Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) Receives Consensus Rating of “Moderate Buy” from Analysts

Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) has received a consensus rating of “Moderate Buy” from the nineteen research firms that are covering the stock, MarketBeat.com reports. Eight analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $113.4118.

PNFP has been the subject of several analyst reports. Bank of America started coverage on shares of Pinnacle Financial Partners in a research note on Monday, December 8th. They issued a “buy” rating and a $113.00 target price for the company. Citigroup raised their price target on shares of Pinnacle Financial Partners from $118.00 to $122.00 and gave the company a “buy” rating in a research report on Monday, January 26th. Evercore reaffirmed an “outperform” rating on shares of Pinnacle Financial Partners in a report on Thursday, February 5th. UBS Group set a $106.00 price objective on shares of Pinnacle Financial Partners in a research report on Wednesday, February 4th. Finally, Barclays raised their target price on Pinnacle Financial Partners from $125.00 to $135.00 and gave the company an “overweight” rating in a research report on Friday, December 19th.

Insider Activity at Pinnacle Financial Partners

In other Pinnacle Financial Partners news, CFO Andrew J. Jr. Gregory acquired 1,000 shares of the business’s stock in a transaction dated Thursday, February 12th. The stock was acquired at an average cost of $94.52 per share, for a total transaction of $94,520.00. Following the completion of the transaction, the chief financial officer directly owned 49,485 shares of the company’s stock, valued at $4,677,322.20. This represents a 2.06% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.46% of the stock is owned by company insiders.

Institutional Investors Weigh In On Pinnacle Financial Partners

A number of institutional investors have recently added to or reduced their stakes in PNFP. Brown Brothers Harriman & Co. acquired a new position in Pinnacle Financial Partners during the third quarter worth $26,000. High Point Wealth Management LLC purchased a new position in Pinnacle Financial Partners during the fourth quarter valued at $27,000. BOKF NA grew its position in shares of Pinnacle Financial Partners by 1,204.5% in the third quarter. BOKF NA now owns 287 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 265 shares during the period. Activest Wealth Management acquired a new stake in shares of Pinnacle Financial Partners in the fourth quarter valued at about $28,000. Finally, Covestor Ltd increased its stake in shares of Pinnacle Financial Partners by 193.9% during the third quarter. Covestor Ltd now owns 338 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 223 shares in the last quarter. Institutional investors and hedge funds own 87.40% of the company’s stock.

Pinnacle Financial Partners Stock Down 2.0%

Shares of PNFP stock opened at $88.83 on Tuesday. Pinnacle Financial Partners has a twelve month low of $81.57 and a twelve month high of $120.46. The stock has a market cap of $6.89 billion, a P/E ratio of 11.29, a P/E/G ratio of 0.48 and a beta of 1.02. The stock has a 50 day moving average of $96.60 and a 200 day moving average of $94.39. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.33.

Pinnacle Financial Partners Announces Dividend

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

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.