Wealth Enhancement Advisory Services LLC Purchases 23,292 Shares of Pinnacle Financial Partners, Inc. $PNFP

Wealth Enhancement Advisory Services LLC grew its position in shares of Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) by 97.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 47,073 shares of the financial services provider’s stock after purchasing an additional 23,292 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 0.06% of Pinnacle Financial Partners worth $4,327,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Voya Investment Management LLC boosted its stake in shares of Pinnacle Financial Partners by 146.1% in the 3rd quarter. Voya Investment Management LLC now owns 25,183 shares of the financial services provider’s stock valued at $2,362,000 after purchasing an additional 14,951 shares in the last quarter. Advisors Capital Management LLC raised its position in Pinnacle Financial Partners by 10.5% in the 2nd quarter. Advisors Capital Management LLC now owns 34,233 shares of the financial services provider’s stock worth $3,780,000 after purchasing an additional 3,252 shares during the period. Sequoia Financial Advisors LLC bought a new stake in Pinnacle Financial Partners in the second quarter worth $297,000. Brighton Jones LLC bought a new stake in Pinnacle Financial Partners in the third quarter worth $1,062,000. Finally, Reliant Investment Management LLC purchased a new stake in Pinnacle Financial Partners during the third quarter valued at about $5,479,000. 87.40% of the stock is owned by hedge funds and other institutional investors.

Pinnacle Financial Partners Price Performance

Shares of Pinnacle Financial Partners stock opened at $95.86 on Tuesday. The business has a 50 day moving average of $96.48 and a 200 day moving average of $94.96. Pinnacle Financial Partners, Inc. has a 52 week low of $81.57 and a 52 week high of $127.85. The company has a market cap of $7.44 billion, a PE ratio of 12.18, a P/E/G ratio of 0.48 and a beta of 1.02. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.33.

Pinnacle Financial Partners Dividend Announcement

The business also recently announced 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 currently 11.87%.

Insider Buying and Selling at Pinnacle Financial Partners

In other Pinnacle Financial Partners news, Chairman Robert A. Mccabe, Jr. sold 6,775 shares of the firm’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $93.00, for a total value of $630,075.00. Following the completion of the sale, the chairman directly owned 202,505 shares in the company, valued at $18,832,965. This trade represents a 3.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.46% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on PNFP shares. DA Davidson began coverage on Pinnacle Financial Partners in a research note on Monday, January 5th. They issued a “neutral” rating and a $110.00 target price for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Pinnacle Financial Partners in a research note on Monday, December 29th. UBS Group reiterated a “neutral” rating and issued a $107.00 price objective on shares of Pinnacle Financial Partners in a research report on Tuesday, January 6th. Stephens cut their target price on shares of Pinnacle Financial Partners from $104.00 to $97.00 and set an “equal weight” rating on the stock in a report on Friday, October 17th. Finally, Royal Bank Of Canada raised shares of Pinnacle Financial Partners to a “moderate buy” rating in a research note on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.29.

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.