Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) Given Average Recommendation of “Moderate Buy” by Brokerages

Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) has earned an average rating of “Moderate Buy” from the twenty brokerages that are presently covering the company, MarketBeat reports. Eight investment analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $113.4118.

PNFP has been the topic of several research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Pinnacle Financial Partners in a research report on Monday, December 29th. Stephens decreased their price target on shares of Pinnacle Financial Partners from $104.00 to $97.00 and set an “equal weight” rating on the stock in a research note on Friday, October 17th. 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. Evercore ISI raised their target price on Pinnacle Financial Partners from $115.00 to $116.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Raymond James Financial reaffirmed a “strong-buy” rating on shares of Pinnacle Financial Partners in a research note on Thursday, January 22nd.

Insider Activity at Pinnacle Financial Partners

In other news, Chairman Robert A. Mccabe, Jr. sold 6,775 shares of the stock in a transaction dated 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 sale, the chairman directly owned 202,505 shares in the company, valued at $18,832,965. This represents a 3.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.46% of the stock is owned by company insiders.

Institutional Trading of Pinnacle Financial Partners

A number of hedge funds have recently bought and sold shares of PNFP. Brown Brothers Harriman & Co. acquired a new position in shares of Pinnacle Financial Partners during the 3rd quarter worth approximately $26,000. High Point Wealth Management LLC purchased a new position in Pinnacle Financial Partners during the fourth quarter worth approximately $27,000. BOKF NA lifted its position in Pinnacle Financial Partners by 1,204.5% during the third quarter. BOKF NA now owns 287 shares of the financial services provider’s stock worth $27,000 after buying an additional 265 shares in the last quarter. Activest Wealth Management acquired a new position in Pinnacle Financial Partners during the fourth quarter worth $28,000. Finally, Covestor Ltd grew its holdings in Pinnacle Financial Partners by 193.9% in the 3rd quarter. Covestor Ltd now owns 338 shares of the financial services provider’s stock valued at $32,000 after buying an additional 223 shares in the last quarter. Institutional investors and hedge funds own 87.40% of the company’s stock.

Pinnacle Financial Partners Price Performance

Pinnacle Financial Partners stock opened at $100.79 on Friday. The company’s fifty day moving average price is $97.69 and its 200 day moving average price is $94.16. Pinnacle Financial Partners has a 1 year low of $81.57 and a 1 year high of $126.81. The stock has a market capitalization of $7.82 billion, a P/E ratio of 12.81, a P/E/G ratio of 0.48 and a beta of 1.03. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.89 and a current ratio of 0.89.

Pinnacle Financial Partners Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 6th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, February 6th. Pinnacle Financial Partners’s payout ratio is 24.72%.

About Pinnacle Financial Partners

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.