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NASDAQ:PNFP

Pinnacle Financial Partners - PNFP Stock Forecast, Price & News

$86.30
-0.50 (-0.58%)
(As of 08/18/2022 01:18 PM ET)
Add
Compare
Today's Range
$85.96
$86.89
50-Day Range
$68.56
$87.66
52-Week Range
$67.86
$111.31
Volume
2,449 shs
Average Volume
411,269 shs
Market Capitalization
$6.60 billion
P/E Ratio
12.38
Dividend Yield
1.00%
Price Target
$92.29

Pinnacle Financial Partners MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.57 Rating Score
Upside/​Downside
6.5% Upside
$92.29 Price Target
Short Interest
Healthy
2.09% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-0.39
Upright™ Environmental Score
News Sentiment
0.53mentions of Pinnacle Financial Partners in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$116,250 Sold Last Quarter
Proj. Earnings Growth
8.08%
From $7.30 to $7.89 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.56 out of 5 stars

Finance Sector

241st out of 932 stocks

National Commercial Banks Industry

27th out of 89 stocks

PNFP stock logo

About Pinnacle Financial Partners (NASDAQ:PNFP) Stock

Pinnacle Financial Partners, Inc., together with its subsidiaries, operates as the 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, noninterest-bearing and 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, as well as provides credit cards for consumers and businesses. 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 agency services primarily in the property and casualty area; merger and acquisition advisory services; and private debt, equity and mezzanine, and other middle-market advisory services. Further, the company offers treasury management, telephone and online banking, mobile banking, debit cards, direct deposit and remote deposit capture, mobile deposit option, automated teller machine, and cash management services. It serves individuals, small to medium-sized businesses, and professional entities. As of December 31, 2020, the company operated 114 offices, including 48 in Tennessee, 36 in North Carolina, 20 in South Carolina, 9 in Virginia, and 1 in Georgia. Pinnacle Financial Partners, Inc. was incorporated in 2000 and is headquartered in Nashville, Tennessee.

Wall Street Analyst Weigh In

A number of research firms recently commented on PNFP. Stephens increased their target price on Pinnacle Financial Partners to $93.00 in a research note on Friday, July 22nd. Jefferies Financial Group cut Pinnacle Financial Partners from a "hold" rating to an "underperform" rating and reduced their price objective for the company from $85.00 to $66.00 in a research note on Monday, July 11th. StockNews.com raised Pinnacle Financial Partners from a "sell" rating to a "hold" rating in a research note on Tuesday, July 19th. UBS Group reduced their price objective on Pinnacle Financial Partners from $94.00 to $85.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 27th. Finally, Truist Financial reduced their price objective on Pinnacle Financial Partners from $100.00 to $92.00 and set a "buy" rating on the stock in a research note on Wednesday, June 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, Pinnacle Financial Partners has a consensus rating of "Moderate Buy" and an average price target of $92.29.

Pinnacle Financial Partners Stock Down 1.0 %

PNFP traded down $0.86 on Wednesday, hitting $86.80. The company had a trading volume of 288,554 shares, compared to its average volume of 450,667. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. Pinnacle Financial Partners has a 52-week low of $67.86 and a 52-week high of $111.31. The stock has a fifty day simple moving average of $75.91 and a 200-day simple moving average of $84.23. The firm has a market capitalization of $6.63 billion, a P/E ratio of 12.45 and a beta of 1.20.

Pinnacle Financial Partners (NASDAQ:PNFP - Get Rating) last released its earnings results on Tuesday, July 19th. The financial services provider reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.18. Pinnacle Financial Partners had a net margin of 36.17% and a return on equity of 10.76%. The firm had revenue of $390.08 million during the quarter, compared to analyst estimates of $367.48 million. During the same period last year, the business earned $1.68 earnings per share. The business's revenue was up 17.7% on a year-over-year basis. As a group, equities analysts expect that Pinnacle Financial Partners will post 7.35 EPS for the current fiscal year.

Pinnacle Financial Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 26th. Stockholders of record on Friday, August 5th will be issued a dividend of $0.22 per share. The ex-dividend date is Thursday, August 4th. This represents a $0.88 annualized dividend and a dividend yield of 1.01%. Pinnacle Financial Partners's payout ratio is 12.63%.

Insider Buying and Selling

In related news, Director Gregory L. Burns sold 1,500 shares of the business's stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $77.50, for a total value of $116,250.00. Following the completion of the transaction, the director now directly owns 24,518 shares in the company, valued at approximately $1,900,145. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.10% of the stock is owned by company insiders.

