News coverage about Pinnacle Financial Partners (NASDAQ:PNFP) has been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Pinnacle Financial Partners earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 45.7490524686259 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- Taking stock: Pinnacle’s Turner books options profit (nashvillepost.com)
- M Terry Turner Sells 31,171 Shares of Pinnacle Financial Partners, Inc. (PNFP) Stock (americanbankingnews.com)
- SunTrust Banks Comments on Pinnacle Financial Partners, Inc.’s FY2018 Earnings (PNFP) (americanbankingnews.com)
- Quotidian Technical Highlights on Selected Financial Stocks — Webster … (prnewswire.com)
- Quotidian Technical Highlights on Selected Financial Stocks — Webster Financial, Hancock, IBERIABANK, and Pinnacle Financial Partners (bizjournals.com)
Pinnacle Financial Partners (PNFP) traded down $0.90 during trading hours on Friday, hitting $68.55. The company had a trading volume of 721,143 shares, compared to its average volume of 367,602. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.99 and a quick ratio of 0.98. Pinnacle Financial Partners has a 12-month low of $58.40 and a 12-month high of $71.55. The stock has a market capitalization of $5,327.91, a PE ratio of 21.22, a P/E/G ratio of 1.06 and a beta of 1.31.
Pinnacle Financial Partners (NASDAQ:PNFP) last released its earnings results on Tuesday, October 17th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.01. Pinnacle Financial Partners had a return on equity of 7.36% and a net margin of 27.41%. The firm had revenue of $216.20 million during the quarter, compared to analysts’ expectations of $217.13 million. During the same quarter last year, the business posted $0.78 earnings per share. The firm’s revenue was up 102.8% on a year-over-year basis. research analysts predict that Pinnacle Financial Partners will post 3.56 EPS for the current year.
A number of brokerages have commented on PNFP. Piper Jaffray Companies restated a “buy” rating and issued a $74.00 price target on shares of Pinnacle Financial Partners in a research report on Thursday, October 19th. Hilliard Lyons cut Pinnacle Financial Partners from a “buy” rating to a “neutral” rating and set a $74.00 price target for the company. in a research report on Friday, October 20th. BidaskClub cut Pinnacle Financial Partners from a “hold” rating to a “sell” rating in a research report on Thursday, January 4th. Zacks Investment Research cut Pinnacle Financial Partners from a “buy” rating to a “sell” rating in a research report on Wednesday, October 11th. Finally, Wells Fargo & Co started coverage on Pinnacle Financial Partners in a research report on Thursday, December 21st. They set an “outperform” rating and a $80.00 target price for the company. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $75.17.
In related news, Chairman Richard D. Callicutt II sold 30,000 shares of the stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $67.44, for a total transaction of $2,023,200.00. Following the completion of the transaction, the chairman now directly owns 168,241 shares of the company’s stock, valued at $11,346,173.04. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Harold R. Carpenter sold 17,711 shares of the stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $67.45, for a total value of $1,194,606.95. Following the transaction, the chief financial officer now directly owns 107,090 shares of the company’s stock, valued at $7,223,220.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 112,882 shares of company stock valued at $7,573,063. 5.41% of the stock is owned by corporate insiders.
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Pinnacle Financial Partners Company Profile
Pinnacle Financial Partners, Inc is a bank holding company. The Company operates through its subsidiary, Pinnacle Bank. The Company operates as a community bank primarily in the urban markets of Nashville, Knoxville, Memphis and Chattanooga, Tennessee and other counties. It provides the personalized service associated with small community banks, while seeking to offer the products and services, such as investments and treasury management.
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