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NASDAQ:PNFP

Pinnacle Financial Partners Stock Forecast, Price & News

$42.96
-0.64 (-1.47 %)
(As of 10/28/2020 12:00 AM ET)
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Today's Range
$42.56
Now: $42.96
$43.73
50-Day Range
$33.28
MA: $38.91
$45.19
52-Week Range
$27.80
Now: $42.96
$65.00
Volume348,839 shs
Average Volume503,383 shs
Market Capitalization$3.26 billion
P/E Ratio11.07
Dividend Yield1.47%
Beta1.39
Pinnacle Financial Partners, Inc., together with its subsidiaries, operates as the bank holding company for Pinnacle Bank that provides various banking products and services in the United States. The company accepts various deposits, including savings, checking, noninterest-bearing checking, interest-bearing checking, money market, and certificate of deposit accounts. Its loan products include commercial loans, such as equipment and working capital loans; commercial real estate loans comprising investment properties and business loans secured by real estate; and loans to individuals consisting of secured and unsecured installment and term loans, lines of credit, residential first mortgage loans, and home equity loans and lines of credit. The company also offers various securities and other financial products; investment products; brokerage and investment advisory programs; and fiduciary and investment management services, such as personal trust, endowments, foundations, individual retirement accounts, pensions, and custody. In addition, it provides insurance products primarily in the property and casualty area; merger and acquisition advisory services; and private debt, equity and mezzanine, interest rate derivatives, and other middle-market advisory services. Further, the company offers treasury management, telephone and online banking, mobile banking, debit and credit cards, direct and remote deposit, automated teller machine, and cash management services. It serves individuals, small-to medium-sized businesses, and professional entities. As of December 31, 2019, the company operated 111 offices, including 47 in Tennessee, 36 in North Carolina, 20 in South Carolina, and eight in Virginia. Pinnacle Financial Partners, Inc. was founded in 2000 and is headquartered in Nashville, Tennessee.
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Pinnacle Financial Partners logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.3Community Rank: 2.3Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.75 out of 5 stars

Industry, Sector and Symbol

Industry National commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:PNFP
CUSIP72346Q10
Phone615-744-3700
Employees2,487

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.33 billion
Cash Flow$6.23 per share
Book Value$56.60 per share

Profitability

Net Income$400.88 million

Miscellaneous

Market Cap$3.26 billion
Next Earnings Date1/19/2021 (Estimated)
OptionableOptionable
$42.96
-0.64 (-1.47 %)
(As of 10/28/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Pinnacle Financial Partners (NASDAQ:PNFP) Frequently Asked Questions

How has Pinnacle Financial Partners' stock price been impacted by COVID-19?

Pinnacle Financial Partners' stock was trading at $42.55 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, PNFP shares have increased by 1.0% and is now trading at $42.96.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Pinnacle Financial Partners?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pinnacle Financial Partners in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Pinnacle Financial Partners
.

When is Pinnacle Financial Partners' next earnings date?

Pinnacle Financial Partners is scheduled to release its next quarterly earnings announcement on Tuesday, January 19th 2021.
View our earnings forecast for Pinnacle Financial Partners
.

How were Pinnacle Financial Partners' earnings last quarter?

Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) posted its quarterly earnings data on Tuesday, October, 20th. The financial services provider reported $1.45 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.10 by $0.35. The financial services provider had revenue of $297.66 million for the quarter, compared to the consensus estimate of $281.78 million. Pinnacle Financial Partners had a net margin of 22.12% and a return on equity of 6.94%. The firm's revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.45 earnings per share.
View Pinnacle Financial Partners' earnings history
.

How often does Pinnacle Financial Partners pay dividends? What is the dividend yield for Pinnacle Financial Partners?

Pinnacle Financial Partners announced a quarterly dividend on Tuesday, October 20th. Stockholders of record on Friday, November 6th will be paid a dividend of $0.16 per share on Friday, November 27th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend is Thursday, November 5th.
View Pinnacle Financial Partners' dividend history
.

What price target have analysts set for PNFP?

5 brokers have issued twelve-month price objectives for Pinnacle Financial Partners' stock. Their forecasts range from $35.00 to $50.00. On average, they expect Pinnacle Financial Partners' stock price to reach $45.20 in the next twelve months. This suggests a possible upside of 5.2% from the stock's current price.
View analysts' price targets for Pinnacle Financial Partners
.

Are investors shorting Pinnacle Financial Partners?

