NASDAQ:PNFPPinnacle Financial Partners Stock Price, Forecast & News

$35.62

-1.72 (-4.61 %)

(As of 04/3/2020 04:00 PM ET)

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Today's Range

$34.88

Now: $35.62▼

$37.57

50-Day Range

$31.98

MA: $48.24▼

$63.45

52-Week Range

$27.80

Now: $35.62▼

$65.00

Volume858,795 shs

Average Volume923,119 shs

Market Capitalization$2.72 billion

P/E Ratio6.81

Dividend Yield1.71%

Beta1.55

Pinnacle Financial Partners, Inc. operates as a 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, 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, 2018, the company operates 114 offices, including 47 in Tennessee, 38 in North Carolina, 21 in South Carolina, and 8 in Virginia. Pinnacle Financial Partners, Inc. was founded in 2000 and is headquartered in Nashville, Tennessee.

Beat the Market (BTM) Rank^™

3.2 Analyst's Opinion

Consensus Rating
Pinnacle Financial Partners has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 2 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $60.60, Pinnacle Financial Partners has a potential upside of 70.1% from its current price of $35.62.
Amount of Analyst Coverage
Pinnacle Financial Partners has only been the subject of 1 research reports in the past 90 days.

2.3 Community Rank

Outperform Votes
Pinnacle Financial Partners has received 386 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Pinnacle Financial Partners has received 452 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Pinnacle Financial Partners has received 53.94% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Pinnacle Financial Partners and other stocks. Vote “Outperform” if you believe PNFP will outperform the S&P 500 over the long term. Vote “Underperform” if you believe PNFP will underperform the S&P 500 over the long term. You may vote once every thirty days.

3.3 Dividend Strength

Dividend Leadership
Pinnacle Financial Partners is a leading dividend payer. It pays a dividend yield of 1.71%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Pinnacle Financial Partners has only been increasing its dividend for 2 years.
Dividend Coverage
The dividend payout ratio of Pinnacle Financial Partners is 11.92 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Pinnacle Financial Partners will have a dividend payout ratio of 11.74 % next year. This indicates that Pinnacle Financial Partners will be able to sustain or increase its dividend.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Pinnacle Financial Partners insiders have bought 3,755.48% more of their company's stock than they have sold. Specifically, they have bought $1,146,040.00 in company stock and sold $29,725.00 in company stock.
Percentage Held by Insiders
Only 2.98% of the stock of Pinnacle Financial Partners is held by insiders.
Percentage Held by Institutions
80.31% of the stock of Pinnacle Financial Partners is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8 Earnings and Valuation

Earnings Growth
Earnings for Pinnacle Financial Partners are expected to grow by 7.07% in the coming year, from $5.09 to $5.45 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Pinnacle Financial Partners is 6.81, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 11.04.
Price to Earnings Ratio vs. Sector
The P/E ratio of Pinnacle Financial Partners is 6.81, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 11.40.
Price to Earnings Growth Ratio
Pinnacle Financial Partners has a PEG Ratio of 0.46. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Pinnacle Financial Partners has a P/B Ratio of 0.63. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

3.32 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry National commercial banks

Sub-IndustryRegional Banks

SectorFinance

Current SymbolNASDAQ:PNFP

Previous Symbol

CUSIP72346Q10

CIK1115055

Webhttp://www.pnfp.com/

Phone615-744-3700

Debt

Debt-to-Equity Ratio0.65

Current Ratio1.00

Quick Ratio1.00

Price-To-Earnings

Trailing P/E Ratio6.81

Forward P/E Ratio7.00

P/E Growth0.46

Sales & Book Value

Annual Sales$1.33 billion

Price / Sales2.04

Cash Flow$5.46 per share

Price / Cash Flow6.52

Book Value$56.60 per share

Price / Book0.63

Profitability

EPS (Most Recent Fiscal Year)$5.37

Net Income$400.88 million

Net Margins30.10%

Return on Equity9.75%

Return on Assets1.53%

Miscellaneous

Employees2,487

Outstanding Shares76,410,000

Market Cap$2.72 billion

Next Earnings Date4/20/2020 (Estimated)

OptionableOptionable

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Pinnacle Financial Partners (NASDAQ:PNFP) Frequently Asked Questions

How has Pinnacle Financial Partners' stock been impacted by COVID-19 (Coronavirus)?

