Pinnacle Financial Partners - PNFP Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Pinnacle Financial Partners in the last twelve months. There are currently 1 sell rating, 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PNFP shares.
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7 brokerages have issued 1 year price targets for Pinnacle Financial Partners' stock. Their PNFP share price forecasts range from $66.00 to $130.00. On average, they anticipate the company's stock price to reach $92.29 in the next year. This suggests a possible upside of 13.6% from the stock's current price.
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Pinnacle Financial Partners' stock was trading at $95.50 on January 1st, 2022. Since then, PNFP shares have decreased by 14.9% and is now trading at $81.24.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 11th 2022.
View our PNFP earnings forecast.

Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) announced its earnings results on Tuesday, July, 19th. The financial services provider reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.18. The financial services provider had revenue of $390.08 million for the quarter, compared to analyst estimates of $367.48 million. Pinnacle Financial Partners had a trailing twelve-month return on equity of 10.76% and a net margin of 36.17%. The company's revenue for the quarter was up 17.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.68 earnings per share.

Pinnacle Financial Partners announced a quarterly dividend on Thursday, July 21st. Shareholders of record on Friday, August 5th will be given a dividend of $0.22 per share on Friday, August 26th. This represents a $0.88 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend is Thursday, August 4th.
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 1.06%. 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 12.63%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PNFP will have a dividend payout ratio of 11.15% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PNFP.

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 trades on the NASDAQ under the ticker symbol "PNFP."

Pinnacle Financial Partners' stock is owned by many different institutional and retail investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (5.43%), State Street Corp (3.85%), Macquarie Group Ltd. (1.94%), Mondrian Investment Partners LTD (1.68%), FMR LLC (1.39%) and JPMorgan Chase & Co. (1.38%). Insiders that own company stock include Charles E Brock, David B Ingram, G Kennedy Thompson, 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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One share of PNFP stock can currently be purchased for approximately $81.24.

Pinnacle Financial Partners (NASDAQ:PNFP) has a market capitalization of $6.21 billion and generates $1.43 billion in revenue each year. The financial services provider earns $527.32 million in net income (profit) each year or $6.97 on an earnings per share basis.

The company employs 2,841 workers across the globe.

Pinnacle Financial Partners' mailing address is 150 THIRD AVENUE SOUTH SUITE 900, NASHVILLE TN, 37201. The official website for the company is www.pnfp.com. The financial services provider can be reached via phone at (615) 744-3700, via email at harold.carpenter@pnfp.com, or via fax at 615-744-3861.