News stories about Pinnacle Financial Partners (NASDAQ:PNFP) have trended somewhat positive on Saturday, according to Accern. The research group identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Pinnacle Financial Partners earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 45.1004626989 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Pinnacle Financial Partners (PNFP) traded down $0.50 during trading on Friday, reaching $63.85. 343,800 shares of the company’s stock traded hands, compared to its average volume of 477,000. Pinnacle Financial Partners has a 52-week low of $53.80 and a 52-week high of $71.85. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.98 and a current ratio of 0.99. The firm has a market cap of $4,920.00, a PE ratio of 18.93, a price-to-earnings-growth ratio of 1.51 and a beta of 1.32.
Pinnacle Financial Partners (NASDAQ:PNFP) last posted its quarterly earnings data on Tuesday, October 17th. The financial services provider reported $0.90 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.01. Pinnacle Financial Partners had a net margin of 27.41% and a return on equity of 7.36%. The company had revenue of $216.20 million during the quarter, compared to analyst estimates of $217.13 million. During the same quarter last year, the firm posted $0.78 EPS. The business’s revenue for the quarter was up 102.8% on a year-over-year basis. equities research analysts anticipate that Pinnacle Financial Partners will post 3.55 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 24th. Shareholders of record on Friday, November 3rd will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend is Thursday, November 2nd. Pinnacle Financial Partners’s payout ratio is 17.28%.
Several equities research analysts have recently issued reports on PNFP shares. SunTrust Banks, Inc. reissued a “buy” rating and issued a $74.00 price objective on shares of Pinnacle Financial Partners in a research report on Friday, October 20th. Piper Jaffray Companies reiterated a “buy” rating and set a $74.00 price objective on shares of Pinnacle Financial Partners in a research note on Thursday, October 19th. Hilliard Lyons upgraded shares of Pinnacle Financial Partners from a “neutral” rating to a “buy” rating in a research note on Wednesday. Zacks Investment Research upgraded shares of Pinnacle Financial Partners from a “sell” rating to a “hold” rating in a research note on Friday, October 20th. Finally, Stephens reissued a “hold” rating and set a $71.00 target price on shares of Pinnacle Financial Partners in a report on Thursday, July 20th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $73.25.
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In other news, Director Thomas R. Sloan sold 10,000 shares of the business’s stock in a transaction on Friday, October 20th. The shares were sold at an average price of $67.25, for a total value of $672,500.00. Following the sale, the director now owns 128,257 shares in the company, valued at approximately $8,625,283.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Ronald L. Samuel sold 3,000 shares of the business’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $60.45, for a total transaction of $181,350.00. Following the completion of the sale, the insider now owns 61,794 shares in the company, valued at approximately $3,735,447.30. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 66,711 shares of company stock valued at $4,466,727. 5.41% of the stock is currently owned by corporate insiders.
Pinnacle Financial Partners Company Profile
Pinnacle Financial Partners, Inc is a bank holding company. The Company operates through its subsidiary, Pinnacle Bank. The Company operates as a community bank primarily in the urban markets of Nashville, Knoxville, Memphis and Chattanooga, Tennessee and other counties. It provides the personalized service associated with small community banks, while seeking to offer the products and services, such as investments and treasury management.
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