Pinnacle Financial Partners Stock Price, News & Analysis (NASDAQ:PNFP)

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Pinnacle Financial Partners in the last twelve months. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PNFP shares.
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6 analysts have issued 1-year target prices for Pinnacle Financial Partners' shares. Their PNFP share price targets range from $71.00 to $87.00. On average, they anticipate the company's share price to reach $80.17 in the next year. This suggests a possible upside of 11.6% from the stock's current price.
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Pinnacle Financial Partners' stock was trading at $73.40 at the start of the year. Since then, PNFP shares have decreased by 2.1% and is now trading at $71.85.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, January 16th 2024.
View our PNFP earnings forecast.

Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) issued its quarterly earnings data on Tuesday, October, 17th. The financial services provider reported $1.79 earnings per share for the quarter, topping analysts' consensus estimates of $1.71 by $0.08. The financial services provider earned $408.04 million during the quarter, compared to analyst estimates of $417.02 million. Pinnacle Financial Partners had a trailing twelve-month return on equity of 10.10% and a net margin of 23.30%.

Pinnacle Financial Partners declared a quarterly dividend on Tuesday, October 17th. Shareholders of record on Friday, November 3rd will be paid a dividend of $0.22 per share on Friday, November 24th. This represents a $0.88 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Thursday, November 2nd.
Read our dividend analysis for PNFP.

Pinnacle Financial Partners (NASDAQ:PNFP) pays an annual dividend of $0.88 per share and currently has a dividend yield of 1.24%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 11.35%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PNFP will have a dividend payout ratio of 13.08% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PNFP.

ETFs with the largest weight of Pinnacle Financial Partners (NASDAQ:PNFP) stock in their portfolio include iShares Focused Value Factor ETF (FOVL), First Trust NASDAQ ABA Community Bank Index Fund (QABA), Invesco KBW Regional Banking ETF (KBWR), SPDR S&P Regional Banking ETF (KRE), Harbor Human Capital Factor Unconstrained ETF (HAPY), SPDR S&P Bank ETF (KBE), First Trust Financial AlphaDEX Fund (FXO) and iShares U.S. Regional Banks ETF (IAT).

46 employees have rated Pinnacle Financial Partners Chief Executive Officer M. Terry Turner on Glassdoor.com. M. Terry Turner has an approval rating of 86% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Pinnacle Financial Partners investors own include Franklin Financial Network (FSB), Sandy Spring Bancorp (SASR), NVIDIA (NVDA), Tencent (TCEHY), Boeing (BA), Alibaba Group (BABA), Verizon Communications (VZ), Adobe (ADBE), Advanced Micro Devices (AMD) and General Motors (GM).

Pinnacle Financial Partners' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Invesco Ltd. (3.20%), FMR LLC (2.71%), Jennison Associates LLC (1.65%), Fenimore Asset Management Inc. (1.42%), North Reef Capital Management LP (1.19%) and Channing Capital Management LLC (1.17%). Insiders that own company stock include Gary L Scott, Gregory L Burns, Harold R Carpenter, Harold R Carpenter, Hugh M Queener, Joseph C Galante, M Terry Turner, Reese L Smith III, Richard D Callicutt II, Robert A Mccabe Jr and Ronald L Samuel.
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Shares of PNFP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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