NASDAQ:PNFP

Pinnacle Financial Partners - PNFP Stock Forecast, Price & News

$85.41

-1.38 (-1.59%)

(As of 10/6/2022 12:00 AM ET)

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Today's Range: $84.98
▼
$86.59
50-Day Range: $77.16
▼
$87.81
52-Week Range: $67.86
▼
$111.31

Volume: 649,180 shs
Average Volume: 443,810 shs
Market Capitalization: $6.53 billion

P/E Ratio: 12.25
Dividend Yield: 1.01%
Price Target: $88.71

Pinnacle Financial Partners MarketRank™ Forecast

Analyst Rating: Hold
2.43 Rating Score
Upside/Downside: 3.9% Upside
$88.71 Price Target
Short Interest: Healthy
1.88% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -0.39
Upright™ Environmental Score
News Sentiment: 0.13
Based on 11 Articles This Week
Insider Trading: Selling Shares
$116,250 Sold Last Quarter
Proj. Earnings Growth: 9.08%
From $7.27 to $7.93 Per Share

Overall MarketRank^™

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

2.14 out of 5 stars

Finance Sector

611th out of 882 stocks

National Commercial Banks Industry

61st out of 87 stocks

1.2

Analyst's Opinion

Consensus Rating
Pinnacle Financial Partners has received a consensus rating of Hold. The company's average rating score is 2.43, and is based on 4 buy ratings, 2 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $88.71, Pinnacle Financial Partners has a forecasted upside of 3.9% from its current price of $85.41.
Amount of Analyst Coverage
Pinnacle Financial Partners has only been the subject of 4 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.88% of the float of Pinnacle Financial Partners has been sold short.
Short Interest Ratio / Days to Cover
Pinnacle Financial Partners has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Pinnacle Financial Partners has recently increased by 17.65%, indicating that investor sentiment is decreasing significantly.

2.5

Dividend Strength

Dividend Yield
Pinnacle Financial Partners pays a meaningful dividend of 1.01%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Pinnacle Financial Partners has only been increasing its dividend for 2 years.
Dividend Coverage
The dividend payout ratio of Pinnacle Financial Partners is 12.63%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Pinnacle Financial Partners will have a dividend payout ratio of 11.10% next year. This indicates that Pinnacle Financial Partners will be able to sustain or increase its dividend.

3.1

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Pinnacle Financial Partners has received a 29.22% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Consumer savings accounts provided by brick and mortar banks", "Commercial deposit accounts", "Consumer transaction accounts provided by brick and mortar banks", "Corporate credit granting", "Mortgages provided by brick and mortar banks", and "Home insurance services for individuals" products. See details.
Environmental Sustainability
The Environmental Impact score for Pinnacle Financial Partners is -0.39.

1.7

News and Social Media Coverage

News Sentiment
Pinnacle Financial Partners has a news sentiment score of 0.13. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.44 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 11 news articles for Pinnacle Financial Partners this week, compared to 2 articles on an average week.
MarketBeat Follows
Only 1 people have added Pinnacle Financial Partners to their MarketBeat watchlist in the last 30 days. This is a decrease of -80% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Pinnacle Financial Partners insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $116,250.00 in company stock.
Percentage Held by Insiders
Only 2.10% of the stock of Pinnacle Financial Partners is held by insiders.
Percentage Held by Institutions
80.63% of the stock of Pinnacle Financial Partners is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Pinnacle Financial Partners are expected to grow by 9.08% in the coming year, from $7.27 to $7.93 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Pinnacle Financial Partners is 12.25, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.61.
Price to Earnings Ratio vs. Sector
The P/E ratio of Pinnacle Financial Partners is 12.25, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 158.26.
Price to Book Value per Share Ratio
Pinnacle Financial Partners has a P/B Ratio of 1.28. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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.

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PNFP Stock News Headlines

October 7, 2022 | americanbankingnews.com

Raymond James Lowers Pinnacle Financial Partners (NASDAQ:PNFP) to Market Perform

October 6, 2022 | markets.businessinsider.com

Analyst Ratings for Pinnacle Finl Partners

October 7, 2022 | Investing Trends (Ad)

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October 6, 2022 | markets.businessinsider.com

Expert Ratings for Pinnacle Finl Partners

October 5, 2022 | americanbankingnews.com

Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) Receives $92.29 Average Target Price from Analysts

October 4, 2022 | finance.yahoo.com

Pinnacle Financial (PNFP) Earnings Expected to Grow: What to Know Ahead of Q3 Release

October 3, 2022 | finance.yahoo.com

Women working at these big companies plan to stay for a long time

September 30, 2022 | benzinga.com

BHG was Named One of the Nation's Best Workplaces for Women by 'Fortune' Magazine and Great Place to Work®

October 7, 2022 | Investing Trends (Ad)

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September 30, 2022 | benzinga.com

Pinnacle Is One of the Nation's Best Workplaces for Women

September 28, 2022 | finance.yahoo.com

Pinnacle Is One of the Nation’s Best Workplaces for Women

September 26, 2022 | nasdaq.com

Interesting PNFP Put And Call Options For May 2023

September 26, 2022 | finance.yahoo.com

Pinnacle Is the No. 1 and Fastest Growing Bank in Nashville by Deposit Share With $16.7 Billion in Local Deposits, No. 3 in Tennessee With $23.4 Billion

September 14, 2022 | nasdaq.com

Selling US$12m worth of Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) stock at high prices would have gotten insiders a handsome reward

