Andrew Jr. Gregory Buys 1,000 Shares of Pinnacle Financial Partners (NASDAQ:PNFP) Stock

Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) CFO Andrew Jr. Gregory purchased 1,000 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The shares were purchased at an average cost of $94.52 per share, for a total transaction of $94,520.00. Following the purchase, the chief financial officer directly owned 49,485 shares in the company, valued at $4,677,322.20. This trade represents a 2.06% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Pinnacle Financial Partners Stock Up 1.1%

NASDAQ:PNFP traded up $1.07 on Friday, reaching $96.19. The stock had a trading volume of 1,347,231 shares, compared to its average volume of 1,857,441. The company has a 50-day moving average of $98.28 and a 200 day moving average of $93.91. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.33. The stock has a market cap of $7.46 billion, a P/E ratio of 12.22, a price-to-earnings-growth ratio of 0.48 and a beta of 1.03. Pinnacle Financial Partners, Inc. has a 12-month low of $81.57 and a 12-month high of $122.01.

Pinnacle Financial Partners Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 6th will be paid a dividend of $0.50 per share. The ex-dividend date is Friday, February 6th. Pinnacle Financial Partners’s dividend payout ratio (DPR) is 24.72%.

Institutional Investors Weigh In On Pinnacle Financial Partners

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. increased its stake in Pinnacle Financial Partners by 1.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 7,377 shares of the financial services provider’s stock worth $704,000 after acquiring an additional 116 shares during the period. EJF Capital LLC increased its holdings in Pinnacle Financial Partners by 2.5% in the 2nd quarter. EJF Capital LLC now owns 5,138 shares of the financial services provider’s stock valued at $567,000 after buying an additional 127 shares during the period. Profund Advisors LLC boosted its position in shares of Pinnacle Financial Partners by 4.6% during the 3rd quarter. Profund Advisors LLC now owns 2,895 shares of the financial services provider’s stock worth $272,000 after acquiring an additional 127 shares in the last quarter. Portside Wealth Group LLC increased its stake in Pinnacle Financial Partners by 7.0% in the second quarter. Portside Wealth Group LLC now owns 1,960 shares of the financial services provider’s stock valued at $216,000 after acquiring an additional 128 shares during the last quarter. Finally, Amalgamated Bank raised its position in Pinnacle Financial Partners by 0.4% during the second quarter. Amalgamated Bank now owns 35,195 shares of the financial services provider’s stock valued at $3,886,000 after purchasing an additional 133 shares in the last quarter. 87.40% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PNFP has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised their price target on shares of Pinnacle Financial Partners from $110.00 to $125.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 16th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Pinnacle Financial Partners in a research report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft set a $116.00 target price on Pinnacle Financial Partners and gave the stock a “buy” rating in a report on Wednesday, January 21st. Stephens dropped their price target on Pinnacle Financial Partners from $104.00 to $97.00 and set an “equal weight” rating on the stock in a research report on Friday, October 17th. Finally, Barclays increased their target price on shares of Pinnacle Financial Partners from $125.00 to $135.00 and gave the stock an “overweight” rating in a report on Friday, December 19th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $113.41.

Pinnacle Financial Partners Company Profile

Pinnacle Financial Partners, Inc (NASDAQ: PNFP) is a financial services company headquartered in Nashville, Tennessee, that provides banking, wealth management and insurance solutions to business and consumer clients. The company operates through two primary segments—Banking and Wealth Management & Advisory—offering a comprehensive suite of products that includes commercial and consumer lending, deposit services, treasury management, trust and investment advisory, and insurance brokerage. Pinnacle’s client-focused model emphasizes relationship-based banking, leveraging local decision-making authority and specialized industry expertise to serve diverse sectors such as healthcare, technology, real estate and professional services.

In its banking segment, Pinnacle delivers commercial and consumer loans, lines of credit, equipment financing, and mortgage lending.