Villanova Investment Management Co LLC Buys 9,107 Shares of Pinnacle Financial Partners, Inc. $PNFP

Villanova Investment Management Co LLC raised its stake in Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) by 47.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,393 shares of the financial services provider’s stock after acquiring an additional 9,107 shares during the period. Pinnacle Financial Partners comprises about 1.8% of Villanova Investment Management Co LLC’s investment portfolio, making the stock its 20th largest position. Villanova Investment Management Co LLC’s holdings in Pinnacle Financial Partners were worth $2,663,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Pinnacle Financial Partners during the 2nd quarter worth about $113,461,000. Balyasny Asset Management L.P. boosted its holdings in shares of Pinnacle Financial Partners by 1,036.4% in the 2nd quarter. Balyasny Asset Management L.P. now owns 297,181 shares of the financial services provider’s stock worth $32,812,000 after acquiring an additional 271,029 shares in the last quarter. Impax Asset Management Group plc grew its position in Pinnacle Financial Partners by 248.2% during the 3rd quarter. Impax Asset Management Group plc now owns 348,237 shares of the financial services provider’s stock worth $32,661,000 after acquiring an additional 248,237 shares during the last quarter. Westwood Holdings Group Inc. acquired a new stake in Pinnacle Financial Partners during the 2nd quarter valued at $20,932,000. Finally, Sei Investments Co. raised its position in Pinnacle Financial Partners by 82.7% in the 2nd quarter. Sei Investments Co. now owns 376,762 shares of the financial services provider’s stock valued at $41,598,000 after purchasing an additional 170,536 shares during the last quarter. 87.40% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Citigroup raised their target price on Pinnacle Financial Partners from $118.00 to $122.00 and gave the company a “buy” rating in a research note on Monday, January 26th. Truist Financial set a $100.00 price target on shares of Pinnacle Financial Partners in a report on Friday, January 9th. Royal Bank Of Canada upgraded shares of Pinnacle Financial Partners to a “moderate buy” rating in a research report on Monday, January 5th. Keefe, Bruyette & Woods boosted their target price on Pinnacle Financial Partners from $95.00 to $100.00 and gave the stock a “market perform” rating in a research report on Friday, January 9th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Pinnacle Financial Partners in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, Pinnacle Financial Partners presently has an average rating of “Moderate Buy” and an average target price of $113.41.

Insider Buying and Selling

In other Pinnacle Financial Partners news, Chairman Robert A. Mccabe, Jr. sold 6,775 shares of the firm’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $93.00, for a total transaction of $630,075.00. Following the completion of the sale, the chairman owned 202,505 shares of the company’s stock, valued at $18,832,965. This trade represents a 3.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Andrew J. Jr. Gregory bought 1,000 shares of the business’s stock in a transaction dated Thursday, February 12th. The shares were bought at an average price of $94.52 per share, with a total value of $94,520.00. Following the purchase, 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 SEC filing for this purchase provides additional information. 1.46% of the stock is owned by insiders.

Pinnacle Financial Partners Stock Performance

PNFP opened at $101.06 on Monday. The business’s 50-day simple moving average is $98.22 and its 200 day simple moving average is $94.34. Pinnacle Financial Partners, Inc. has a 52-week low of $81.57 and a 52-week high of $120.46. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a market capitalization of $7.84 billion, a PE ratio of 12.84, a PEG ratio of 0.48 and a beta of 1.03.

Pinnacle Financial Partners Announces Dividend

The company also recently disclosed a dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 6th will be given a $0.50 dividend. 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 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.