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NASDAQ:PNFP

Pinnacle Financial Partners Stock Forecast, Price & News

$35.01
+0.89 (+2.61 %)
(As of 09/28/2020 05:57 AM ET)
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Today's Range
$33.42
Now: $35.01▼
$35.08
50-Day Range
$33.28
MA: $40.39▼
$44.47
52-Week Range
$27.80
Now: $35.01▼
$65.00
Volume427,100 shs
Average Volume512,185 shs
Market Capitalization$2.66 billion
P/E Ratio8.98
Dividend Yield1.83%
Beta1.34
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.
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Beat the Market (BTM) Rank™

Analyst Opinion: 3.3Community Rank: 2.3Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 3.1 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

2.45 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 Ratio0.56
Current Ratio0.98
Quick Ratio0.97

Price-To-Earnings

Trailing P/E Ratio8.98
Forward P/E Ratio11.08
P/E GrowthN/A

Sales & Book Value

Annual Sales$1.33 billion
Price / Sales1.99
Cash Flow$5.16 per share
Price / Cash Flow6.79
Book Value$56.60 per share
Price / Book0.62

Profitability

EPS (Most Recent Fiscal Year)$5.37
Net Income$400.88 million
Net Margins22.12%
Return on Equity6.94%
Return on Assets1.03%

Miscellaneous

Employees2,487
Outstanding Shares75,844,000
Market Cap$2.66 billion
Next Earnings Date10/20/2020 (Estimated)
OptionableOptionable
$35.01
+0.89 (+2.61 %)
(As of 09/28/2020 05:57 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Pinnacle Financial Partners (NASDAQ:PNFP) Frequently Asked Questions

How has Pinnacle Financial Partners' stock been impacted by COVID-19?

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. Since then, PNFP stock has decreased by 17.7% and is now trading at $35.01.
View which stocks have been most impacted by COVID-19.

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 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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, October 20th 2020.
View our earnings forecast for Pinnacle Financial Partners.

How were Pinnacle Financial Partners' earnings last quarter?

Pinnacle Financial Partners (NASDAQ:PNFP) issued its earnings results on Tuesday, July, 21st. The financial services provider reported $0.83 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.88 by $0.05. The financial services provider had revenue of $273.61 million for the quarter, compared to analysts' expectations of $270.63 million. Pinnacle Financial Partners had a net margin of 22.12% and a return on equity of 6.94%.
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 announced a quarterly dividend on Tuesday, July 21st. Investors of record on Friday, August 7th will be paid 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 1.83%. The ex-dividend date is Thursday, August 6th.
View Pinnacle Financial Partners' dividend history.

What price target have analysts set for PNFP?

5 equities research analysts have issued 1-year target prices for Pinnacle Financial Partners' shares. Their forecasts range from $35.00 to $50.00. On average, they anticipate Pinnacle Financial Partners' share price to reach $44.40 in the next twelve months. This suggests a possible upside of 26.8% from the stock's current price.
View analysts' price targets for Pinnacle Financial Partners.

Are investors shorting Pinnacle Financial Partners?

Pinnacle Financial Partners saw a drop in short interest during the month of September. As of September 15th, there was short interest totaling 1,750,000 shares, a drop of 12.5% from the August 31st total of 2,000,000 shares. Based on an average daily volume of 403,700 shares, the short-interest ratio is currently 4.3 days. Approximately 2.4% of the company's stock are short sold.
View Pinnacle Financial Partners' Short Interest.

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), First Republic Bank (FRC), Fifth Third Bancorp (FITB), SVB Financial Group (SIVB), M&T Bank (MTB), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Zions Bancorporation NA (ZION), Prosperity Bancshares (PB), Signature Bank (SBNY), East West Bancorp (EWBC) and Cullen/Frost Bankers (CFR).
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), NVIDIA (NVDA), TENCENT HOLDING/ADR (TCEHY), Boeing (BA), Alibaba Group (BABA), Verizon Communications (VZ), Adobe (ADBE), Advanced Micro Devices (AMD) and General Motors (GM).

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 many different retail and institutional investors. Top institutional shareholders 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.

Which institutional investors are selling Pinnacle Financial Partners stock?

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.

Which institutional investors are buying Pinnacle Financial Partners stock?

PNFP stock was bought 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.

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 $35.01.

How big of a company is Pinnacle Financial Partners?

Pinnacle Financial Partners has a market capitalization of $2.66 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 9/28/2020 by MarketBeat.com Staff
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