CapWealth Advisors LLC Sells 10,334 Shares of Pinnacle Financial Partners, Inc. $PNFP

CapWealth Advisors LLC reduced its stake in shares of Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) by 50.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,329 shares of the financial services provider’s stock after selling 10,334 shares during the quarter. CapWealth Advisors LLC’s holdings in Pinnacle Financial Partners were worth $969,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. 1248 Management LLC bought a new position in shares of Pinnacle Financial Partners during the 1st quarter worth about $29,000. Elevation Point Wealth Partners LLC acquired a new stake in Pinnacle Financial Partners during the second quarter worth about $38,000. MAI Capital Management increased its stake in Pinnacle Financial Partners by 79.4% during the second quarter. MAI Capital Management now owns 366 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 162 shares during the period. Spurstone Advisory Services LLC acquired a new position in Pinnacle Financial Partners in the 2nd quarter valued at approximately $41,000. Finally, Ameritas Advisory Services LLC acquired a new position in Pinnacle Financial Partners in the 2nd quarter valued at approximately $45,000. 87.40% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Pinnacle Financial Partners news, Chairman Robert A. Mccabe, Jr. sold 6,775 shares of Pinnacle Financial Partners stock in a transaction 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 completion of the transaction, the chairman owned 202,505 shares in the company, valued at approximately $18,832,965. The trade was a 3.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director G Kennedy Thompson acquired 5,000 shares of Pinnacle Financial Partners stock in a transaction on Monday, October 20th. The stock was acquired at an average cost of $87.63 per share, for a total transaction of $438,150.00. Following the purchase, the director owned 33,372 shares of the company’s stock, valued at approximately $2,924,388.36. This represents a 17.62% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 1.46% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Bank of America began coverage on Pinnacle Financial Partners in a research report on Monday, December 8th. They set a “buy” rating and a $113.00 price objective on the stock. TD Cowen began coverage on shares of Pinnacle Financial Partners in a report on Thursday, September 25th. They issued a “buy” rating and a $122.00 price target on the stock. UBS Group reduced their price objective on shares of Pinnacle Financial Partners from $104.00 to $95.00 and set a “neutral” rating for the company in a report on Wednesday, November 5th. Cowen assumed coverage on shares of Pinnacle Financial Partners in a research note on Wednesday, September 24th. They issued a “buy” rating on the stock. Finally, Barclays increased their price target on shares of Pinnacle Financial Partners from $125.00 to $135.00 and gave the stock an “overweight” rating in a research report on Friday, December 19th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $111.38.

Pinnacle Financial Partners Trading Down 2.6%

Shares of Pinnacle Financial Partners stock opened at $95.41 on Friday. Pinnacle Financial Partners, Inc. has a 12-month low of $81.57 and a 12-month high of $127.85. The stock has a market capitalization of $7.40 billion, a P/E ratio of 12.12, a price-to-earnings-growth ratio of 0.58 and a beta of 1.02. The company has a 50-day simple moving average of $92.82 and a 200 day simple moving average of $96.82. 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 (NASDAQ:PNFP) last released its quarterly earnings results on Wednesday, October 15th. The financial services provider reported $2.27 EPS for the quarter, beating analysts’ consensus estimates of $2.05 by $0.22. The firm had revenue of $544.80 million for the quarter, compared to analyst estimates of $526.40 million. Pinnacle Financial Partners had a net margin of 19.17% and a return on equity of 9.91%. During the same period in the previous year, the business earned $1.86 earnings per share. Research analysts expect that Pinnacle Financial Partners, Inc. will post 7.85 earnings per share for the current fiscal year.

Pinnacle Financial Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 7th were given a dividend of $0.24 per share. The ex-dividend date was Friday, November 7th. This represents a $0.96 dividend on an annualized basis and a yield of 1.0%. Pinnacle Financial Partners’s dividend payout ratio is 12.20%.

Pinnacle Financial Partners 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.