NASDAQ:PNFPPinnacle Financial Partners Stock Price, Forecast & News

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 decreased by 9.4% and is now trading at $38.53. View which stocks have been most impacted by Coronavirus.

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

Pinnacle Financial Partners is scheduled to release its next quarterly earnings announcement on Tuesday, July 21st 2020. View our earnings forecast for Pinnacle Financial Partners.

Pinnacle Financial Partners (NASDAQ:PNFP) posted its quarterly earnings data on Monday, April, 20th. The financial services provider reported $0.39 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $1.05 by $0.66. The financial services provider earned $263.93 million during the quarter, compared to analysts' expectations of $260.15 million. Pinnacle Financial Partners had a net margin of 24.72% and a return on equity of 8.04%. The business's revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.24 earnings per share. View Pinnacle Financial Partners' earnings history.

Pinnacle Financial Partners announced a quarterly dividend on Tuesday, April 21st. Shareholders of record on Friday, May 1st will be given a dividend of $0.16 per share on Friday, May 29th. This represents a $0.64 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend is Thursday, April 30th. View Pinnacle Financial Partners' dividend history.

6 analysts have issued 1-year price objectives for Pinnacle Financial Partners' stock. Their forecasts range from $35.00 to $63.00. On average, they anticipate Pinnacle Financial Partners' share price to reach $47.50 in the next twelve months. This suggests a possible upside of 23.3% from the stock's current price. View analysts' price targets for Pinnacle Financial Partners.

News headlines about PNFP stock have been trending somewhat negative on Saturday, according to InfoTrie Sentiment Analysis. The research group scores the sentiment of press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Pinnacle Financial Partners earned a media sentiment score of -1.2 on InfoTrie's scale. They also assigned media coverage about the financial services provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the next several days. View the latest news about Pinnacle Financial Partners.

Pinnacle Financial Partners saw a increase in short interest during the month of June. As of June 30th, there was short interest totaling 2,420,000 shares, an increase of 8.0% from the June 15th total of 2,240,000 shares. Based on an average daily volume of 546,200 shares, the short-interest ratio is presently 4.4 days. Currently, 3.4% of the shares of the company are sold short. View Pinnacle Financial Partners' Current Options Chain.

Some companies that are related to Pinnacle Financial Partners include Truist Financial (TFC), PNC Financial Services Group (PNC), First Republic Bank (FRC), Fifth Third Bancorp (FITB), M&T Bank (MTB), SVB Financial Group (SIVB), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Signature Bank (SBNY), Zions Bancorporation NA (ZION), Prosperity Bancshares (PB), East West Bancorp (EWBC) and Cullen/Frost Bankers (CFR). View all competitors.

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), TENCENT HOLDING/ADR (TCEHY), Alibaba Group (BABA), Adobe (ADBE), Verizon Communications (VZ), Advanced Micro Devices (AMD), Autodesk (ADSK), Netflix (NFLX) and NVIDIA (NVDA).

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

Pinnacle Financial Partners' stock is owned by a number of retail and institutional investors. Top institutional investors include Wedge Capital Management L L P NC (2.37%), Envestnet Asset Management Inc. (0.14%) and Wiley BROS. Aintree Capital LLC (0.01%). 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.

PNFP stock was sold by a variety of institutional investors in the last quarter, including Wiley BROS. Aintree Capital LLC. Company insiders that have sold Pinnacle Financial Partners company stock in the last year include Charles E Brock, Gary L Scott, Harold R Carpenter, Hugh M Queener, M Terry Turner, Richard D Callicutt II, Ronald L Samuel, and Thomas R Sloan. View insider buying and selling activity for Pinnacle Financial Partners.

PNFP stock was purchased by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC, and Envestnet Asset Management 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.

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.

One share of PNFP stock can currently be purchased for approximately $38.53.

Pinnacle Financial Partners has a market capitalization of $2.92 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.

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

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]