NASDAQ:PNFPPinnacle Financial Partners Stock Price, Forecast & News

Pinnacle Financial Partners' stock was trading at $42.55 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, PNFP shares have decreased by 6.5% and is now trading at $39.80. View which stocks have been most impacted by Coronavirus.

6 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 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, July 21st 2020. View our earnings forecast for Pinnacle Financial Partners.

Pinnacle Financial Partners (NASDAQ:PNFP) released its quarterly earnings data on Monday, April, 20th. The financial services provider reported $0.39 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $1.05 by $0.66. The financial services provider had revenue of $263.93 million for the quarter, compared to analyst estimates of $260.15 million. Pinnacle Financial Partners had a net margin of 24.72% and a return on equity of 8.04%. The business's revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.24 earnings per share. View Pinnacle Financial Partners' earnings history.

Pinnacle Financial Partners announced a quarterly dividend on Tuesday, April 21st. Investors 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 annualized dividend and a yield of 1.61%. The ex-dividend date is Thursday, April 30th. View Pinnacle Financial Partners' dividend history.

6 brokerages have issued 12 month price targets for Pinnacle Financial Partners' stock. Their forecasts range from $35.00 to $63.00. On average, they anticipate Pinnacle Financial Partners' share price to reach $46.50 in the next year. This suggests a possible upside of 16.8% from the stock's current price. View analysts' price targets for Pinnacle Financial Partners.

News articles about PNFP stock have trended somewhat negative recently, according to InfoTrie. The research group rates the sentiment of news coverage by analyzing 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 closest to five being the most favorable. Pinnacle Financial Partners earned a media sentiment score of -1.3 on InfoTrie's scale. They also gave media headlines about the financial services provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the next few days. View the latest news about Pinnacle Financial Partners.

Pinnacle Financial Partners saw a drop in short interest during the month of June. As of June 15th, there was short interest totaling 2,240,000 shares, a drop of 14.8% from the May 31st total of 2,630,000 shares. Based on an average daily trading volume, of 653,600 shares, the days-to-cover ratio is presently 3.4 days. Currently, 3.1% of the shares of the stock are sold short. View Pinnacle Financial Partners' Current Options Chain.

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), KeyCorp (KEY), SVB Financial Group (SIVB), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Signature Bank (SBNY), Zions Bancorporation NA (ZION), Prosperity Bancshares (PB), East West Bancorp (EWBC) and Cullen/Frost Bankers (CFR). View all competitors.

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).

Pinnacle Financial Partners trades on the NASDAQ under the ticker symbol "PNFP."

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 $39.80.

Pinnacle Financial Partners has a market capitalization of $3.02 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]