Semanteon Capital Management LP Acquires New Stake in Pinnacle Financial Partners, Inc. $PNFP

Semanteon Capital Management LP bought a new position in shares of Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 6,069 shares of the financial services provider’s stock, valued at approximately $569,000.

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 Pinnacle Financial Partners by 97.9% in 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 during the period. Voya Investment Management LLC grew its position in shares of Pinnacle Financial Partners by 146.1% during the 3rd quarter. Voya Investment Management LLC now owns 25,183 shares of the financial services provider’s stock worth $2,362,000 after purchasing an additional 14,951 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of Pinnacle Financial Partners by 585.5% in the third quarter. Jones Financial Companies Lllp now owns 18,419 shares of the financial services provider’s stock valued at $1,768,000 after buying an additional 15,732 shares in the last quarter. Advisors Capital Management LLC boosted its stake in shares of Pinnacle Financial Partners by 10.5% in the second quarter. Advisors Capital Management LLC now owns 34,233 shares of the financial services provider’s stock valued at $3,780,000 after buying an additional 3,252 shares during the period. Finally, Woodmont Investment Counsel LLC increased its stake in Pinnacle Financial Partners by 43.1% during the 3rd quarter. Woodmont Investment Counsel LLC now owns 94,388 shares of the financial services provider’s stock worth $8,853,000 after acquiring an additional 28,445 shares during the period. Institutional investors and hedge funds own 87.40% of the company’s stock.

Insiders Place Their Bets

In other news, Chairman Robert A. Mccabe, Jr. sold 6,775 shares of the firm’s stock in a transaction dated Wednesday, November 26th. The stock was 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 trade represents a 3.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Andrew J. Jr. Gregory bought 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The stock was purchased at an average cost of $94.52 per share, with a total value of $94,520.00. Following the completion of the transaction, the chief financial officer directly owned 49,485 shares in the company, valued at $4,677,322.20. This represents a 2.06% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.46% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on PNFP. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Pinnacle Financial Partners in a research note on Monday, December 29th. Raymond James Financial reissued a “strong-buy” rating on shares of Pinnacle Financial Partners in a report on Thursday, January 22nd. Evercore reaffirmed an “outperform” rating on shares of Pinnacle Financial Partners in a research note on Thursday, February 5th. Piper Sandler upped their price objective on shares of Pinnacle Financial Partners from $120.00 to $122.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 28th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Pinnacle Financial Partners from $110.00 to $125.00 and gave the company an “overweight” rating in a research note on Tuesday, December 16th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $113.41.

Pinnacle Financial Partners Stock Up 1.9%

Shares of NASDAQ PNFP opened at $101.06 on Friday. The company has a market capitalization of $7.84 billion, a P/E ratio of 12.84, a price-to-earnings-growth 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, Inc. has a 52-week low of $81.57 and a 52-week high of $120.46. The company’s 50 day moving average price is $98.22 and its 200-day moving average price is $94.31.

Pinnacle Financial Partners Announces Dividend

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

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.