2 weeks Ago By ABMN Staff
Pinnacle Financial Partners, Inc. ( NASDAQ:PNFP – Get Free Report ) has been given a consensus rating of “Moderate Buy” by the ten research firms that are covering the firm, MarketBeat.com reports.
Five analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $106.60.
PNFP has been the topic of several recent research reports. Truist Financial upped their price target on Pinnacle Financial Partners from $113.00 to $119.
00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Citigroup upped their price objective on Pinnacle Financial Partners from $113.00 to $123.
00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Hovde Group lifted their price target on shares of Pinnacle Financial Partners from $110.00 to $114.
00 and gave the stock an “outperform” rating in a research note on Friday, September 27th. Barclays upped their price objective on Pinnacle Financial Partners from $101.00 to $108.
00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. Finally, Piper Sandler lowered Pinnacle Financial Partners from an “overweight” rating to a “neutral” rating and upped their price objective for the stock from $95.00 to $98.
00 in a research note on Thursday, July 18th. Get Our Latest Analysis on PNFP Institutional Inflows and Outflows Pinnacle Financial Partners Price Performance Shares of NASDAQ:PNFP opened at $126.18 on Wednesday.
The stock has a market cap of $9.75 billion, a P/E ratio of 23.99 and a beta of 1.
04. Pinnacle Financial Partners has a 12 month low of $63.77 and a 12 month high of $128.
93. The company has a 50 day moving average of $100.58 and a 200 day moving average of $90.
26. The company has a current ratio of 0.90, a quick ratio of 0.
90 and a debt-to-equity ratio of 0.42. Pinnacle Financial Partners ( NASDAQ:PNFP – Get Free Report ) last issued its earnings results on Tuesday, October 15th.
The financial services provider reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.79 by $0.
07. Pinnacle Financial Partners had a return on equity of 8.89% and a net margin of 13.
97%. The business had revenue of $810.11 million during the quarter, compared to analyst estimates of $454.
18 million. During the same quarter in the prior year, the firm earned $1.79 earnings per share.
As a group, sell-side analysts forecast that Pinnacle Financial Partners will post 6.8 EPS for the current fiscal year. Pinnacle Financial Partners Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th.
Investors of record on Friday, November 1st will be paid a $0.22 dividend. This represents a $0.
88 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Friday, November 1st.
Pinnacle Financial Partners’s dividend payout ratio is presently 16.73%. 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 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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