2 weeks Ago By Defense World Staff
Shares of Pinnacle Financial Partners, Inc. ( NASDAQ:PNFP – Get Free Report ) have earned an average recommendation of “Moderate Buy” from the ten analysts that are covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company.
The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $106.60. PNFP has been the subject of a number of analyst reports.
Barclays boosted 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.
Wells Fargo & Company upped 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.
Citigroup lifted their target price on Pinnacle Financial Partners from $113.00 to $123.00 and gave the stock a “buy” rating in a report on Thursday, October 17th.
Truist Financial lifted their price objective on shares of Pinnacle Financial Partners from $113.00 to $119.00 and gave the stock a “buy” rating in a research report on Monday, October 21st.
Finally, Piper Sandler downgraded Pinnacle Financial Partners from an “overweight” rating to a “neutral” rating and upped their target price for the company from $95.00 to $98.00 in a report on Thursday, July 18th.
Check Out Our Latest Stock Analysis on Pinnacle Financial Partners Pinnacle Financial Partners Stock Down 0.5 % Pinnacle Financial Partners ( NASDAQ:PNFP – Get Free Report ) last posted its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $1.
86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.79 by $0.07.
The company had revenue of $810.11 million during the quarter, compared to analysts’ expectations of $454.18 million.
Pinnacle Financial Partners had a net margin of 13.97% and a return on equity of 8.89%.
During the same period in the prior year, the company posted $1.79 EPS. Sell-side analysts expect that Pinnacle Financial Partners will post 6.
8 earnings per share for the current year. Pinnacle Financial Partners Announces Dividend The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 1st will be issued a dividend of $0.
22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.
70%. The ex-dividend date is Friday, November 1st. Pinnacle Financial Partners’s dividend payout ratio (DPR) is currently 16.
73%. Institutional Trading of Pinnacle Financial Partners Large investors have recently bought and sold shares of the business. BNP Paribas Financial Markets raised its stake in Pinnacle Financial Partners by 28.
9% during the first quarter. BNP Paribas Financial Markets now owns 7,229 shares of the financial services provider’s stock worth $621,000 after buying an additional 1,622 shares during the last quarter. Sei Investments Co.
grew its holdings in Pinnacle Financial Partners by 34.6% during the first quarter. Sei Investments Co.
now owns 231,604 shares of the financial services provider’s stock worth $19,890,000 after buying an additional 59,583 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of Pinnacle Financial Partners in the 1st quarter worth $133,000. Patten & Patten Inc.
TN increased its stake in Pinnacle Financial Partners by 14.2% in the 1st quarter. Patten & Patten Inc.
TN now owns 32,018 shares of the financial services provider’s stock valued at $2,750,000 after buying an additional 3,988 shares during the last quarter. Finally, Bessemer Group Inc. increased its position in shares of Pinnacle Financial Partners by 7.
0% during the first quarter. Bessemer Group Inc. now owns 134,986 shares of the financial services provider’s stock valued at $11,594,000 after acquiring an additional 8,888 shares during the last quarter.
87.40% of the stock is owned by institutional investors and hedge funds. About Pinnacle Financial Partners ( Get Free Report 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. See Also Five stocks we like better than Pinnacle Financial Partners What Investors Must Know About Over-the-Counter (OTC) Stocks Home Depot Stock: Targeting 12% in 2024 and 25% More in 2025 The Significance of Brokerage Rankings in Stock Selection Is Tesla’s Valuation a Bubble or Backed by Real Growth? What Does Downgrade Mean in Investing? Trucking Stocks Led the Pack Last Week: Can They Keep Rolling? Receive News & Ratings for Pinnacle Financial Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pinnacle Financial Partners and related companies with MarketBeat.com's FREE daily email newsletter .
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