AGP Franklin LLC Buys 21,542 Shares of Pinnacle Financial Partners, Inc. $PNFP

AGP Franklin LLC increased its position in Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) by 99.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,106 shares of the financial services provider’s stock after acquiring an additional 21,542 shares during the quarter. Pinnacle Financial Partners comprises approximately 2.0% of AGP Franklin LLC’s holdings, making the stock its 13th biggest position. AGP Franklin LLC owned about 0.06% of Pinnacle Financial Partners worth $4,043,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of PNFP. Goldman Sachs Group Inc. lifted its holdings in shares of Pinnacle Financial Partners by 6.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 651,268 shares of the financial services provider’s stock worth $69,060,000 after acquiring an additional 37,989 shares during the last quarter. Focus Partners Wealth raised its holdings in shares of Pinnacle Financial Partners by 13.9% in the first quarter. Focus Partners Wealth now owns 4,755 shares of the financial services provider’s stock valued at $504,000 after acquiring an additional 581 shares in the last quarter. Lecap Asset Management Ltd. bought a new stake in shares of Pinnacle Financial Partners in the 2nd quarter valued at about $253,000. Hilltop National Bank bought a new position in Pinnacle Financial Partners in the second quarter worth approximately $140,000. Finally, Ameritas Advisory Services LLC bought a new position in shares of Pinnacle Financial Partners in the 2nd quarter worth $45,000. Hedge funds and other institutional investors own 87.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on PNFP shares. Wells Fargo & Company lowered their price target on Pinnacle Financial Partners from $110.00 to $100.00 and set an “equal weight” rating for the company in a research report on Friday, October 17th. JPMorgan Chase & Co. boosted their target price on shares of Pinnacle Financial Partners from $110.00 to $125.00 and gave the company an “overweight” rating in a report on Tuesday, December 16th. Keefe, Bruyette & Woods lifted their target price on Pinnacle Financial Partners from $95.00 to $100.00 and gave the company a “market perform” rating in a research report on Friday, January 9th. UBS Group reaffirmed a “neutral” rating and set a $107.00 price objective on shares of Pinnacle Financial Partners in a research report on Tuesday, January 6th. Finally, Piper Sandler raised Pinnacle Financial Partners from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $117.00 to $120.00 in a research report on Monday, January 5th. One investment 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’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $113.29.

Insider Buying and Selling at Pinnacle Financial Partners

In other 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 transaction of $630,075.00. Following the transaction, the chairman directly owned 202,505 shares in the company, valued at approximately $18,832,965. This trade represents a 3.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.46% of the stock is currently owned by corporate insiders.

Pinnacle Financial Partners Stock Performance

NASDAQ:PNFP opened at $95.36 on Wednesday. Pinnacle Financial Partners, Inc. has a 1-year low of $81.57 and a 1-year high of $127.85. The firm has a 50-day moving average of $96.66 and a two-hundred day moving average of $94.80. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.89 and a quick ratio of 0.89. The stock has a market cap of $7.40 billion, a P/E ratio of 12.12, a PEG ratio of 0.48 and a beta of 1.02.

Pinnacle Financial Partners Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 6th will be given a $0.50 dividend. The ex-dividend date is Friday, February 6th. Pinnacle Financial Partners’s dividend payout ratio (DPR) is currently 11.87%.

Pinnacle Financial Partners Company 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.