Pinnacle Financial Partners Inc. (NASDAQ:PNFP) shares saw strong trading volume on Tuesday . 352,133 shares changed hands 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.

PNFP has been the topic of several research analyst reports. Zacks Investment Research cut shares of Pinnacle Financial Partners from a “buy” rating to a “hold” rating in a research report on Saturday, July 9th. Piper Jaffray Cos. raised shares of Pinnacle Financial Partners from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $51.00 to $60.00 in a research report on Tuesday. Sandler O’Neill raised shares of Pinnacle Financial Partners to a “buy” rating and increased their price target for the stock from $33.00 to $36.50 in a research report on Monday, March 28th. Finally, Keefe, Bruyette & Woods raised shares of Pinnacle Financial Partners from a “market perform” rating to an “outperform” rating in a research report on Monday, March 28th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Pinnacle Financial Partners currently has a consensus rating of “Buy” and an average target price of $52.64.

The stock has a 50-day moving average price of $49.12 and a 200 day moving average price of $48.54. The firm has a market cap of $2.21 billion and a PE ratio of 20.80.

Pinnacle Financial Partners (NASDAQ:PNFP) last announced its earnings results on Monday, April 18th. The financial services provider reported $0.71 EPS for the quarter, hitting the consensus estimate of $0.71. Equities analysts expect that Pinnacle Financial Partners Inc. will post $3.05 EPS for the current fiscal year.

In related news, Director William H. Iv Huddleston sold 2,000 shares of Pinnacle Financial Partners stock in a transaction on Tuesday, June 7th. The shares were 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 accessible through this hyperlink.

Several hedge funds and institutional investors recently bought and sold shares of the company. Jennison Associates LLC increased its position in Pinnacle Financial Partners by 9.0% in the fourth quarter. Jennison Associates LLC now owns 1,507,975 shares of the financial services provider’s stock valued at $77,450,000 after buying an additional 123,944 shares during the last quarter. OppenheimerFunds Inc. increased its position in Pinnacle Financial Partners by 13.1% in the fourth quarter. OppenheimerFunds Inc. now owns 386,430 shares of the financial services provider’s stock valued at $19,847,000 after buying an additional 44,700 shares during the last quarter. Wells Fargo & Company MN increased its position in Pinnacle Financial Partners by 15.1% in the fourth quarter. Wells Fargo & Company MN now owns 255,462 shares of the financial services provider’s stock valued at $13,120,000 after buying an additional 33,593 shares during the last quarter. Principal Financial Group Inc. increased its position in Pinnacle Financial Partners by 7.7% in the fourth quarter. Principal Financial Group Inc. now owns 236,121 shares of the financial services provider’s stock valued at $12,127,000 after buying an additional 16,790 shares during the last quarter. Finally, New York State Common Retirement Fund increased its position in Pinnacle Financial Partners by 29.0% in the fourth quarter. New York State Common Retirement Fund now owns 129,185 shares of the financial services provider’s stock valued at $6,635,000 after buying an additional 29,061 shares during 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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