Andrew Jr. Gregory Purchases 1,000 Shares of Pinnacle Financial Partners (NASDAQ:PNFP) Stock

Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) CFO Andrew Jr. Gregory bought 1,000 shares of the stock in a transaction on Thursday, February 12th. The shares were bought at an average price of $94.52 per share, for a total transaction of $94,520.00. Following the acquisition, the chief financial officer owned 49,485 shares in the company, valued at $4,677,322.20. The trade was a 2.06% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Pinnacle Financial Partners Price Performance

Shares of NASDAQ PNFP traded up $1.07 during trading on Friday, reaching $96.19. The company had a trading volume of 1,347,231 shares, compared to its average volume of 1,857,441. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.33. Pinnacle Financial Partners, Inc. has a twelve month low of $81.57 and a twelve month high of $122.01. The stock has a 50-day moving average price of $98.28 and a two-hundred day moving average price of $93.91. The stock has a market capitalization of $7.46 billion, a PE ratio of 12.22, a price-to-earnings-growth ratio of 0.48 and a beta of 1.03.

Pinnacle Financial Partners Announces Dividend

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. acquired a new stake in shares of Pinnacle Financial Partners in the third quarter valued at about $26,000. High Point Wealth Management LLC purchased a new position in Pinnacle Financial Partners in the 4th quarter worth approximately $27,000. BOKF NA boosted its holdings in Pinnacle Financial Partners by 1,204.5% in the 3rd quarter. BOKF NA now owns 287 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 265 shares during the period. Activest Wealth Management acquired a new stake in Pinnacle Financial Partners in the fourth quarter valued at approximately $28,000. Finally, Covestor Ltd raised its stake in shares of Pinnacle Financial Partners by 193.9% during the third quarter. Covestor Ltd now owns 338 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 223 shares during the period. 87.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PNFP has been the topic of several analyst reports. Wells Fargo & Company decreased their price objective on Pinnacle Financial Partners from $110.00 to $100.00 and set an “equal weight” rating on the stock in a report on Friday, October 17th. TD Cowen reissued a “buy” rating on shares of Pinnacle Financial Partners in a research note on Wednesday, January 7th. Piper Sandler lifted their price target on Pinnacle Financial Partners from $120.00 to $122.00 and gave the company an “overweight” rating in a report on Wednesday, January 28th. Bank of America began coverage on shares of Pinnacle Financial Partners in a report on Monday, December 8th. They set a “buy” rating and a $113.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft set a $116.00 target price on shares of Pinnacle Financial Partners and gave the company a “buy” rating in a report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $113.41.

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.