Pinnacle Financial Partners, Inc. $PNFP Shares Sold by CapWealth Advisors LLC

CapWealth Advisors LLC reduced its stake in shares of Pinnacle Financial Partners, Inc. (NASDAQ:PNFPFree Report) 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 institutional investor owned 10,329 shares of the financial services provider’s stock after selling 10,334 shares during the period. CapWealth Advisors LLC’s holdings in Pinnacle Financial Partners were worth $969,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Quent Capital LLC bought a new position in shares of Pinnacle Financial Partners during the third quarter worth about $34,000. Eastern Bank bought a new stake in shares of Pinnacle Financial Partners in the 3rd quarter valued at approximately $37,000. Elevation Point Wealth Partners LLC acquired a new stake in shares of Pinnacle Financial Partners during the 2nd quarter valued at approximately $38,000. MAI Capital Management lifted 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 worth $40,000 after purchasing an additional 162 shares during the last quarter. Finally, Spurstone Advisory Services LLC acquired a new position in Pinnacle Financial Partners in the second quarter worth $41,000. Institutional investors own 87.40% of the company’s stock.

Insider Buying and Selling at Pinnacle Financial Partners

In other news, Chairman Robert A. Mccabe, Jr. sold 6,775 shares of the stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $93.00, for a total value of $630,075.00. Following the completion of the transaction, the chairman directly owned 202,505 shares in the company, valued at $18,832,965. This trade represents a 3.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.46% of the company’s stock.

Wall Street Analysts Forecast Growth

PNFP has been the topic of several research reports. Barclays increased their price objective on shares of Pinnacle Financial Partners from $125.00 to $135.00 and gave the stock an “overweight” rating in a research note on Friday, December 19th. UBS Group reissued a “neutral” rating and issued a $107.00 price target on shares of Pinnacle Financial Partners in a report on Tuesday, January 6th. Bank of America began coverage on Pinnacle Financial Partners in a research note on Monday, December 8th. They set a “buy” rating and a $113.00 price objective for the company. Deutsche Bank Aktiengesellschaft set a $116.00 target price on Pinnacle Financial Partners and gave the stock a “buy” rating in a research report on Wednesday. Finally, Evercore ISI began coverage on shares of Pinnacle Financial Partners in a report on Tuesday, January 6th. They set an “outperform” rating and a $115.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $113.18.

View Our Latest Stock Report on Pinnacle Financial Partners

Pinnacle Financial Partners News Summary

Here are the key news stories impacting Pinnacle Financial Partners this week:

Pinnacle Financial Partners Stock Performance

PNFP stock opened at $101.60 on Thursday. The company has a 50-day simple moving average of $95.90 and a 200 day simple moving average of $95.57. The company has a market capitalization of $7.88 billion, a P/E ratio of 12.91, a PEG ratio of 0.48 and a beta of 1.02. 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, Inc. has a fifty-two week low of $81.57 and a fifty-two week high of $127.85.

Pinnacle Financial Partners Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Pinnacle Financial Partners (NASDAQ:PNFP)

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