Pinnacle Financial Partners Inc. (NASDAQ:PNFP) saw an uptick in trading volume on Tuesday . 352,133 shares were traded during trading, an increase of 2% from the previous session’s volume of 344,451 shares.The stock last traded at $52.41 and had previously closed at $50.24.

A number of research firms recently issued reports on PNFP. Piper Jaffray Cos. raised shares of Pinnacle Financial Partners from a “neutral” rating to an “overweight” rating and upped their price target for the company from $51.00 to $60.00 in a research note on Tuesday. Zacks Investment Research cut shares of Pinnacle Financial Partners from a “buy” rating to a “hold” rating in a research report on Saturday. Sandler O’Neill upgraded shares of Pinnacle Financial Partners to a “buy” rating and boosted their price objective for the company from $33.00 to $36.50 in a research report on Monday, March 28th. Finally, Keefe, Bruyette & Woods upgraded shares of Pinnacle Financial Partners from a “market perform” rating to an “outperform” rating in a research report on Monday, March 28th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Pinnacle Financial Partners presently has a consensus rating of “Buy” and an average price target of $52.64.

The company has a market cap of $2.17 billion and a PE ratio of 20.41. The company has a 50-day moving average price of $49.03 and a 200-day moving average price of $48.51.

Pinnacle Financial Partners (NASDAQ:PNFP) last released its quarterly earnings results on Monday, April 18th. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.71. On average, equities analysts predict that Pinnacle Financial Partners Inc. will post $3.05 EPS for the current year.

In other Pinnacle Financial Partners news, Director William H. Iv Huddleston sold 2,000 shares of the firm’s stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $50.21, for a total value of $100,420.00. Following the transaction, the director now owns 75,906 shares in the company, valued at approximately $3,811,240.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Other hedge funds and institutional investors recently bought and sold shares of the company. Nationwide Fund Advisors raised its position in Pinnacle Financial Partners by 4.8% in the fourth quarter. Nationwide Fund Advisors now owns 115,359 shares of the financial services provider’s stock valued at $5,925,000 after buying an additional 5,335 shares in the last quarter. California State Teachers Retirement System raised its position in Pinnacle Financial Partners by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 66,458 shares of the financial services provider’s stock valued at $3,413,000 after buying an additional 1,035 shares in the last quarter. First Trust Advisors LP raised its position in Pinnacle Financial Partners by 18.3% in the fourth quarter. First Trust Advisors LP now owns 84,834 shares of the financial services provider’s stock valued at $4,357,000 after buying an additional 13,135 shares in the last quarter. Rhumbline Advisers raised its position in Pinnacle Financial Partners by 4.5% in the fourth quarter. Rhumbline Advisers now owns 62,775 shares of the financial services provider’s stock valued at $3,224,000 after buying an additional 2,715 shares in the last quarter. Finally, Comerica Bank raised its position in Pinnacle Financial Partners by 4.9% in the fourth quarter. Comerica Bank now owns 36,089 shares of the financial services provider’s stock valued at $1,708,000 after buying an additional 1,691 shares in the last quarter.

Pinnacle Financial Partners, Inc (Pinnacle) is a bank holding company. Pinnacle operates through its wholly owned subsidiary, Pinnacle Bank. The Company 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 products and services, such as investments and treasury management, offered by large regional and national banks.

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