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 Wall Street research analysts have issued 1 year price objectives for Pinnacle Financial Partners' shares. Their PNFP share price forecasts range from $64.00 to $93.00. On average, they predict the company's share price to reach $77.88 in the next year. This suggests a possible upside of 39.5% from the stock's current price.
View analysts price targets for PNFP or view top-rated stocks among Wall Street analysts.

Pinnacle Financial Partners' stock was trading at $73.40 on January 1st, 2023. Since then, PNFP shares have decreased by 24.0% and is now trading at $55.82.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 18th 2023.
View our PNFP earnings forecast.

Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) released its quarterly earnings data on Tuesday, April, 18th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.74 by $0.02. The financial services provider earned $401.76 million during the quarter, compared to the consensus estimate of $418.58 million. Pinnacle Financial Partners had a trailing twelve-month return on equity of 10.85% and a net margin of 28.11%. Pinnacle Financial Partners's quarterly revenue was up 17.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.65 EPS.

Pinnacle Financial Partners announced a quarterly dividend on Tuesday, April 18th. Shareholders of record on Friday, May 5th will be given a dividend of $0.22 per share on Friday, May 26th. This represents a $0.88 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date is Thursday, May 4th.
Read our dividend analysis for PNFP.

ETFs with the largest weight of Pinnacle Financial Partners (NASDAQ:PNFP) stock in their portfolio include First Trust NASDAQ ABA Community Bank Index Fund (QABA), Invesco KBW Regional Banking ETF (KBWR), SPDR S&P Regional Banking ETF (KRE), SPDR S&P Bank ETF (KBE), iShares U.S. Regional Banks ETF (IAT), Direxion Daily Regional Banks Bull 3x Shares (DPST), First Trust Nasdaq Bank ETF (FTXO) and Nuveen Small Cap Select ETF (NSCS).

Pinnacle Financial Partners (NASDAQ:PNFP) pays an annual dividend of $0.88 per share and currently has a dividend yield of 1.69%. 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 12.07%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PNFP will have a dividend payout ratio of 13.17% 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 institutional and retail investors. Top institutional shareholders include BlackRock Inc. (9.65%), State Street Corp (4.52%), Wasatch Advisors LP (2.76%), Dimensional Fund Advisors LP (2.35%), Geode Capital Management LLC (1.47%) and Fenimore Asset Management Inc. (1.40%). Insiders that own company stock include David B Ingram, 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 $55.82.

Pinnacle Financial Partners (NASDAQ:PNFP) has a market capitalization of $4.28 billion and generates $1.38 billion in revenue each year. The financial services provider earns $560.74 million in net income (profit) each year or $7.29 on an earnings per share basis.

The company employs 3,242 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.