Analysts Set Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) PT at $113.41

Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) has been given an average rating of “Moderate Buy” by the twenty brokerages that are covering the firm, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $113.4118.

A number of research firms have issued reports on PNFP. Bank of America started coverage on shares of Pinnacle Financial Partners in a research report on Monday, December 8th. They issued a “buy” rating and a $113.00 price objective on the stock. Truist Financial set a $100.00 price target on Pinnacle Financial Partners in a report on Friday, January 9th. Evercore upped their price target on Pinnacle Financial Partners from $115.00 to $116.00 and gave the company an “outperform” rating in a research report on Thursday, February 5th. Royal Bank Of Canada upgraded Pinnacle Financial Partners to a “moderate buy” rating in a report on Monday, January 5th. Finally, Barclays boosted their target price on Pinnacle Financial Partners from $125.00 to $135.00 and gave the company an “overweight” rating in a research note on Friday, December 19th.

Insider Activity at Pinnacle Financial Partners

In other news, Chairman Robert A. Mccabe, Jr. sold 6,775 shares of Pinnacle Financial Partners stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $93.00, for a total transaction of $630,075.00. Following the sale, the chairman owned 202,505 shares of the company’s stock, valued at approximately $18,832,965. The trade was a 3.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.46% of the company’s stock.

Institutional Trading of Pinnacle Financial Partners

Several large investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. lifted its stake 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 valued at $69,060,000 after purchasing an additional 37,989 shares during the period. Focus Partners Wealth raised its holdings in 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 worth $504,000 after purchasing an additional 581 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in Pinnacle Financial Partners during the second quarter valued at $45,000. KLP Kapitalforvaltning AS lifted its position in Pinnacle Financial Partners by 2.5% during the second quarter. KLP Kapitalforvaltning AS now owns 16,200 shares of the financial services provider’s stock valued at $1,789,000 after buying an additional 400 shares during the period. Finally, Louisiana State Employees Retirement System boosted its holdings in shares of Pinnacle Financial Partners by 0.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 21,600 shares of the financial services provider’s stock valued at $2,385,000 after buying an additional 200 shares in the last quarter. 87.40% of the stock is owned by institutional investors.

Pinnacle Financial Partners Trading Down 2.8%

Shares of PNFP stock opened at $95.11 on Friday. The business has a 50-day moving average of $98.28 and a 200 day moving average of $93.91. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.89 and a quick ratio of 0.89. Pinnacle Financial Partners has a 1-year low of $81.57 and a 1-year high of $122.01. The stock has a market capitalization of $7.38 billion, a PE ratio of 12.08, a P/E/G ratio of 0.48 and a beta of 1.03.

Pinnacle Financial Partners Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 6th will be issued a $0.50 dividend. The ex-dividend date is Friday, February 6th. Pinnacle Financial Partners’s dividend payout ratio 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.