Pinnacle Financial Partners (NASDAQ:PNFP) reached a new 52-week low on Monday . The stock traded as low as $47.30 and last traded at $48.02, with a volume of 249622 shares trading hands. The stock had previously closed at $47.66.

PNFP has been the subject of several research analyst reports. Stephens reissued a “buy” rating and issued a $74.00 price objective on shares of Pinnacle Financial Partners in a report on Wednesday, October 3rd. Wells Fargo & Co set a $72.00 price objective on Pinnacle Financial Partners and gave the company a “buy” rating in a report on Tuesday, October 2nd. SunTrust Banks cut their price target on Pinnacle Financial Partners to $65.00 and set a “buy” rating for the company in a research note on Thursday, October 18th. TheStreet cut Pinnacle Financial Partners from a “b-” rating to a “c” rating in a research note on Thursday, November 15th. Finally, BidaskClub cut Pinnacle Financial Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, August 29th. Three equities research analysts have rated the stock with a sell rating and nine have given a buy rating to the stock. Pinnacle Financial Partners has a consensus rating of “Buy” and a consensus price target of $70.00.

The company has a debt-to-equity ratio of 0.51, a current ratio of 0.97 and a quick ratio of 0.97. The company has a market capitalization of $3.71 billion, a P/E ratio of 13.30, a P/E/G ratio of 0.72 and a beta of 1.13.

Pinnacle Financial Partners (NASDAQ:PNFP) last released its quarterly earnings results on Tuesday, October 16th. The financial services provider reported $1.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.02. Pinnacle Financial Partners had a return on equity of 9.09% and a net margin of 26.97%. The business had revenue of $240.90 million during the quarter, compared to analysts’ expectations of $236.67 million. During the same quarter in the prior year, the business earned $0.90 earnings per share. Analysts forecast that Pinnacle Financial Partners will post 4.72 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, November 30th. Stockholders of record on Friday, November 2nd were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.35%. The ex-dividend date was Thursday, November 1st. This is a boost from Pinnacle Financial Partners’s previous quarterly dividend of $0.14. Pinnacle Financial Partners’s dividend payout ratio is 17.93%.

In other news, Vice Chairman Ronald L. Samuel sold 1,600 shares of the company’s stock in a transaction that occurred on Tuesday, November 27th. The stock was sold at an average price of $55.96, for a total transaction of $89,536.00. Following the completion of the sale, the insider now owns 26,375 shares in the company, valued at $1,475,945. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.39% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund raised its position in Pinnacle Financial Partners by 3.0% in the second quarter. Oregon Public Employees Retirement Fund now owns 28,958 shares of the financial services provider’s stock worth $1,777,000 after acquiring an additional 832 shares in the last quarter. Envestnet Asset Management Inc. raised its position in Pinnacle Financial Partners by 17.9% in the second quarter. Envestnet Asset Management Inc. now owns 5,758 shares of the financial services provider’s stock worth $353,000 after acquiring an additional 875 shares in the last quarter. Thrivent Financial for Lutherans raised its position in Pinnacle Financial Partners by 5.8% in the third quarter. Thrivent Financial for Lutherans now owns 17,831 shares of the financial services provider’s stock worth $1,073,000 after acquiring an additional 976 shares in the last quarter. Xact Kapitalforvaltning AB raised its position in Pinnacle Financial Partners by 9.9% in the third quarter. Xact Kapitalforvaltning AB now owns 11,095 shares of the financial services provider’s stock worth $667,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Bank of Montreal Can raised its position in Pinnacle Financial Partners by 15.2% in the second quarter. Bank of Montreal Can now owns 7,856 shares of the financial services provider’s stock worth $482,000 after acquiring an additional 1,037 shares in the last quarter. Hedge funds and other institutional investors own 79.24% of the company’s stock.

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About Pinnacle Financial Partners (NASDAQ:PNFP)

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.

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