Pinnacle Financial Partners, Inc. (NASDAQ:PNFP – Get Free Report) Chairman Robert A. Mccabe, Jr. sold 115,249 shares of the company’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $81.04, for a total value of $9,339,778.96. Following the completion of the transaction, the chairman now owns 153,062 shares of the company’s stock, valued at $12,404,144.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Pinnacle Financial Partners Price Performance
NASDAQ PNFP traded down $0.93 during trading on Monday, reaching $79.36. 407,621 shares of the company traded hands, compared to its average volume of 466,787. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.90 and a current ratio of 0.90. The stock’s 50 day moving average price is $82.20 and its two-hundred day moving average price is $79.45. The company has a market cap of $6.12 billion, a price-to-earnings ratio of 11.35 and a beta of 1.08. Pinnacle Financial Partners, Inc. has a 1-year low of $43.31 and a 1-year high of $92.33.
Pinnacle Financial Partners Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 3rd will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Thursday, May 2nd. Pinnacle Financial Partners’s payout ratio is 12.59%.
Institutional Trading of Pinnacle Financial Partners
Analysts Set New Price Targets
PNFP has been the subject of several research analyst reports. JPMorgan Chase & Co. dropped their price target on Pinnacle Financial Partners from $110.00 to $108.00 and set an “overweight” rating for the company in a research note on Wednesday, April 24th. Barclays assumed coverage on Pinnacle Financial Partners in a research report on Friday, March 8th. They issued an “equal weight” rating and a $93.00 target price for the company. UBS Group reduced their target price on Pinnacle Financial Partners from $91.00 to $90.00 and set a “neutral” rating on the stock in a report on Thursday, January 18th. Stephens reiterated an “overweight” rating and set a $109.00 price target on shares of Pinnacle Financial Partners in a research report on Tuesday, April 23rd. Finally, Truist Financial dropped their price target on Pinnacle Financial Partners from $99.00 to $94.00 and set a “buy” rating on the stock in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $95.50.
View Our Latest Stock Report on Pinnacle Financial Partners
Pinnacle Financial Partners Company Profile
Pinnacle Financial Partners, Inc, together with its subsidiaries, operates as the bank holding company for Pinnacle Bank that provides various banking products and services to individuals, businesses, and professional entities in the United States. The company accepts various deposits, including savings, noninterest-bearing and interest-bearing checking, money market, and certificate of deposit accounts; and provides treasury management services, which includes online wire origination, enhanced ACH origination services, positive pay, zero balance and sweep accounts, automated bill pay services, electronic receivables processing, lockbox processing, and merchant card acceptance services.
Read More
- Five stocks we like better than Pinnacle Financial Partners
- The Significance of Brokerage Rankings in Stock Selection
- The 3 Hottest Insiders Buys This Month
- How to invest in marijuana stocks in 7 stepsĀ
- What Bulls and Bears May Be Getting Wrong about SOFI Stock
- Compound Interest and Why It Matters When Investing
- Microsoft Analysis: Trends, Predictions & Investment Insight
Receive News & Ratings for Pinnacle Financial Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pinnacle Financial Partners and related companies with MarketBeat.com's FREE daily email newsletter.