Pinnacle Financial Partners' stock was trading at $42.55 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, PNFP stock has decreased by 16.3% and is now trading at $35.62. View which stocks have been mosted impacted by Coronavirus.

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 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." 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 Monday, April 20th 2020. View our earnings forecast for Pinnacle Financial Partners.

How were Pinnacle Financial Partners' earnings last quarter?

Pinnacle Financial Partners (NASDAQ:PNFP) released its quarterly earnings data on Tuesday, January, 21st. The financial services provider reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.01. The financial services provider had revenue of $253.60 million for the quarter, compared to the consensus estimate of $260 million. Pinnacle Financial Partners had a net margin of 30.10% and a return on equity of 9.75%. The firm's quarterly revenue was up 2.5% on a year-over-year basis. During the same period last year, the company posted $1.25 EPS. 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 declared a quarterly dividend on Thursday, January 23rd. Investors of record on Friday, February 7th will be paid a dividend of $0.16 per share on Friday, February 28th. This represents a $0.64 annualized dividend and a dividend yield of 1.80%. The ex-dividend date is Thursday, February 6th. View Pinnacle Financial Partners' dividend history.

What price target have analysts set for PNFP?

5 analysts have issued 12-month target prices for Pinnacle Financial Partners' shares. Their forecasts range from $38.00 to $74.00. On average, they anticipate Pinnacle Financial Partners' stock price to reach $60.60 in the next twelve months. This suggests a possible upside of 70.1% from the stock's current price. View analysts' price targets for Pinnacle Financial Partners.

Has Pinnacle Financial Partners been receiving favorable news coverage?

News headlines about PNFP stock have trended very negative on Saturday, InfoTrie reports. The research group ranks the sentiment of news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Pinnacle Financial Partners earned a news impact score of -3.3 on InfoTrie's scale. They also gave news stories about the financial services provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View the latest news aboutPinnacle Financial Partners.

Are investors shorting Pinnacle Financial Partners?

Pinnacle Financial Partners saw a increase in short interest in March. As of March 13th, there was short interest totaling 2,260,300 shares, an increase of 27.7% from the February 27th total of 1,770,000 shares. Based on an average trading volume of 773,100 shares, the days-to-cover ratio is presently 2.9 days. Approximately 3.1% of the shares of the stock are sold short. View Pinnacle Financial Partners' Current Options Chain.

Who are some of Pinnacle Financial Partners' key competitors?

Some companies that are related to Pinnacle Financial Partners include PNC Financial Services Group (PNC), Truist Financial (TFC), SunTrust Banks (STI), First Republic Bank (FRC), M&T Bank (MTB), Fifth Third Bancorp (FITB), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), SVB Financial Group (SIVB), Commerce Bancshares (CBSH), Prosperity Bancshares (PB), Zions Bancorporation NA (ZION), Signature Bank (SBNY) and First Financial Bankshares (FFIN).

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

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 68)
Mr. Michael Terry Turner, Pres, CEO & Director (Age 64)
Mr. Harold R. Carpenter Jr., Exec. VP & CFO (Age 59)
Mr. Hugh M. Queener, Exec. VP & Chief Admin. Officer (Age 63)
Mr. Richard D. Callicutt II, Chairman for the Carolinas & Virginia and Director (Age 60)

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 many different retail and institutional investors. Top institutional investors include Wiley BROS. Aintree Capital LLC (0.03%). 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, 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 buying Pinnacle Financial Partners stock?

PNFP stock was bought by a variety of institutional investors in the last quarter, including Wiley BROS. Aintree Capital LLC. Company insiders that have bought Pinnacle Financial Partners stock in the last two years include David B Ingram, and G Kennedy Thompson. 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 $35.62.

How big of a company is Pinnacle Financial Partners?

Pinnacle Financial Partners has a market capitalization of $2.72 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. View additional information about Pinnacle Financial Partners.

What is Pinnacle Financial Partners' official website?

The official website for Pinnacle Financial Partners is http://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 4/4/2020 by MarketBeat.com Staff

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NASDAQ:PNFPPinnacle Financial Partners Stock Price, Forecast & News

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Beat the Market (BTM) Rank™

3.2 Analyst's Opinion

Consensus Rating

Price Target Upside/Downside

Amount of Analyst Coverage

2.3 Community Rank

Outperform Votes

Underperform Votes

Community Sentiment