Key Points
- CFO Andrew Jr. Gregory bought 1,000 shares of Pinnacle Financial Partners at an average price of $94.52 on Feb. 12 (total $94,520), raising his direct stake to 49,485 shares—a 2.06% increase valued at about $4.68 million.
- Pinnacle declared a $0.50 dividend payable Feb. 27 with an ex-dividend date of Feb. 6 (dividend payout ratio 24.72%); analysts maintain a consensus “Moderate Buy” rating with an average price target of $113.41.
Pinnacle Financial Partners, Inc. (NASDAQ:PNFP - Get Free Report) CFO Andrew Jr. Gregory bought 1,000 shares of Pinnacle Financial Partners stock in a transaction that occurred on Thursday, February 12th. The shares were acquired at an average price of $94.52 per share, with a total value of $94,520.00. Following the completion of the acquisition, 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 position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Pinnacle Financial Partners Price Performance
Shares of NASDAQ:PNFP opened at $96.19 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market capitalization of $7.46 billion, a PE ratio of 12.22, a price-to-earnings-growth ratio of 0.48 and a beta of 1.03. The stock has a fifty day moving average of $98.28 and a 200-day moving average of $93.94. Pinnacle Financial Partners, Inc. has a one year low of $81.57 and a one year high of $122.01.
Pinnacle Financial Partners Dividend Announcement
The business also recently declared a dividend, which will be paid on Friday, February 27th. Investors 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 (DPR) is currently 24.72%.
Institutional Investors Weigh In On Pinnacle Financial Partners
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC bought a new position in shares of Pinnacle Financial Partners in the fourth quarter valued at approximately $39,000. Parkside Financial Bank & Trust lifted its position in Pinnacle Financial Partners by 223.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 669 shares of the financial services provider's stock worth $64,000 after acquiring an additional 462 shares during the last quarter. Soros Fund Management LLC acquired a new position in Pinnacle Financial Partners during the 4th quarter worth $205,000. Walleye Capital LLC grew its position in shares of Pinnacle Financial Partners by 168.8% in the fourth quarter. Walleye Capital LLC now owns 20,002 shares of the financial services provider's stock valued at $1,908,000 after purchasing an additional 12,562 shares during the last quarter. Finally, UMB Bank n.a. increased its stake in shares of Pinnacle Financial Partners by 54.5% in the fourth quarter. UMB Bank n.a. now owns 1,347 shares of the financial services provider's stock worth $129,000 after purchasing an additional 475 shares during the period. 87.40% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of analysts have recently issued reports on PNFP shares. Royal Bank Of Canada upgraded Pinnacle Financial Partners to a "moderate buy" rating in a report on Monday, January 5th. UBS Group set a $106.00 price target on shares of Pinnacle Financial Partners in a research report on Wednesday, February 4th. Wells Fargo & Company lowered their price objective on shares of Pinnacle Financial Partners from $110.00 to $100.00 and set an "equal weight" rating on the stock in a research report on Friday, October 17th. JPMorgan Chase & Co. increased their target price 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. Finally, Evercore ISI restated an "outperform" rating on shares of Pinnacle Financial Partners in a report on Thursday, February 5th. 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's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $113.41.
Get Our Latest Stock Report on PNFP
About Pinnacle Financial Partners
(
Get Free Report)
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.
Further Reading
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