Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) Given Average Recommendation of “Moderate Buy” by Analysts

Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) has earned a consensus recommendation of “Moderate Buy” from the twenty research firms that are covering the firm, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $113.4118.

A number of brokerages have recently issued reports on PNFP. 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. 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 report on Tuesday, December 16th. Piper Sandler upped their price objective on shares of Pinnacle Financial Partners from $120.00 to $122.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th. DA Davidson began coverage on shares of Pinnacle Financial Partners in a research report on Monday, January 5th. They set a “neutral” rating and a $110.00 price objective for the company. Finally, Wells Fargo & Company dropped their target price on shares of Pinnacle Financial Partners from $110.00 to $100.00 and set an “equal weight” rating on the stock in a report on Friday, October 17th.

Insiders Place Their Bets

In other Pinnacle Financial Partners 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 stock was sold at an average price of $93.00, for a total value of $630,075.00. Following the transaction, the chairman directly owned 202,505 shares of the company’s stock, valued at approximately $18,832,965. The trade was a 3.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.46% of the company’s stock.

Institutional Trading of Pinnacle Financial Partners

Hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. boosted its stake in Pinnacle Financial Partners by 6.2% during the first quarter. Goldman Sachs Group Inc. now owns 651,268 shares of the financial services provider’s stock worth $69,060,000 after acquiring an additional 37,989 shares in the last quarter. Focus Partners Wealth raised its holdings in shares of Pinnacle Financial Partners by 13.9% during the first quarter. Focus Partners Wealth now owns 4,755 shares of the financial services provider’s stock valued at $504,000 after purchasing an additional 581 shares during the period. Ameritas Advisory Services LLC bought a new position in shares of Pinnacle Financial Partners during the 2nd quarter worth about $45,000. KLP Kapitalforvaltning AS grew its stake in shares of Pinnacle Financial Partners by 2.5% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 16,200 shares of the financial services provider’s stock valued at $1,789,000 after buying an additional 400 shares during the period. Finally, Louisiana State Employees Retirement System increased its position in Pinnacle Financial Partners by 0.9% in the 2nd quarter. Louisiana State Employees Retirement System now owns 21,600 shares of the financial services provider’s stock valued at $2,385,000 after buying an additional 200 shares in the last quarter. Institutional investors own 87.40% of the company’s stock.

Pinnacle Financial Partners Stock Performance

NASDAQ PNFP opened at $99.63 on Friday. The company has a market capitalization of $7.73 billion, a price-to-earnings ratio of 12.66, a PEG ratio of 0.48 and a beta of 1.03. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.33. Pinnacle Financial Partners has a twelve month low of $81.57 and a twelve month high of $123.69. The stock has a fifty day simple moving average of $98.20 and a 200 day simple moving average of $93.88.

Pinnacle Financial Partners Announces Dividend

The firm also recently announced 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 is Friday, February 6th. Pinnacle Financial Partners’s dividend payout ratio 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.