Pinnacle Financial Partners (NASDAQ:PNFP) issued its quarterly earnings results on Monday. The financial services provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.10 by $0.03, Bloomberg Earnings reports. The company had revenue of $218.60 million for the quarter, compared to the consensus estimate of $220.48 million. Pinnacle Financial Partners had a net margin of 22.27% and a return on equity of 7.24%. The firm’s revenue was up 83.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.83 EPS.

Pinnacle Financial Partners stock opened at $63.95 on Tuesday. The stock has a market capitalization of $4,988.66, a price-to-earnings ratio of 17.91, a P/E/G ratio of 0.97 and a beta of 1.04. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.00 and a quick ratio of 0.99. Pinnacle Financial Partners has a 1 year low of $58.40 and a 1 year high of $70.30.

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In other Pinnacle Financial Partners news, Vice Chairman Ronald L. Samuel sold 3,000 shares of the business’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $63.47, for a total value of $190,410.00. Following the completion of the sale, the insider now directly owns 46,794 shares of the company’s stock, valued at approximately $2,970,015.18. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO M Terry Turner sold 33,065 shares of the business’s stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $67.67, for a total transaction of $2,237,508.55. Following the completion of the sale, the chief executive officer now directly owns 409,657 shares of the company’s stock, valued at $27,721,489.19. The disclosure for this sale can be found here. Over the last three months, insiders sold 102,711 shares of company stock valued at $6,908,315. 3.39% of the stock is owned by corporate insiders.

Several equities analysts recently commented on the stock. Keefe, Bruyette & Woods upgraded shares of Pinnacle Financial Partners from a “market perform” rating to an “outperform” rating in a report on Friday, February 16th. BidaskClub upgraded shares of Pinnacle Financial Partners from a “strong sell” rating to a “sell” rating in a report on Saturday, February 3rd. Zacks Investment Research downgraded shares of Pinnacle Financial Partners from a “buy” rating to a “hold” rating in a report on Thursday, April 5th. Sandler O’Neill set a $76.00 price target on shares of Pinnacle Financial Partners and gave the company a “buy” rating in a report on Thursday, January 18th. Finally, Raymond James Financial upgraded shares of Pinnacle Financial Partners from a “market perform” rating to an “outperform” rating in a report on Tuesday, April 10th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $73.13.

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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.

Earnings History for Pinnacle Financial Partners (NASDAQ:PNFP)

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