November 28, 2016 - By olga
An insider Ronald Samuel who is Vice Chairman of Pinnacle Financial Partners Inc unloaded 5,000 shares of the public firm worth approx. $327,950 U.S. Dollars estimated based on $65.6 for each share. Ronald Samuel presently has in hand 72,294 shares which make up about 0.16% of the Tennessee-Company’s market cap. This insider trade, was conducted on November 28, 2016. It’s on hand at the SEC’s website and can be accessed at this page.
Out of 11 analysts covering Pinnacle Financial Partners (NASDAQ:PNFP), 3 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 27% are positive. $62 is the highest target while $51 is the lowest. The $55 average target is -13.79% below today’s ($63.8) stock price. Pinnacle Financial Partners has been the topic of 15 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The firm has “Overweight” rating by Stephens given on Friday, January 29. Piper Jaffray initiated it with “Neutral” rating and $53 target price in Monday, August 24 report. Keefe Bruyette & Woods upgraded Pinnacle Financial Partners (NASDAQ:PNFP) on Friday, September 11 to “Outperform” rating. The firm has “Sector Perform” rating by Portales Partners given on Wednesday, July 22. The stock of Pinnacle Financial Partners (NASDAQ:PNFP) earned “Outperform” rating by Wood on Friday, September 11. On Thursday, July 23 the stock rating was downgraded by Bruyette & Woods” to “Mkt Perform”. As per Thursday, October 20, the company rating was downgraded by Keefe Bruyette & Woods. Hovde Group upgraded Pinnacle Financial Partners (NASDAQ:PNFP) rating on Monday, January 25. Hovde Group has “Market Perform” rating and $51 price target. The stock of Pinnacle Financial Partners (NASDAQ:PNFP) earned “Market Perform” rating by Wood on Thursday, July 23. FIG Partners downgraded the shares of PNFP in a report on Monday, July 27 to “Market Perform” rating.
Insitutional Activity: The institutional sentiment increased to 1.87 in 2016 Q2. Its up 0.24, from 1.63 in 2016Q1. The ratio is positive, as 14 funds sold all Pinnacle Financial Partners shares owned while 43 reduced positions. 16 funds bought stakes while 77 increased positions. They now own 29.14 million shares or 0.44% less from 29.27 million shares in 2016Q1.
Envestnet Asset Mgmt accumulated 6,342 shares or 0% of the stock. Forest Hill Lc holds 2.89% of its portfolio in Pinnacle Financial Partners (NASDAQ:PNFP) for 441,803 shares. The Texas-based Teacher Retirement Systems Of Texas has invested 0% in Pinnacle Financial Partners (NASDAQ:PNFP). Comerica National Bank accumulated 38,800 shares or 0.02% of the stock. Emerald Mutual Fund Advisers has 133,412 shares for 0.37% of their US portfolio. Ubs Asset Mngmt Americas accumulated 144,286 shares or 0.01% of the stock. Sheets Smith Wealth Mgmt last reported 0.09% of its portfolio in the stock. Glenmede Tru Communications Na holds 2,938 shares or 0% of its portfolio. State Board Of Administration Of Florida Retirement reported 22,506 shares or 0% of all its holdings. Credit Suisse Ag holds 0% or 34,142 shares in its portfolio. Jpmorgan Chase Co holds 144,272 shares or 0% of its portfolio. Employees Retirement System Of Texas has 0.01% invested in the company for 18,000 shares. Moreover, Atlanta Capital L L C has 0.19% invested in Pinnacle Financial Partners (NASDAQ:PNFP) for 581,836 shares. Deutsche Commercial Bank Ag has invested 0% of its portfolio in Pinnacle Financial Partners (NASDAQ:PNFP). Texas Permanent School Fund has 29,611 shares for 0.02% of their US portfolio.
Insider Transactions: Since June 7, 2016, the stock had 0 insider purchases, and 6 sales for $3.10 million net activity. 5,889 shares were sold by CARPENTER HAROLD R, worth $359,523. HUDDLESTON WILLIAM H IV also sold $100,420 worth of Pinnacle Financial Partners (NASDAQ:PNFP) on Tuesday, June 7. The insider LOUGHRY ED C JR sold $92,190. MCCABE ROBERT A JR had sold 18,333 shares worth $1.15M. QUEENER HUGH M sold $460,865 worth of stock.
The stock decreased 2.22% or $1.45 during the last trading session, hitting $63.8. About 214,158 shares traded hands. Pinnacle Financial Partners (NASDAQ:PNFP) has risen 30.24% since April 25, 2016 and is uptrending. It has outperformed by 24.23% the S&P500.
Pinnacle Financial Partners, Inc. is a bank holding company. The company has a market cap of $2.94 billion. Pinnacle operates through its subsidiary, Pinnacle Bank. It has a 22.97 P/E ratio. The Firm operates as a community bank primarily in the urban markets of Nashville and Knoxville, Tennessee.
According to Zacks Investment Research, “Pinnacle Financial Partners, Inc. is a bank holding company which owns 100% of the capital stock of Pinnacle National Bank, a national bank operating in the Nashville, Tennessee metropolitan area.”
Analysts await Pinnacle Financial Partners (NASDAQ:PNFP) to report earnings on January, 17. They expect $0.82 earnings per share, up 18.84% or $0.13 from last year’s $0.69 per share. PNFP’s profit will be $37.79 million for 19.45 P/E if the $0.82 EPS becomes a reality. After $0.78 actual earnings per share reported by Pinnacle Financial Partners for the previous quarter, Wall Street now forecasts 5.13% EPS growth.
More important recent Pinnacle Financial Partners (NASDAQ:PNFP) news were published by: Nasdaq.com which released: “Pinnacle Financial Partners Reaches Analyst Target Price” on November 14, 2016, also Nasdaq.com published article titled: “Pinnacle Financial Partners Enters Oversold Territory”, Bizjournals.com published: “Best Places to Work finalist: Pinnacle Financial Partners” on October 25, 2016. More interesting news about Pinnacle Financial Partners (NASDAQ:PNFP) was released by: Nasdaq.com and their article: “Ex-Dividend Reminder: Capitol Federal Financial, Pinnacle Financial Partners ..” with publication date: October 31, 2016.
Pinnacle Financial Partners, Inc. (Pinnacle), incorporated on February 28, 2000, is a bank holding company. Pinnacle operates through its subsidiary, Pinnacle Bank. The Firm operates as a community bank primarily in the urban markets of Nashville and Knoxville, Tennessee. As an urban community bank, Pinnacle provides the personalized service associated with small community banks, while seeking to offer the services and products, such as investments and treasury management, offered by large regional and national banks. Pinnacle Bank offers an array of convenience-centered services and products, including round the clock telephone and Internet banking, mobile banking, debit and credit cards, direct deposit, remote deposit and cash management services for small- to medium-sized businesses. In addition, Pinnacle Bank is associated with a network of automated teller machines of other financial institutions that its clients are able to use throughout Tennessee and other regions across the nation.
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