Campbell & CO Investment Adviser LLC Sells 53,897 Shares of Pinnacle Financial Partners, Inc. $PNFP

Campbell & CO Investment Adviser LLC cut its stake in Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) by 88.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,098 shares of the financial services provider’s stock after selling 53,897 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Pinnacle Financial Partners were worth $666,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of PNFP. Voya Investment Management LLC lifted its holdings in shares of Pinnacle Financial Partners by 146.1% in the third quarter. Voya Investment Management LLC now owns 25,183 shares of the financial services provider’s stock worth $2,362,000 after acquiring an additional 14,951 shares during the last quarter. Advisors Capital Management LLC grew its holdings in shares of Pinnacle Financial Partners by 10.5% during the 2nd quarter. Advisors Capital Management LLC now owns 34,233 shares of the financial services provider’s stock valued at $3,780,000 after purchasing an additional 3,252 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in Pinnacle Financial Partners during the 2nd quarter worth approximately $297,000. Brighton Jones LLC bought a new position in Pinnacle Financial Partners in the 3rd quarter valued at approximately $1,062,000. Finally, AlphaQuest LLC acquired a new stake in Pinnacle Financial Partners in the second quarter valued at approximately $417,000. 87.40% of the stock is currently owned by institutional investors.

Pinnacle Financial Partners Trading Down 1.1%

Shares of PNFP stock opened at $97.34 on Wednesday. Pinnacle Financial Partners, Inc. has a 1-year low of $81.57 and a 1-year high of $127.85. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.33. The stock has a market cap of $7.55 billion, a price-to-earnings ratio of 12.37, a PEG ratio of 0.48 and a beta of 1.02. The stock has a 50-day moving average of $95.64 and a 200-day moving average of $95.53.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on PNFP shares. Piper Sandler upgraded shares of Pinnacle Financial Partners from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $117.00 to $120.00 in a report on Monday, January 5th. UBS Group reaffirmed a “neutral” rating and issued a $107.00 target price on shares of Pinnacle Financial Partners in a report on Tuesday, January 6th. Stephens dropped their target price on Pinnacle Financial Partners from $104.00 to $97.00 and set an “equal weight” rating for the company in a research report on Friday, October 17th. Barclays boosted their price target on Pinnacle Financial Partners from $125.00 to $135.00 and gave the stock an “overweight” rating in a report on Friday, December 19th. Finally, TD Cowen raised their price objective on shares of Pinnacle Financial Partners from $122.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, January 7th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $113.00.

Insiders Place Their Bets

In other Pinnacle Financial Partners news, Chairman Robert A. Mccabe, Jr. sold 6,775 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $93.00, for a total transaction 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. This trade represents a 3.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.46% of the company’s stock.

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.