Focus Partners Advisor Solutions LLC Purchases New Holdings in Pinnacle Financial Partners, Inc. $PNFP

Focus Partners Advisor Solutions LLC purchased a new position in shares of Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,780 shares of the financial services provider’s stock, valued at approximately $1,051,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Norges Bank bought a new position in shares of Pinnacle Financial Partners in the second quarter worth $113,461,000. The Manufacturers Life Insurance Company raised its stake in Pinnacle Financial Partners by 3.3% in the second quarter. The Manufacturers Life Insurance Company now owns 1,010,422 shares of the financial services provider’s stock valued at $111,561,000 after purchasing an additional 31,858 shares in the last quarter. Channing Capital Management LLC lifted its position in Pinnacle Financial Partners by 1.8% during the second quarter. Channing Capital Management LLC now owns 671,556 shares of the financial services provider’s stock worth $74,146,000 after purchasing an additional 12,162 shares during the period. JPMorgan Chase & Co. grew its stake in Pinnacle Financial Partners by 0.5% during the second quarter. JPMorgan Chase & Co. now owns 652,562 shares of the financial services provider’s stock worth $72,049,000 after buying an additional 3,441 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in Pinnacle Financial Partners by 6.2% during the first quarter. Goldman Sachs Group Inc. now owns 651,268 shares of the financial services provider’s stock worth $69,060,000 after buying an additional 37,989 shares in the last quarter. Institutional investors own 87.40% of the company’s stock.

Pinnacle Financial Partners Stock Performance

Shares of Pinnacle Financial Partners stock opened at $88.83 on Friday. The stock has a market cap of $6.89 billion, a price-to-earnings ratio of 11.29, a P/E/G ratio of 0.48 and a beta of 1.02. Pinnacle Financial Partners, Inc. has a twelve month low of $81.57 and a twelve month high of $120.46. The company’s fifty day moving average is $96.60 and its 200 day moving average is $94.39. 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 Dividend Announcement

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

Insider Activity at Pinnacle Financial Partners

In related news, CFO Andrew J. Jr. Gregory purchased 1,000 shares of the firm’s stock in a transaction dated Thursday, February 12th. The stock was bought at an average price of $94.52 per share, with a total value of $94,520.00. Following the completion of the purchase, the chief financial officer owned 49,485 shares in the company, valued at approximately $4,677,322.20. This represents a 2.06% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.46% of the company’s stock.

Analyst Ratings Changes

PNFP has been the subject of several analyst reports. Raymond James Financial restated a “strong-buy” rating on shares of Pinnacle Financial Partners in a research report on Thursday, January 22nd. UBS Group set a $106.00 price target on shares of Pinnacle Financial Partners in a research report on Wednesday, February 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Pinnacle Financial Partners in a research note on Monday, December 29th. Piper Sandler upped their target price on Pinnacle Financial Partners from $120.00 to $122.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 28th. Finally, Evercore reaffirmed an “outperform” rating on shares of Pinnacle Financial Partners in a report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.41.

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.