Pinnacle Financial Partners saw a drop in short interest during the month of October. As of October 15th, there was short interest totaling 1,400,000 shares, a drop of 15.7% from the September 30th total of 1,660,000 shares. Based on an average daily trading volume, of 433,700 shares, the days-to-cover ratio is currently 3.2 days. Currently, 1.9% of the shares of the stock are sold short.
View Pinnacle Financial Partners' Short Interest
.

Who are some of Pinnacle Financial Partners' key competitors?

What other stocks do shareholders of Pinnacle Financial Partners own?

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 HOLDING/ADR (TCEHY), The Boeing (BA), Alibaba Group (BABA), Verizon Communications (VZ), Adobe (ADBE), Advanced Micro Devices (AMD) and General Motors (GM).

Who are Pinnacle Financial Partners' key executives?

Pinnacle Financial Partners' management team includes the following people:
  • Mr. Robert A. McCabe Jr., Co-Founder & Chairman (Age 69, Pay $2.28M)
  • Mr. Michael Terry Turner, Pres, CEO & Director (Age 65, Pay $2.37M)
  • Mr. Harold R. Carpenter Jr., Exec. VP, CFO & Principal Accounting Officer (Age 60, Pay $1.03M)
  • Mr. Hugh M. Queener, Exec. VP, Chief Admin. Officer & Corp. Sec. (Age 64, Pay $1.09M)
  • Mr. Richard D. Callicutt II, Chairman for the Carolinas & Virginia and Director (Age 61, Pay $1.26M)

What is Pinnacle Financial Partners' stock symbol?

Pinnacle Financial Partners trades on the NASDAQ under the ticker symbol "PNFP."

Who are Pinnacle Financial Partners' major shareholders?

Pinnacle Financial Partners' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Wedge Capital Management L L P NC (2.33%), Pinnacle Financial Partners Inc. (0.87%), Fenimore Asset Management Inc. (0.65%), Retirement Systems of Alabama (0.32%), Foundry Partners LLC (0.28%) and Peregrine Capital Management LLC (0.26%). Company insiders that own Pinnacle Financial Partners stock include Charles E Brock, David B Ingram, G Kennedy Thompson, Gary L Scott, Gregory L Burns, Harold R Carpenter, Hugh M Queener, Joseph C Galante, M Terry Turner, Richard D Callicutt II, Robert A Mccabe Jr, Ronald L Samuel and Thomas R Sloan.
View institutional ownership trends for Pinnacle Financial Partners
.

Which institutional investors are selling Pinnacle Financial Partners stock?

PNFP stock was sold by a variety of institutional investors in the last quarter, including Emerald Mutual Fund Advisers Trust, Emerald Advisers LLC, Wedge Capital Management L L P NC, Fenimore Asset Management Inc., New Mexico Educational Retirement Board, Patriot Investment Management Inc., New Mexico Educational Retirement Board, and Davy Global Fund Management Ltd. Company insiders that have sold Pinnacle Financial Partners company stock in the last year include Charles E Brock, Gary L Scott, Hugh M Queener, Richard D Callicutt II, and Ronald L Samuel.
View insider buying and selling activity for Pinnacle Financial Partners
.

Which institutional investors are buying Pinnacle Financial Partners stock?

PNFP stock was bought by a variety of institutional investors in the last quarter, including Foundry Partners LLC, Peregrine Capital Management LLC, Hunter Perkins Capital Management LLC, Assenagon Asset Management S.A., Retirement Systems of Alabama, Cahaba Wealth Management Inc., Pacer Advisors Inc., and Capital Investment Counsel Inc. Company insiders that have bought Pinnacle Financial Partners stock in the last two years include David B Ingram, G Kennedy Thompson, Joseph C Galante, and Richard D Callicutt II.
View insider buying and selling activity for Pinnacle Financial Partners
.

How do I buy shares of Pinnacle Financial Partners?

Shares of PNFP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Pinnacle Financial Partners' stock price today?

One share of PNFP stock can currently be purchased for approximately $42.96.

How big of a company is Pinnacle Financial Partners?

Pinnacle Financial Partners has a market capitalization of $3.26 billion and generates $1.33 billion in revenue each year. The financial services provider earns $400.88 million in net income (profit) each year or $5.37 on an earnings per share basis. Pinnacle Financial Partners employs 2,487 workers across the globe.

What is Pinnacle Financial Partners' official website?

The official website for Pinnacle Financial Partners is www.pnfp.com.

How can I contact Pinnacle Financial Partners?

Pinnacle Financial Partners' mailing address is 150 THIRD AVENUE SOUTH SUITE 900, NASHVILLE TN, 37201. The financial services provider can be reached via phone at 615-744-3700 or via email at [email protected]

This page was last updated on 10/29/2020 by MarketBeat.com Staff

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