Pinnacle Financial Partners (PNFP) Projected to Post Quarterly Earnings on Monday

Pinnacle Financial Partners (NASDAQ:PNFP - Get Free Report) is expected to release its earnings data after the market closes on Monday, April 14th. Analysts expect Pinnacle Financial Partners to post earnings of $1.82 per share and revenue of $478.11 million for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link.

Pinnacle Financial Partners (NASDAQ:PNFP - Get Free Report) last announced its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $1.90 EPS for the quarter, beating the consensus estimate of $1.80 by $0.10. The business had revenue of $475.34 million during the quarter, compared to the consensus estimate of $470.33 million. Pinnacle Financial Partners had a net margin of 15.48% and a return on equity of 9.04%. The company's revenue was up 19.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.68 earnings per share. On average, analysts expect Pinnacle Financial Partners to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Pinnacle Financial Partners Price Performance

Shares of PNFP stock traded down $0.29 during trading hours on Friday, reaching $90.04. The company's stock had a trading volume of 821,787 shares, compared to its average volume of 497,697. Pinnacle Financial Partners has a fifty-two week low of $73.62 and a fifty-two week high of $131.91. The firm's 50 day simple moving average is $107.69 and its 200-day simple moving average is $111.93. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $6.97 billion, a price-to-earnings ratio of 15.06 and a beta of 0.94.

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Pinnacle Financial Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 7th were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, February 7th. This is a positive change from Pinnacle Financial Partners's previous quarterly dividend of $0.22. This represents a $0.96 annualized dividend and a yield of 1.07%. Pinnacle Financial Partners's dividend payout ratio (DPR) is 16.05%.

Wall Street Analysts Forecast Growth

PNFP has been the subject of a number of research reports. Citigroup increased their target price on shares of Pinnacle Financial Partners from $123.00 to $132.00 and gave the stock a "buy" rating in a report on Tuesday, December 31st. Stephens restated an "overweight" rating and issued a $142.00 target price on shares of Pinnacle Financial Partners in a research report on Wednesday, January 22nd. UBS Group began coverage on shares of Pinnacle Financial Partners in a research note on Tuesday, December 17th. They set a "neutral" rating and a $133.00 target price on the stock. Hovde Group dropped their price target on Pinnacle Financial Partners from $135.00 to $120.00 and set a "market perform" rating for the company in a research note on Wednesday, April 2nd. Finally, Wells Fargo & Company reduced their price objective on Pinnacle Financial Partners from $125.00 to $105.00 and set an "equal weight" rating on the stock in a research report on Wednesday. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $124.70.

Insider Buying and Selling

In other news, Director David B. Ingram sold 10,309 shares of the company's stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $126.00, for a total value of $1,298,934.00. Following the sale, the director now directly owns 82,256 shares of the company's stock, valued at approximately $10,364,256. This represents a 11.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO M Terry Turner sold 2,000 shares of Pinnacle Financial Partners stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $100.63, for a total transaction of $201,260.00. Following the transaction, the chief executive officer now directly owns 254,552 shares of the company's stock, valued at $25,615,567.76. This represents a 0.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 95,350 shares of company stock valued at $11,421,320 in the last three months. Insiders own 1.46% of the company's stock.

About Pinnacle Financial Partners

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.