News stories about Pinnacle Financial Partners (NASDAQ:PNFP) have been trending somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Pinnacle Financial Partners earned a news sentiment score of 0.16 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 46.1697726334239 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Shares of Pinnacle Financial Partners (NASDAQ:PNFP) opened at $64.75 on Wednesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.99 and a quick ratio of 0.98. Pinnacle Financial Partners has a 52 week low of $58.40 and a 52 week high of $71.85. The stock has a market cap of $5,013.13, a price-to-earnings ratio of 18.97, a price-to-earnings-growth ratio of 1.51 and a beta of 1.32.
Pinnacle Financial Partners (NASDAQ:PNFP) last issued its quarterly earnings results on Tuesday, October 17th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.01. Pinnacle Financial Partners had a net margin of 27.41% and a return on equity of 7.36%. The firm had revenue of $216.20 million for the quarter, compared to analyst estimates of $217.13 million. During the same period in the previous year, the business earned $0.78 EPS. The company’s revenue was up 102.8% compared to the same quarter last year. equities research analysts anticipate that Pinnacle Financial Partners will post 3.55 earnings per share for the current fiscal year.
Several equities research analysts recently commented on PNFP shares. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $74.00 price objective on shares of Pinnacle Financial Partners in a research report on Friday, October 20th. Hilliard Lyons raised shares of Pinnacle Financial Partners from a “neutral” rating to a “buy” rating and set a $71.00 price objective on the stock in a research report on Wednesday, August 23rd. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $72.00 price objective on shares of Pinnacle Financial Partners in a research report on Thursday, October 5th. BidaskClub cut shares of Pinnacle Financial Partners from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Finally, Zacks Investment Research cut shares of Pinnacle Financial Partners from a “buy” rating to a “sell” rating in a research report on Wednesday, October 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $73.25.
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In other Pinnacle Financial Partners news, CFO Harold R. Carpenter sold 17,711 shares of Pinnacle Financial Partners stock in a transaction on Friday, October 20th. The shares were sold at an average price of $67.45, for a total value of $1,194,606.95. Following the sale, the chief financial officer now directly owns 107,090 shares in the company, valued at approximately $7,223,220.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Ronald L. Samuel sold 3,000 shares of Pinnacle Financial Partners stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $60.45, for a total transaction of $181,350.00. Following the completion of the sale, the insider now owns 61,794 shares in the company, valued at $3,735,447.30. The disclosure for this sale can be found here. Insiders sold a total of 66,711 shares of company stock worth $4,466,727 over the last quarter. Company insiders own 5.41% of the company’s stock.
Pinnacle Financial Partners Company Profile
Pinnacle Financial Partners, Inc is a bank holding company. The Company operates through its subsidiary, Pinnacle Bank. The Company operates as a community bank primarily in the urban markets of Nashville, Knoxville, Memphis and Chattanooga, Tennessee and other counties. It provides the personalized service associated with small community banks, while seeking to offer the products and services, such as investments and treasury management.
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