Pinnacle Financial Partners - PNFP Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pinnacle Financial Partners in the last year. There are currently 1 sell rating, 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" PNFP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PNFP, but not buy additional shares or sell existing shares.
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7 analysts have issued 12 month price objectives for Pinnacle Financial Partners' shares. Their PNFP share price forecasts range from $66.00 to $95.00. On average, they anticipate the company's share price to reach $85.57 in the next year. This suggests a possible upside of 4.5% from the stock's current price.
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Pinnacle Financial Partners' stock was trading at $73.40 at the beginning of the year. Since then, PNFP stock has increased by 11.6% and is now trading at $81.91.
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Pinnacle Financial Partners saw a increase in short interest in the month of January. As of January 15th, there was short interest totaling 2,270,000 shares, an increase of 20.1% from the December 31st total of 1,890,000 shares. Based on an average trading volume of 439,400 shares, the short-interest ratio is presently 5.2 days. Approximately 3.0% of the company's shares are short sold.
View Pinnacle Financial Partners' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, April 17th 2023.
View our PNFP earnings forecast.

Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) posted its quarterly earnings results on Tuesday, January, 17th. The financial services provider reported $1.76 earnings per share for the quarter, missing analysts' consensus estimates of $2.08 by $0.32. The financial services provider earned $401.78 million during the quarter, compared to analyst estimates of $423.54 million. Pinnacle Financial Partners had a net margin of 31.33% and a trailing twelve-month return on equity of 10.90%.

Pinnacle Financial Partners declared a quarterly dividend on Tuesday, January 17th. Stockholders of record on Friday, February 3rd will be paid a dividend of $0.22 per share on Friday, February 24th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend is Thursday, February 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 1.07%. 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 12.26%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PNFP will have a dividend payout ratio of 11.07% 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 a variety of retail and institutional investors. Top institutional shareholders include Mondrian Investment Partners LTD (1.74%), Artemis Investment Management LLP (1.28%), Pinnacle Financial Partners Inc. (1.00%), Fenimore Asset Management Inc. (0.91%), Leeward Investments LLC MA (0.53%) and Ardevora Asset Management LLP (0.49%). 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 $81.91.

Pinnacle Financial Partners (NASDAQ:PNFP) has a market capitalization of $6.26 billion and generates $1.79 billion in revenue each year. The financial services provider earns $560.74 million in net income (profit) each year or $7.18 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.