Semanteon Capital Management LP Purchases New Shares in Pinnacle Financial Partners, Inc. $PNFP

Semanteon Capital Management LP acquired a new stake in shares of Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 6,069 shares of the financial services provider’s stock, valued at approximately $569,000.

Other hedge funds have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its position in Pinnacle Financial Partners by 97.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 47,073 shares of the financial services provider’s stock worth $4,327,000 after purchasing an additional 23,292 shares in the last quarter. Voya Investment Management LLC grew its stake in Pinnacle Financial Partners by 146.1% in the 3rd quarter. Voya Investment Management LLC now owns 25,183 shares of the financial services provider’s stock valued at $2,362,000 after purchasing an additional 14,951 shares during the period. Jones Financial Companies Lllp increased its position in shares of Pinnacle Financial Partners by 585.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 18,419 shares of the financial services provider’s stock valued at $1,768,000 after purchasing an additional 15,732 shares during the last quarter. Advisors Capital Management LLC grew its position in Pinnacle Financial Partners by 10.5% during the second quarter. Advisors Capital Management LLC now owns 34,233 shares of the financial services provider’s stock valued at $3,780,000 after buying an additional 3,252 shares during the period. Finally, Woodmont Investment Counsel LLC increased its holdings in Pinnacle Financial Partners by 43.1% during the third quarter. Woodmont Investment Counsel LLC now owns 94,388 shares of the financial services provider’s stock worth $8,853,000 after buying an additional 28,445 shares during the last quarter. 87.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on PNFP. DA Davidson started coverage on shares of Pinnacle Financial Partners in a research note on Monday, January 5th. They set a “neutral” rating and a $110.00 price target for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Pinnacle Financial Partners in a research report on Monday, December 29th. Raymond James Financial reiterated a “strong-buy” rating on shares of Pinnacle Financial Partners in a research report on Thursday, January 22nd. Royal Bank Of Canada upgraded Pinnacle Financial Partners to a “moderate buy” rating in a research note on Monday, January 5th. Finally, Truist Financial set a $100.00 target price on Pinnacle Financial Partners in a report on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, Pinnacle Financial Partners currently has an average rating of “Moderate Buy” and a consensus price target of $113.41.

Insider Buying and Selling

In other Pinnacle Financial Partners news, CFO Andrew J. Jr. Gregory purchased 1,000 shares of the stock in a transaction on Thursday, February 12th. The stock was acquired at an average cost of $94.52 per share, with a total value of $94,520.00. Following the completion of the purchase, the chief financial officer directly owned 49,485 shares of the company’s stock, valued at approximately $4,677,322.20. This trade represents a 2.06% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Robert A. Mccabe, Jr. sold 6,775 shares of the business’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $93.00, for a total value of $630,075.00. Following the completion of the sale, the chairman directly owned 202,505 shares of the company’s stock, valued at approximately $18,832,965. This trade represents a 3.24% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.46% of the stock is owned by company insiders.

Pinnacle Financial Partners Stock Up 1.9%

Shares of NASDAQ:PNFP opened at $101.06 on Friday. The firm has a market capitalization of $7.84 billion, a PE ratio of 12.84, a price-to-earnings-growth ratio of 0.48 and a beta of 1.03. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.89 and a current ratio of 0.89. Pinnacle Financial Partners, Inc. has a 52-week low of $81.57 and a 52-week high of $120.46. The firm has a fifty day moving average of $98.22 and a 200 day moving average of $94.31.

Pinnacle Financial Partners Announces Dividend

The company also recently announced a dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 6th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, February 6th. Pinnacle Financial Partners’s dividend payout ratio is currently 24.72%.

About Pinnacle Financial Partners

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.