87.40% ownership.
• Pinnacle trades with a market cap of about $6.89 billion, a P/E of 11.29, a 52-week range of $81.57–$120.46 and recently paid a $0.50 dividend (payout ratio 24.72%); Wall Street consensus is a “Moderate Buy” with an average target of $113.41 and several firms raising targets into the $125–$135 area.

Inceptionr LLC acquired a new position in shares of Pinnacle Financial Partners, Inc. (NASDAQ:PNFP - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 12,523 shares of the financial services provider's stock, valued at approximately $1,175,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Jefferies Financial Group Inc. acquired a new stake in shares of Pinnacle Financial Partners in the 3rd quarter valued at about $12,154,000. Vinva Investment Management Ltd acquired a new position in Pinnacle Financial Partners in the third quarter worth about $394,000. Athos Capital Ltd acquired a new position in Pinnacle Financial Partners in the third quarter worth about $2,117,000. Grantham Mayo Van Otterloo & Co. LLC bought a new stake in Pinnacle Financial Partners in the third quarter valued at about $12,329,000. Finally, First Trust Advisors LP increased its holdings in Pinnacle Financial Partners by 341.5% in the third quarter. First Trust Advisors LP now owns 411,436 shares of the financial services provider's stock valued at $38,589,000 after buying an additional 318,243 shares during the last quarter. Institutional investors own 87.40% of the company's stock.

Pinnacle Financial Partners Stock Performance

Shares of NASDAQ PNFP opened at $88.83 on Monday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.33. The firm's 50-day moving average price is $96.60 and its two-hundred day moving average price is $94.41. Pinnacle Financial Partners, Inc. has a 52-week low of $81.57 and a 52-week high of $120.46. The stock has a market capitalization of $6.89 billion, a P/E ratio of 11.29, a P/E/G ratio of 0.48 and a beta of 1.02.

Pinnacle Financial Partners Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 6th were given a dividend of $0.50 per share. The ex-dividend date was Friday, February 6th. Pinnacle Financial Partners's payout ratio is currently 24.72%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on PNFP. Keefe, Bruyette & Woods increased their target price on Pinnacle Financial Partners from $95.00 to $100.00 and gave the stock a "market perform" rating in a report on Friday, January 9th. Truist Financial set a $100.00 price target on Pinnacle Financial Partners in a report on Friday, January 9th. Piper Sandler raised their price objective on Pinnacle Financial Partners from $120.00 to $122.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 28th. JPMorgan Chase & Co. raised their price objective on Pinnacle Financial Partners from $110.00 to $125.00 and gave the stock an "overweight" rating in a research note on Tuesday, December 16th. Finally, Barclays lifted their price objective on shares of Pinnacle Financial Partners from $125.00 to $135.00 and gave the stock an "overweight" rating in a report on Friday, December 19th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, Pinnacle Financial Partners currently has a consensus rating of "Moderate Buy" and an average target price of $113.41.

Insider Transactions at Pinnacle Financial Partners

In related news, CFO Andrew J. Jr. Gregory acquired 1,000 shares of the stock in a transaction that occurred on Thursday, February 12th. The stock was purchased 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 represents a 2.06% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 1.46% of the stock is owned by corporate insiders.

Pinnacle Financial Partners 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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