Athos Capital Ltd Purchases Shares of 22,573 Pinnacle Financial Partners, Inc. $PNFP

Athos Capital Ltd purchased a new position in Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 22,573 shares of the financial services provider’s stock, valued at approximately $2,117,000. Pinnacle Financial Partners accounts for about 1.3% of Athos Capital Ltd’s investment portfolio, making the stock its 14th largest position.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Pinnacle Financial Partners by 97.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 47,073 shares of the financial services provider’s stock valued at $4,327,000 after purchasing an additional 23,292 shares in the last quarter. Voya Investment Management LLC raised its stake in Pinnacle Financial Partners by 146.1% during the third quarter. Voya Investment Management LLC now owns 25,183 shares of the financial services provider’s stock valued at $2,362,000 after buying an additional 14,951 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in Pinnacle Financial Partners by 585.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 18,419 shares of the financial services provider’s stock worth $1,768,000 after purchasing an additional 15,732 shares in the last quarter. Woodmont Investment Counsel LLC lifted its stake in shares of Pinnacle Financial Partners by 43.1% in the third quarter. Woodmont Investment Counsel LLC now owns 94,388 shares of the financial services provider’s stock worth $8,853,000 after buying an additional 28,445 shares in the last quarter. Finally, Advisors Capital Management LLC increased its holdings in shares of Pinnacle Financial Partners by 10.5% in the 2nd quarter. Advisors Capital Management LLC now owns 34,233 shares of the financial services provider’s stock worth $3,780,000 after purchasing an additional 3,252 shares in the last quarter. 87.40% of the stock is owned by institutional investors.

Insider Activity

In related news, CFO Andrew J. Jr. Gregory purchased 1,000 shares of the business’s stock in a transaction dated Thursday, February 12th. The shares were acquired at an average cost of $94.52 per share, for a total transaction of $94,520.00. Following the acquisition, the chief financial officer owned 49,485 shares of the company’s stock, valued at $4,677,322.20. The trade was a 2.06% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.46% of the company’s stock.

Pinnacle Financial Partners Stock Down 2.0%

NASDAQ:PNFP opened at $88.83 on Friday. 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 company has a 50-day moving average of $96.60 and a 200 day moving average of $94.39. Pinnacle Financial Partners, Inc. has a 1-year low of $81.57 and a 1-year high of $120.46. The firm has a market cap of $6.89 billion, a PE ratio of 11.29, a price-to-earnings-growth ratio of 0.48 and a beta of 1.02.

Pinnacle Financial Partners Announces Dividend

The business also recently announced a dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 6th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, February 6th. Pinnacle Financial Partners’s dividend payout ratio (DPR) is 24.72%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on PNFP shares. Keefe, Bruyette & Woods boosted their price objective on shares of Pinnacle Financial Partners from $95.00 to $100.00 and gave the company a “market perform” rating in a report on Friday, January 9th. Piper Sandler increased their target price on shares of Pinnacle Financial Partners from $120.00 to $122.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. Barclays boosted their price objective on Pinnacle Financial Partners from $125.00 to $135.00 and gave the company an “overweight” rating in a research report on Friday, December 19th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Pinnacle Financial Partners in a research note on Monday, December 29th. Finally, Royal Bank Of Canada upgraded Pinnacle Financial Partners to a “moderate buy” rating in a research report on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $113.41.

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.