Pinnacle Financial Partners (PNFP) Releases Earnings Results, Beats Estimates By $0.02 EPS

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.

In other news, Vice Chairman Ronald L. Samuel sold 1,600 shares of the stock in a transaction dated Tuesday, September 25th. The stock was sold at an average price of $63.49, for a total value of $101,584.00. Following the completion of the sale, the insider now owns 27,975 shares in the company, valued at $1,776,132.75. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last quarter, insiders sold 4,800 shares of company stock valued at $304,960. Insiders own 3.39% 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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Earnings History for Pinnacle Financial Partners (NASDAQ:PNFP)

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