Pinnacle Financial Partners (NASDAQ:PNFP) released its quarterly earnings data on Tuesday. The financial services provider reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.02, MarketWatch Earnings reports. Pinnacle Financial Partners had a return on equity of 8.59% and a net margin of 25.54%. During the same period in the prior year, the business posted $0.90 EPS.
PNFP stock opened at $55.01 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 0.99 and a debt-to-equity ratio of 0.54. Pinnacle Financial Partners has a 1 year low of $54.23 and a 1 year high of $69.95. The stock has a market capitalization of $4.68 billion, a PE ratio of 15.41, a P/E/G ratio of 0.91 and a beta of 1.02.
A number of equities research analysts have recently issued reports on PNFP shares. ValuEngine upgraded Pinnacle Financial Partners from a “sell” rating to a “hold” rating in a research note on Thursday, June 21st. BidaskClub upgraded Pinnacle Financial Partners from a “hold” rating to a “buy” rating in a research note on Saturday, August 18th. Zacks Investment Research lowered Pinnacle Financial Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, September 25th. Hovde Group reiterated an “outperform” rating on shares of Pinnacle Financial Partners in a research note on Thursday, July 5th. Finally, Stephens reiterated a “buy” rating and issued a $74.00 target price on shares of Pinnacle Financial Partners in a research note on Wednesday, October 3rd. Three investment analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $72.00.
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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