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NASDAQ:PNFPPinnacle Financial Partners Stock Price, Forecast & News

$47.14
+3.18 (+7.23 %)
(As of 06/5/2020 04:00 PM ET)
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Today's Range
$46.32
Now: $47.14
$49.00
50-Day Range
$33.24
MA: $37.77
$43.00
52-Week Range
$27.80
Now: $47.14
$65.00
Volume535,926 shs
Average Volume455,292 shs
Market Capitalization$3.58 billion
P/E Ratio10.76
Dividend Yield1.46%
Beta1.39
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: 1.2Community Rank: 2.3Dividend Strength: 3.3Insider Behavior: 4.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.67 out of 5 stars


Industry, Sector and Symbol

Industry National commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:PNFP
CUSIP72346Q10
Phone615-744-3700

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.33 billion
Cash Flow$6.14 per share
Book Value$56.60 per share

Profitability

Net Income$400.88 million

Miscellaneous

Employees2,487
Market Cap$3.58 billion
Next Earnings Date7/21/2020 (Estimated)
OptionableOptionable

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Pinnacle Financial Partners (NASDAQ:PNFP) Frequently Asked Questions

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

Pinnacle Financial Partners' stock was trading at $42.55 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, PNFP stock has increased by 10.8% and is now trading at $47.14. View which stocks have been most impacted by Coronavirus.

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 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." 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, July 21st 2020. View our earnings forecast for Pinnacle Financial Partners.

How were Pinnacle Financial Partners' earnings last quarter?

Pinnacle Financial Partners (NASDAQ:PNFP) issued its quarterly earnings results on Monday, April, 20th. The financial services provider reported $0.39 earnings per share for the quarter, missing analysts' consensus estimates of $1.05 by $0.66. The financial services provider earned $263.93 million during the quarter, compared to analyst estimates of $260.15 million. Pinnacle Financial Partners had a return on equity of 8.04% and a net margin of 24.72%. The business's quarterly revenue was up 10.8% on a year-over-year basis. During the same period last year, the company posted $1.24 EPS. 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, April 21st. Shareholders 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 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date is Thursday, April 30th. View Pinnacle Financial Partners' dividend history.

What price target have analysts set for PNFP?

5 brokerages have issued twelve-month price objectives for Pinnacle Financial Partners' shares. Their forecasts range from $35.00 to $63.00. On average, they anticipate Pinnacle Financial Partners' share price to reach $44.00 in the next year. This suggests that the stock has a possible downside of 6.7%. View analysts' price targets for Pinnacle Financial Partners.

Has Pinnacle Financial Partners been receiving favorable news coverage?

Media coverage about PNFP stock has trended negative recently, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Pinnacle Financial Partners earned a daily sentiment score of -2.7 on InfoTrie's scale. They also gave media coverage about the financial services provider a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the immediate future. View the latest news aboutPinnacle Financial Partners.

Are investors shorting Pinnacle Financial Partners?

Pinnacle Financial Partners saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 2,540,000 shares, an increase of 17.1% from the April 30th total of 2,170,000 shares. Based on an average daily volume of 669,000 shares, the days-to-cover ratio is currently 3.8 days. Currently, 3.5% of the company's shares are sold short. View Pinnacle Financial Partners' Current Options Chain.

Who are some of Pinnacle Financial Partners' key 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), TENCENT HOLDING/ADR (TCEHY), Alibaba Group (BABA), Adobe (ADBE), Verizon Communications (VZ), Advanced Micro Devices (AMD), Autodesk (ADSK), Netflix (NFLX) and NVIDIA (NVDA).

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 a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.53%), State Street Corp (2.99%), Wasatch Advisors Inc. (2.58%), Ceredex Value Advisors LLC (2.54%), Victory Capital Management Inc. (2.23%) and Victory Capital Management Inc. (2.23%). 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 major investors are selling Pinnacle Financial Partners stock?

PNFP stock was sold by a variety of institutional investors in the last quarter, including Wells Fargo & Company MN, Jennison Associates LLC, Columbus Circle Investors, BlackRock Inc., Janus Henderson Group PLC, Pinnacle Financial Partners Inc., Oppenheimer Asset Management Inc., and Mesirow Financial Investment Management Equity Management. Company insiders that have sold Pinnacle Financial Partners company stock in the last year include Charles E Brock, Gary L Scott, Harold R Carpenter, Hugh M Queener, M Terry Turner, Richard D Callicutt II, Ronald L Samuel, and Thomas R Sloan. View insider buying and selling activity for Pinnacle Financial Partners.

Which major investors are buying Pinnacle Financial Partners stock?

PNFP stock was bought by a variety of institutional investors in the last quarter, including Frontier Capital Management Co. LLC, Wedge Capital Management L L P NC, Copper Rock Capital Partners LLC, Ceredex Value Advisors LLC, Baird Financial Group Inc., Stieven Capital Advisors L.P., Atlanta Capital Management Co. L L C, and FDx Advisors 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 $47.14.

How big of a company is Pinnacle Financial Partners?

Pinnacle Financial Partners has a market capitalization of $3.58 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 6/6/2020 by MarketBeat.com Staff

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