NASDAQ:PNFPPinnacle Financial Partners Stock Price, Forecast & News

$47.46

+3.50 (+7.96 %)

(As of 06/5/2020 02:30 PM ET)

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Today's Range

$46.37

Now: $47.46▼

$55.00

50-Day Range

$33.24

MA: $37.73▼

$43.00

52-Week Range

$27.80

Now: $47.46▼

$65.00

Volume22,619 shs

Average Volume448,232 shs

Market Capitalization$3.60 billion

P/E Ratio10.84

Dividend Yield1.50%

Beta1.39

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^™

1.2 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 $44.00, Pinnacle Financial Partners has a potential downside of 7.5% from its current price of $47.57.
Amount of Analyst Coverage
Pinnacle Financial Partners has only been the subject of 4 research reports in the past 90 days.

2.3 Community Rank

Outperform Votes
Pinnacle Financial Partners has received 388 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Pinnacle Financial Partners has received 456 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Pinnacle Financial Partners has received 54.03% “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 1.50%, 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 15.46 % 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 409.93% more of their company's stock than they have sold. Specifically, they have bought $1,917,350.00 in company stock and sold $376,002.00 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
79.08% 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.

2.5 Earnings and Valuation

Earnings Growth
Earnings for Pinnacle Financial Partners are expected to grow by 18.97% in the coming year, from $3.48 to $4.14 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Pinnacle Financial Partners is 10.86, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.39.
Price to Earnings Ratio vs. Sector
The P/E ratio of Pinnacle Financial Partners is 10.86, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 20.55.
Price to Book Value per Share Ratio
Pinnacle Financial Partners has a P/B Ratio of 0.84. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.67 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

Webwww.pnfp.com

Phone615-744-3700

Debt

Debt-to-Equity Ratio0.68

Current Ratio0.99

Quick Ratio0.99

Price-To-Earnings

Trailing P/E Ratio10.84

Forward P/E Ratio13.64

P/E GrowthN/A

Sales & Book Value

Annual Sales$1.33 billion

Price / Sales2.70

Cash Flow$6.36 per share

Price / Cash Flow7.46

Book Value$56.60 per share

Price / Book0.84

Profitability

EPS (Most Recent Fiscal Year)$5.37

Net Income$400.88 million

Net Margins24.72%

Return on Equity8.04%

Return on Assets1.24%

Miscellaneous

Employees2,487

Outstanding Shares75,850,000

Market Cap$3.60 billion

Next Earnings Date7/21/2020 (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 COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, PNFP shares have increased by 11.8% and is now trading at $47.57. View which stocks have been most 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 Tuesday, July 21st 2020. View our earnings forecast for Pinnacle Financial Partners.

How were Pinnacle Financial Partners' earnings last quarter?

Pinnacle Financial Partners (NASDAQ:PNFP) posted its quarterly earnings results on Monday, April, 20th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.05 by $0.66. The financial services provider had revenue of $263.93 million for the quarter, compared to analysts' expectations of $260.15 million. Pinnacle Financial Partners had a return on equity of 8.04% and a net margin of 24.72%. Pinnacle Financial Partners's revenue was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.24 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 declared a quarterly dividend on Tuesday, April 21st. Stockholders 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 1.35%. The ex-dividend date of this dividend is Thursday, April 30th. View Pinnacle Financial Partners' dividend history.

What price target have analysts set for PNFP?

5 equities research analysts have issued 12 month target prices for Pinnacle Financial Partners' stock. Their forecasts range from $35.00 to $63.00. On average, they expect Pinnacle Financial Partners' stock price to reach $44.00 in the next year. This suggests that the stock has a possible downside of 7.5%. View analysts' price targets for Pinnacle Financial Partners.

Has Pinnacle Financial Partners been receiving favorable news coverage?

Press coverage about PNFP stock has been trending extremely negative recently, according to InfoTrie. InfoTrie identifies negative and positive media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Pinnacle Financial Partners earned a media sentiment score of -5.0 on InfoTrie's scale. They also assigned media headlines about the financial services provider a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact 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 May. As of May 15th, there was short interest totaling 2,540,000 shares, an increase of 17.1% from the April 30th total of 2,170,000 shares. Based on an average trading volume of 669,000 shares, the short-interest ratio is currently 3.8 days. Approximately 3.5% 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 Truist Financial (TFC), PNC Financial Services Group (PNC), SunTrust Banks (STI), First Republic Bank (FRC), Fifth Third Bancorp (FITB), M&T Bank (MTB), KeyCorp (KEY), Regions Financial (RF), SVB Financial Group (SIVB), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Zions Bancorporation NA (ZION), Signature Bank (SBNY), Prosperity Bancshares (PB) and East West Bancorp (EWBC). View all 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), TENCENT HOLDING/ADR (TCEHY), Alibaba Group (BABA), Adobe (ADBE), Verizon Communications (VZ), Advanced Micro Devices (AMD), Autodesk (ADSK), Netflix (NFLX) and NVIDIA (NVDA).

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 a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.53%), State Street Corp (2.99%), Wasatch Advisors Inc. (2.58%), Ceredex Value Advisors LLC (2.54%), Victory Capital Management Inc. (2.23%) and Victory Capital Management Inc. (2.23%). 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 major investors are selling Pinnacle Financial Partners stock?

PNFP stock was sold by a variety of institutional investors in the last quarter, including Wells Fargo & Company MN, Jennison Associates LLC, Columbus Circle Investors, BlackRock Inc., Janus Henderson Group PLC, Pinnacle Financial Partners Inc., Oppenheimer Asset Management Inc., and Mesirow Financial Investment Management Equity Management. 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.

Which major investors are buying Pinnacle Financial Partners stock?

PNFP stock was acquired by a variety of institutional investors in the last quarter, including Frontier Capital Management Co. LLC, Wedge Capital Management L L P NC, Copper Rock Capital Partners LLC, Ceredex Value Advisors LLC, Baird Financial Group Inc., Stieven Capital Advisors L.P., Atlanta Capital Management Co. L L C, and FDx Advisors 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 $47.57.

How big of a company is Pinnacle Financial Partners?

Pinnacle Financial Partners has a market capitalization of $3.61 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 6/5/2020 by MarketBeat.com Staff