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PNFP Stock News Headlines

Pinnacle Bank to expand into Bowling Green
Pinnacle broadens local expansion plans
Where Pinnacle Finl Partners Stands With Analysts
What 4 Analyst Ratings Have To Say About Pinnacle Finl Partners
PNFP Pinnacle Financial Partners, Inc.
See More Headlines
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PNFP Company Calendar

Ex-Dividend for 5/27 Dividend
5/05/2022
Dividend Payable
5/27/2022
Last Earnings
7/19/2022
Ex-Dividend for 8/26 Dividend
8/04/2022
Today
8/18/2022
Dividend Payable
8/26/2022
Next Earnings (Estimated)
10/11/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
National commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:PNFP
CUSIP
72346Q10
Employees
2,841
Year Founded
2000

Price Target and Rating

Average Stock Price Forecast
$92.29
High Stock Price Forecast
$130.00
Low Stock Price Forecast
$66.00
Forecasted Upside/Downside
+6.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
7 Analysts

Profitability

Net Income
$527.32 million
Pretax Margin
44.82%

Debt

Sales & Book Value

Annual Sales
$1.43 billion
Cash Flow
$8.25 per share
Book Value
$66.71 per share

Miscellaneous

Free Float
74,812,000
Market Cap
$6.60 billion
Optionable
Optionable
Beta
1.20

Social Links















PNFP Stock - Frequently Asked Questions

Should I buy or sell Pinnacle Financial Partners stock right now?

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, 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" PNFP shares.
View PNFP analyst ratings
or view top-rated stocks.

What is Pinnacle Financial Partners' stock price forecast for 2022?

7 equities research analysts have issued 1 year target prices for Pinnacle Financial Partners' stock. Their PNFP share price forecasts range from $66.00 to $130.00. On average, they anticipate the company's share price to reach $92.29 in the next year. This suggests a possible upside of 6.3% from the stock's current price.
View analysts price targets for PNFP
or view top-rated stocks among Wall Street analysts.

How have PNFP shares performed in 2022?

Pinnacle Financial Partners' stock was trading at $95.50 on January 1st, 2022. Since then, PNFP shares have decreased by 9.1% and is now trading at $86.80.
View the best growth stocks for 2022 here
.

When is Pinnacle Financial Partners' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 11th 2022.
View our PNFP earnings forecast
.

How were Pinnacle Financial Partners' earnings last quarter?

Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) released its quarterly earnings results on Tuesday, July, 19th. The financial services provider reported $1.86 EPS for the quarter, beating the consensus estimate of $1.68 by $0.18. The financial services provider had revenue of $390.08 million for the quarter, compared to analysts' expectations of $367.48 million. Pinnacle Financial Partners had a trailing twelve-month return on equity of 10.76% and a net margin of 36.17%. The firm's revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.68 EPS.

How often does Pinnacle Financial Partners pay dividends? What is the dividend yield for Pinnacle Financial Partners?

Pinnacle Financial Partners announced a quarterly dividend on Thursday, July 21st. Shareholders of record on Friday, August 5th will be given a dividend of $0.22 per share on Friday, August 26th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Thursday, August 4th.
Read our dividend analysis for PNFP
.

Is Pinnacle Financial Partners a good dividend stock?

Pinnacle Financial Partners (NASDAQ:PNFP) pays an annual dividend of $0.88 per share and currently has a dividend yield of 1.00%. 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 12.63%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PNFP will have a dividend payout ratio of 11.15% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PNFP.

What is M. Terry Turner's approval rating as Pinnacle Financial Partners' CEO?

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.

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), NVIDIA (NVDA), Tencent (TCEHY), Boeing (BA), Alibaba Group (BABA), Verizon Communications (VZ), Adobe (ADBE), Advanced Micro Devices (AMD) and General Motors (GM).

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 retail and institutional investors. Top institutional investors include Price T Rowe Associates Inc. MD (5.43%), State Street Corp (3.85%), Macquarie Group Ltd. (1.94%), Mondrian Investment Partners LTD (1.68%), FMR LLC (1.39%) and JPMorgan Chase & Co. (1.38%). Insiders that own company stock include Charles E Brock, David B Ingram, G Kennedy Thompson, 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, Ronald L Samuel and Thomas R Sloan.
View institutional ownership trends
.

How do I buy shares of Pinnacle Financial Partners?

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.
Compare Top Brokerages Here.

What is Pinnacle Financial Partners' stock price today?

One share of PNFP stock can currently be purchased for approximately $86.80.

How much money does Pinnacle Financial Partners make?

Pinnacle Financial Partners (NASDAQ:PNFP) has a market capitalization of $6.63 billion and generates $1.43 billion in revenue each year. The financial services provider earns $527.32 million in net income (profit) each year or $6.97 on an earnings per share basis.

How many employees does Pinnacle Financial Partners have?

The company employs 2,841 workers across the globe.

When was Pinnacle Financial Partners founded?

Pinnacle Financial Partners was founded in 2000.

How can I contact Pinnacle Financial Partners?

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.

This page (NASDAQ:PNFP) was last updated on 8/18/2022 by MarketBeat.com Staff

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