Pinnacle Financial Partners (NASDAQ:PNFP) is set to announce its earnings results after the market closes on Tuesday, July 21st. Analysts expect the company to announce earnings of $0.88 per share for the quarter.
Pinnacle Financial Partners (NASDAQ:PNFP) last posted its earnings results on Monday, April 20th. The financial services provider reported $0.39 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.05 by ($0.66). Pinnacle Financial Partners had a return on equity of 8.04% and a net margin of 24.72%. The firm had revenue of $263.93 million during the quarter, compared to analyst estimates of $260.15 million. During the same quarter last year, the business posted $1.24 earnings per share. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. On average, analysts expect Pinnacle Financial Partners to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
PNFP opened at $39.29 on Tuesday. The stock has a market cap of $2.92 billion, a P/E ratio of 8.97 and a beta of 1.43. Pinnacle Financial Partners has a 12 month low of $27.80 and a 12 month high of $65.00. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.68. The company has a fifty day simple moving average of $41.62 and a 200 day simple moving average of $47.47.
In related news, Director G Kennedy Thompson acquired 5,000 shares of the company’s stock in a transaction dated Thursday, April 23rd. The shares were bought at an average price of $34.86 per share, for a total transaction of $174,300.00. Following the purchase, the director now directly owns 15,826 shares in the company, valued at approximately $551,694.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Charles E. Brock sold 9,587 shares of the business’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $39.22, for a total transaction of $376,002.14. Following the transaction, the director now owns 44,229 shares in the company, valued at $1,734,661.38. The disclosure for this sale can be found here. Insiders acquired a total of 61,000 shares of company stock worth $2,609,100 over the last quarter. Company insiders own 2.98% of the company’s stock.
Pinnacle Financial Partners Company Profile
Pinnacle Financial Partners, Inc operates as a bank holding company for Pinnacle Bank that provides various banking products and services in the United States. The company accepts various deposits, including savings, checking, interest-bearing checking, money market, and certificate of deposit accounts.
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