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NASDAQ:PNFP

Pinnacle Financial Partners (PNFP) Stock Price, News & Analysis

Pinnacle Financial Partners logo
$122.16 +0.71 (+0.58%)
(As of 10:33 AM ET)

About Pinnacle Financial Partners Stock (NASDAQ:PNFP)

Key Stats

Today's Range
$121.62
$123.08
50-Day Range
$92.15
$126.78
52-Week Range
$70.21
$129.38
Volume
39,766 shs
Average Volume
470,800 shs
Market Capitalization
$9.44 billion
P/E Ratio
23.22
Dividend Yield
0.72%
Price Target
$108.70
Consensus Rating
Hold

Company Overview

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. It offers equipment and working capital loans; commercial real estate loans comprising investment properties and business loans; secured and unsecured loans, such as installment and term, lines of credit, and residential first mortgage, as well as home equity loans and home equity lines of credit; and credit cards for consumers and businesses. The company also provides investment products; brokerage and investment advisory programs; and fiduciary and investment services, such as personal trust, investment management, estate administration, endowments, foundations, individual retirement accounts, escrow services, and custody. In addition, it offers 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 provides telephone and online banking, mobile banking, debit and credit cards, direct deposit and remote deposit capture, mobile deposit option, automated teller machine, and cash management services. Pinnacle Financial Partners, Inc. was incorporated in 2000 and is headquartered in Nashville, Tennessee.

Pinnacle Financial Partners Stock Analysis - MarketRank™

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90th Percentile Overall Score

PNFP MarketRank™: 

Pinnacle Financial Partners scored higher than 90% of companies evaluated by MarketBeat, and ranked 122nd out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Pinnacle Financial Partners has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 4 buy ratings, 6 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Pinnacle Financial Partners has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Pinnacle Financial Partners' stock forecast and price target.
  • Earnings Growth

    Earnings for Pinnacle Financial Partners are expected to grow by 10.15% in the coming year, from $6.80 to $7.49 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Pinnacle Financial Partners is 23.09, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 124.79.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Pinnacle Financial Partners is 23.09, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 45.86.

  • Price to Book Value per Share Ratio

    Pinnacle Financial Partners has a P/B Ratio of 1.53. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Pinnacle Financial Partners' valuation and earnings.
  • Percentage of Shares Shorted

    2.62% 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 3.9, 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 decreased by 20.72%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Pinnacle Financial Partners has a dividend yield of 0.72%, which is in the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Pinnacle Financial Partners does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Pinnacle Financial Partners is 16.73%. 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 11.75% next year. This indicates that Pinnacle Financial Partners will be able to sustain or increase its dividend.

  • Read more about Pinnacle Financial Partners' dividend.
  • Percentage of Shares Shorted

    2.62% 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 3.9, 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 decreased by 20.72%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Pinnacle Financial Partners has a news sentiment score of 0.85. 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 news sentiment score is similar to the average news sentiment of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 11 news articles for Pinnacle Financial Partners this week, compared to 5 articles on an average week.
  • Search Interest

    4 people have searched for PNFP on MarketBeat in the last 30 days.
  • MarketBeat Follows

    Only 1 people have added Pinnacle Financial Partners to their MarketBeat watchlist in the last 30 days. This is a decrease of -75% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Pinnacle Financial Partners insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 1.87% of the stock of Pinnacle Financial Partners is held by insiders.

  • Percentage Held by Institutions

    87.40% 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.

  • Read more about Pinnacle Financial Partners' insider trading history.
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PNFP Stock News Headlines

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PNFP Stock Analysis - Frequently Asked Questions

Pinnacle Financial Partners' stock was trading at $87.22 on January 1st, 2024. Since then, PNFP stock has increased by 39.2% and is now trading at $121.45.
View the best growth stocks for 2024 here
.

Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) posted its quarterly earnings data on Tuesday, October, 15th. The financial services provider reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.79 by $0.07. The financial services provider had revenue of $810.11 million for the quarter, compared to analysts' expectations of $454.18 million. Pinnacle Financial Partners had a trailing twelve-month return on equity of 8.89% and a net margin of 13.97%.

Pinnacle Financial Partners' top institutional shareholders include State Street Corp (3.91%), Wasatch Advisors LP (3.82%), FMR LLC (3.52%) and Geode Capital Management LLC (1.72%). Insiders that own company stock include M Terry Turner, Robert A Mccabe Jr, Richard D Callicutt II, Harold R Carpenter, J Harvey White, Charles E Brock, Joseph C Galante, Gregory L Burns and Hugh M Queener.
View institutional ownership trends
.

Shares of PNFP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Pinnacle Financial Partners investors own include American Water Works (AWK), Waste Connections (WCN), DiamondRock Hospitality (DRH), The RMR Group (RMR), Humana (HUM), AUO (AUOTY) and iShares Micro-Cap ETF (IWC).

Company Calendar

Ex-Dividend for 8/30 Dividend
8/02/2024
Dividend Payable
8/30/2024
Last Earnings
10/15/2024
Ex-Dividend for 11/29 Dividend
11/01/2024
Today
11/21/2024
Dividend Payable
11/29/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
1/21/2025

Industry, Sector and Symbol

Sector
Finance
Industry
National commercial banks
Sub-Industry
Regional Banks
Current Symbol
NASDAQ:PNFP
CUSIP
72346Q10
Employees
3,357
Year Founded
2000

Price Target and Rating

Average Stock Price Target
$108.70
High Stock Price Target
$135.00
Low Stock Price Target
$85.00
Potential Upside/Downside
-10.5%
Consensus Rating
Hold
Rating Score (0-4)
2.40
Research Coverage
10 Analysts

Profitability

Net Income
$562.15 million
Pretax Margin
17.56%

Debt

Sales & Book Value

Annual Sales
$2.79 billion
Cash Flow
$8.78 per share
Book Value
$75.80 per share

Miscellaneous

Free Float
75,801,000
Market Cap
$9.38 billion
Optionable
Optionable
Beta
1.04

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This page (NASDAQ:PNFP) was last updated on 11/21/2024 by MarketBeat.com Staff
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