Natixis Advisors LLC Has $12.76 Million Stock Position in Pinnacle Financial Partners, Inc. (NASDAQ:PNFP)

Natixis Advisors LLC increased its holdings in Pinnacle Financial Partners, Inc. (NASDAQ:PNFP - Free Report) by 4.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 130,286 shares of the financial services provider's stock after purchasing an additional 5,978 shares during the period. Natixis Advisors LLC owned approximately 0.17% of Pinnacle Financial Partners worth $12,764,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Ashton Thomas Securities LLC acquired a new stake in shares of Pinnacle Financial Partners in the third quarter worth $30,000. International Assets Investment Management LLC acquired a new position in Pinnacle Financial Partners in the second quarter worth about $29,000. Versant Capital Management Inc lifted its stake in Pinnacle Financial Partners by 44.5% during the second quarter. Versant Capital Management Inc now owns 432 shares of the financial services provider's stock worth $35,000 after purchasing an additional 133 shares during the period. UMB Bank n.a. boosted its holdings in Pinnacle Financial Partners by 83.4% during the third quarter. UMB Bank n.a. now owns 497 shares of the financial services provider's stock valued at $49,000 after purchasing an additional 226 shares in the last quarter. Finally, Values First Advisors Inc. bought a new stake in shares of Pinnacle Financial Partners in the 3rd quarter valued at approximately $49,000. 87.40% of the stock is owned by institutional investors.

Pinnacle Financial Partners Stock Performance

Shares of Pinnacle Financial Partners stock opened at $121.45 on Thursday. The firm has a market cap of $9.38 billion, a P/E ratio of 23.09 and a beta of 1.04. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a 50 day simple moving average of $104.08 and a 200 day simple moving average of $92.14. Pinnacle Financial Partners, Inc. has a fifty-two week low of $70.03 and a fifty-two week high of $129.38.

Pinnacle Financial Partners (NASDAQ:PNFP - Get Free Report) last issued its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.79 by $0.07. The business had revenue of $810.11 million for the quarter, compared to analyst estimates of $454.18 million. Pinnacle Financial Partners had a return on equity of 8.89% and a net margin of 13.97%. During the same quarter in the prior year, the firm posted $1.79 earnings per share. Sell-side analysts predict that Pinnacle Financial Partners, Inc. will post 6.8 earnings per share for the current fiscal year.

Pinnacle Financial Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 1st will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend is Friday, November 1st. Pinnacle Financial Partners's dividend payout ratio (DPR) is presently 16.73%.

Analysts Set New Price Targets

A number of analysts have weighed in on PNFP shares. Stephens upped their price target on Pinnacle Financial Partners from $108.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, October 17th. Citigroup upped their target price on shares of Pinnacle Financial Partners from $113.00 to $123.00 and gave the stock a "buy" rating in a report on Thursday, October 17th. Wells Fargo & Company lifted their price target on shares of Pinnacle Financial Partners from $100.00 to $104.00 and gave the company an "equal weight" rating in a report on Thursday, October 17th. Hovde Group cut shares of Pinnacle Financial Partners from an "outperform" rating to a "market perform" rating and set a $135.00 price objective on the stock. in a research note on Monday. Finally, Barclays lifted their target price on shares of Pinnacle Financial Partners from $101.00 to $108.00 and gave the company an "equal weight" rating in a research note on Thursday, October 17th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $108.70.

Pinnacle Financial Partners Profile

Pinnacle Financial Partners, Inc, together with its subsidiaries, operates as the bank holding company for Pinnacle Bank that provides various banking products and services to individuals, businesses, and professional entities in the United States. The company accepts various deposits, including savings, noninterest-bearing and interest-bearing checking, money market, and certificate of deposit accounts; and provides treasury management services, which includes online wire origination, enhanced ACH origination services, positive pay, zero balance and sweep accounts, automated bill pay services, electronic receivables processing, lockbox processing, and merchant card acceptance services.