September 14, 2022 | seekingalpha.com

Pinnacle Financial: Outstanding Loan Growth Appears Priced-In

September 8, 2022 | finance.yahoo.com

Pinnacle Financial plans first foray into Greater Cincinnati

September 7, 2022 | finance.yahoo.com

Pinnacle is a Top 10 Best Workplace in the Country for Financial Services and Insurance

August 29, 2022 | finance.yahoo.com

Pinnacle Financial Partners expands to Louisville

August 27, 2022 | ca.finance.yahoo.com

Pinnacle Financial Partners, Inc. (PNFP)

August 12, 2022 | finance.yahoo.com

Why this Tennessee bank is bulking up in Greater Washington

August 9, 2022 | finance.yahoo.com

Pinnacle Bank to expand into Bowling Green

July 21, 2022 | finance.yahoo.com

Pinnacle broadens local expansion plans

July 20, 2022 | seekingalpha.com

Pinnacle Financial Partners, Inc. (PNFP) CEO Terry Turner on Q2 2022 Results - Earnings Call Transcript

July 20, 2022 | finance.yahoo.com

Five reasons why Terry Turner thinks Pinnacle Financial Partners' stock is undervalued

July 19, 2022 | finance.yahoo.com

With 3 million square feet of office space under construction, vacancy ticks up

July 19, 2022 | finance.yahoo.com

PNFP Reports Diluted EPS of $1.86, ROAA of 1.46% and ROATCE of 17.62% For 2Q2022

July 13, 2022 | finance.yahoo.com

Earnings Preview: F.N.B. (FNB) Q2 Earnings Expected to Decline

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PNFP Company Calendar

Last Earnings: 7/19/2022
Ex-Dividend for 8/26 Dividend: 8/04/2022
Dividend Payable: 8/26/2022
Today: 10/07/2022
Next Earnings (Estimated): 10/11/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: National commercial banks
Sub-Industry: Regional Banks
Sector: Finance
Current Symbol: NASDAQ:PNFP
CUSIP: 72346Q10
CIK: 1115055
Web: www.pnfp.com
Phone: (615) 744-3700
Fax: 615-744-3861
Employees: 2,841
Year Founded: 2000

Price Target and Rating

Average Stock Price Forecast: $88.71
High Stock Price Forecast: $105.00
Low Stock Price Forecast: $66.00
Forecasted Upside/Downside: +3.9%
Consensus Rating: Hold
Rating Score (0-4): 2.43
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): $6.97
Trailing P/E Ratio: 12.25
Forward P/E Ratio: 11.75
P/E Growth: N/A
Net Income: $527.32 million
Net Margins: 36.17%
Pretax Margin: 44.82%
Return on Equity: 10.76%
Return on Assets: 1.41%

Debt

Debt-to-Equity Ratio: 0.34
Current Ratio: 0.85
Quick Ratio: 0.85

Sales & Book Value

Annual Sales: $1.43 billion
Price / Sales: 4.57
Cash Flow: $8.25 per share
Price / Cash Flow: 10.35
Book Value: $66.90 per share
Price / Book: 1.28

Miscellaneous

Outstanding Shares: 76,420,000
Free Float: 74,812,000
Market Cap: $6.53 billion
Optionable: Optionable
Beta: 1.10

Social Links

Key Executives

Mr. Robert A. McCabe Jr. (Age 71)
Co-Founder & Chairman
Comp: $2.95M

Mr. Michael Terry Turner (Age 67)
Pres, CEO & Director
Comp: $3.12M

Mr. Harold R. Carpenter Jr. (Age 62)
Exec. VP, CFO & Principal Accounting Officer
Comp: $1.3M

Mr. Hugh M. Queener (Age 66)
Exec. VP, Chief Admin. Officer & Corp. Sec.
Comp: $1.35M

Mr. Richard D. Callicutt II (Age 63)
Chairman for the Carolinas & Virginia and Director
Comp: $1.65M

Mr. Mac Johnston
Chief Investment Officer

Mr. Randall L. Withrow
Chief Information Officer & Sr. VP

Ms. Mary W. Schneider
Chief Compliance Officer

Ms. Catherine C. Stallings
Chief Legal Counsel

Ms. Nikki Minges
Director of Communications

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

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, 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.
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 twelve-month target prices for Pinnacle Financial Partners' stock. Their PNFP share price forecasts range from $66.00 to $105.00. On average, they predict the company's stock price to reach $88.71 in the next twelve months. This suggests a possible upside of 3.9% 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 at the beginning of 2022. Since then, PNFP stock has decreased by 10.6% and is now trading at $85.41.
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) issued its quarterly earnings results on Tuesday, July, 19th. The financial services provider reported $1.86 earnings per share for the quarter, topping analysts' consensus estimates of $1.68 by $0.18. The financial services provider had revenue of $390.08 million for the quarter, compared to analyst estimates 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 company's quarterly revenue was up 17.7% on a year-over-year basis. During the same quarter last year, the company posted $1.68 earnings per share.
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. Stockholders 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 annualized dividend and a dividend yield of 1.03%. 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 1.01%. 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 11.10% 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."
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 $85.41.
How much money does Pinnacle Financial Partners make?: Pinnacle Financial Partners (NASDAQ:PNFP) has a market capitalization of $6.53 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.
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 10/7/2022 by MarketBeat.com Staff

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Pinnacle Financial Partners - PNFP Stock Forecast, Price & News

Pinnacle Financial Partners MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability