Pinnacle Financial Partners (PNFP) Scheduled to Post Earnings on Tuesday

Pinnacle Financial Partners (NASDAQ:PNFPGet Free Report) is scheduled to be releasing its earnings data after the market closes on Tuesday, July 16th. Analysts expect Pinnacle Financial Partners to post earnings of $1.59 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Pinnacle Financial Partners (NASDAQ:PNFPGet Free Report) last posted its quarterly earnings results on Monday, April 22nd. The financial services provider reported $1.53 EPS for the quarter, beating the consensus estimate of $1.52 by $0.01. Pinnacle Financial Partners had a net margin of 18.59% and a return on equity of 9.31%. The business had revenue of $428.14 million during the quarter, compared to analyst estimates of $413.27 million. On average, analysts expect Pinnacle Financial Partners to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Pinnacle Financial Partners Trading Up 0.2 %

NASDAQ PNFP opened at $77.13 on Tuesday. 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 company has a 50-day simple moving average of $79.05 and a 200-day simple moving average of $82.00. The firm has a market capitalization of $5.96 billion, a PE ratio of 11.03 and a beta of 1.08. Pinnacle Financial Partners has a one year low of $57.58 and a one year high of $92.33.

Pinnacle Financial Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 3rd were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend was Thursday, May 2nd. Pinnacle Financial Partners’s payout ratio is 12.59%.

Insider Activity

In other Pinnacle Financial Partners news, Chairman Robert A. Mccabe, Jr. sold 115,249 shares of the company’s stock in a transaction that occurred 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 transaction, the chairman now owns 153,062 shares in the company, valued at approximately $12,404,144.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Pinnacle Financial Partners news, CEO M Terry Turner sold 72,000 shares of the company’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $80.97, for a total value of $5,829,840.00. Following the transaction, the chief executive officer now owns 222,790 shares in the company, valued at approximately $18,039,306.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman Robert A. Mccabe, Jr. sold 115,249 shares of the company’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $81.04, for a total transaction of $9,339,778.96. Following the completion of the transaction, the chairman now owns 153,062 shares in the company, valued at approximately $12,404,144.48. The disclosure for this sale can be found here. 1.87% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

PNFP has been the subject of a number of research analyst reports. Hovde Group reduced their price target on shares of Pinnacle Financial Partners from $104.00 to $99.00 and set an “outperform” rating for the company in a research note on Tuesday, April 23rd. Truist Financial reduced their price target on shares of Pinnacle Financial Partners from $94.00 to $87.00 and set a “buy” rating for the company in a research note on Monday. Stephens reduced their price target on shares of Pinnacle Financial Partners from $109.00 to $102.00 and set an “overweight” rating for the company in a research note on Thursday, May 23rd. Jefferies Financial Group reduced their price target on shares of Pinnacle Financial Partners from $88.00 to $85.00 and set a “hold” rating for the company in a research note on Monday, April 8th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Pinnacle Financial Partners from $108.00 to $105.00 and set an “overweight” rating for the company in a research note on Thursday, June 27th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Pinnacle Financial Partners has an average rating of “Hold” and a consensus target price of $93.38.

View Our Latest Analysis on PNFP

Pinnacle Financial Partners Company Profile

(Get Free Report)

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.

Further Reading

Earnings History for Pinnacle Financial Partners (NASDAQ:PNFP)

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