Pinnacle Financial Partners Stock Forecast, Price & 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 (WHO). Since then, PNFP shares have decreased by 11.9% and is now trading at $37.48.
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5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pinnacle Financial Partners in the last year. There are currently 2 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, October 20th 2020.
View our earnings forecast for Pinnacle Financial Partners.

Pinnacle Financial Partners (NASDAQ:PNFP) issued its quarterly earnings data on Tuesday, July, 21st. The financial services provider reported $0.83 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.88 by $0.05. The financial services provider earned $273.61 million during the quarter, compared to analyst estimates of $270.63 million. Pinnacle Financial Partners had a return on equity of 6.94% and a net margin of 22.12%.
View Pinnacle Financial Partners' earnings history.

Pinnacle Financial Partners announced a quarterly dividend on Tuesday, July 21st. Shareholders of record on Friday, August 7th will be given a dividend of $0.16 per share on Friday, August 28th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Thursday, August 6th.
View Pinnacle Financial Partners' dividend history.

5 brokers have issued 12 month price targets for Pinnacle Financial Partners' shares. Their forecasts range from $35.00 to $50.00. On average, they expect Pinnacle Financial Partners' share price to reach $44.40 in the next twelve months. This suggests a possible upside of 18.5% from the stock's current price.
View analysts' price targets for Pinnacle Financial Partners.

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), Zions Bancorporation NA (ZION), East West Bancorp (EWBC), Signature Bank (SBNY), Prosperity Bancshares (PB) and Cullen/Frost Bankers (CFR).
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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 HOLDING/ADR (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 investors include Vanguard Group Inc. (8.79%), Wasatch Advisors Inc. (2.67%), Victory Capital Management Inc. (2.39%), Wedge Capital Management L L P NC (2.37%), Ceredex Value Advisors LLC (2.05%) and Goldman Sachs Group Inc. (1.74%). 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 Jennison Associates LLC, Ceredex Value Advisors LLC, Frontier Capital Management Co. LLC, Pinnacle Financial Partners Inc., Baird Financial Group Inc., Nuveen Asset Management LLC, Prudential Financial Inc., and Vanguard Group Inc.. Company insiders that have sold Pinnacle Financial Partners company stock in the last year include Charles E Brock, Gary L Scott, Hugh M Queener, Richard D Callicutt II, and Ronald L Samuel.
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 WCM Investment Management LLC, Balyasny Asset Management LLC, Sei Investments Co., GW&K Investment Management LLC, Victory Capital Management Inc., Wedge Capital Management L L P NC, Hunter Perkins Capital Management LLC, and Clark Capital Management Group 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 $37.48.

Pinnacle Financial Partners has a market capitalization of $2.84 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]