Pinnacle Financial Partners (PNFP) Issues Quarterly Earnings Results, Beats Estimates By $0.03 EPS
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.
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.
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.
Receive News & Ratings for Pinnacle Financial Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pinnacle Financial Partners and related companies with MarketBeat.com's FREE daily email newsletter.