Universal Beteiligungs und Servicegesellschaft mbH Reduces Stock Holdings in Pinnacle Financial Partners, Inc. $PNFP

Universal Beteiligungs und Servicegesellschaft mbH reduced its stake in shares of Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) by 37.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,262 shares of the financial services provider’s stock after selling 13,648 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Pinnacle Financial Partners were worth $2,182,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Vest Financial LLC purchased a new stake in shares of Pinnacle Financial Partners in the 3rd quarter worth about $1,378,000. Jackson Thornton Wealth Management LLC bought a new position in Pinnacle Financial Partners in the third quarter worth about $394,000. Lee Danner & Bass Inc. lifted its holdings in Pinnacle Financial Partners by 2.2% in the third quarter. Lee Danner & Bass Inc. now owns 199,947 shares of the financial services provider’s stock worth $18,753,000 after buying an additional 4,349 shares during the period. NorthCrest Asset Manangement LLC bought a new stake in Pinnacle Financial Partners during the 3rd quarter valued at approximately $719,000. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of Pinnacle Financial Partners by 97.9% during 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 acquiring an additional 23,292 shares during the period. 87.40% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Pinnacle Financial Partners

In related news, Chairman Robert A. Mccabe, Jr. sold 6,775 shares of the business’s stock in a transaction that occurred on 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 transaction, the chairman directly owned 202,505 shares in the company, valued at $18,832,965. The trade was a 3.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.46% of the stock is owned by company insiders.

Pinnacle Financial Partners Price Performance

Shares of NASDAQ:PNFP opened at $95.07 on Friday. The business has a fifty day moving average price of $96.93 and a 200-day moving average price of $94.79. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.89 and a quick ratio of 0.89. The company has a market capitalization of $7.38 billion, a PE ratio of 12.08, a PEG ratio of 0.48 and a beta of 1.02. Pinnacle Financial Partners, Inc. has a 1-year low of $81.57 and a 1-year high of $127.85.

Pinnacle Financial Partners Dividend Announcement

The company also recently declared a dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 6th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, February 6th. Pinnacle Financial Partners’s dividend payout ratio (DPR) is 11.87%.

Analyst Ratings Changes

PNFP has been the subject of a number of research analyst reports. Royal Bank Of Canada upgraded Pinnacle Financial Partners to a “moderate buy” rating in a research note on Monday, January 5th. Raymond James Financial reiterated a “strong-buy” rating on shares of Pinnacle Financial Partners in a report on Thursday, January 22nd. Stephens lowered their price objective on Pinnacle Financial Partners from $104.00 to $97.00 and set an “equal weight” rating for the company in a research report on Friday, October 17th. DA Davidson initiated coverage on shares of Pinnacle Financial Partners in a research report on Monday, January 5th. They issued a “neutral” rating and a $110.00 target price on the stock. Finally, Evercore Partners began coverage on shares of Pinnacle Financial Partners in a research report on Tuesday, January 6th. They set an “outperform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, Pinnacle Financial Partners presently has an average rating of “Moderate Buy” and an average price target of $113.41.

Pinnacle Financial Partners 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.