Shares of Pinnacle Financial Partners (NASDAQ:PNFP) have been given a consensus rating of “Hold” by the nine research firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $60.00.

A number of analysts have recently weighed in on the stock. Raymond James set a $8.00 price target on shares of Superior Energy Services and gave the stock a “buy” rating in a report on Wednesday, April 17th. BidaskClub downgraded shares of Zions Bancorporation NA from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 15th. Zacks Investment Research reissued a “hold” rating on shares of Western New England Bancorp in a research note on Saturday, June 29th. Finally, Stephens reissued a “hold” rating and issued a $63.00 price objective on shares of Pinnacle Financial Partners in a research note on Thursday.

In other Pinnacle Financial Partners news, Director Charles E. Brock sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $56.05, for a total value of $112,100.00. Following the completion of the transaction, the director now directly owns 36,304 shares in the company, valued at approximately $2,034,839.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Richard D. Callicutt II sold 4,035 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $59.01, for a total transaction of $238,105.35. Following the completion of the transaction, the chairman now owns 129,269 shares of the company’s stock, valued at $7,628,163.69. The disclosure for this sale can be found here. In the last three months, insiders sold 8,135 shares of company stock valued at $469,294. 2.97% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Private Capital Group LLC increased its position in Pinnacle Financial Partners by 76.6% in the 1st quarter. Private Capital Group LLC now owns 544 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 236 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Pinnacle Financial Partners in the 1st quarter valued at approximately $35,000. Valeo Financial Advisors LLC acquired a new position in Pinnacle Financial Partners in the 1st quarter valued at approximately $39,000. CENTRAL TRUST Co increased its position in Pinnacle Financial Partners by 376.7% in the 2nd quarter. CENTRAL TRUST Co now owns 715 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 565 shares during the period. Finally, Gradient Investments LLC acquired a new position in Pinnacle Financial Partners in the 2nd quarter valued at approximately $79,000. Hedge funds and other institutional investors own 80.53% of the company’s stock.

Shares of Pinnacle Financial Partners stock traded down $0.57 on Friday, reaching $58.82. 729,874 shares of the stock were exchanged, compared to its average volume of 458,353. The firm’s 50 day simple moving average is $56.26. Pinnacle Financial Partners has a one year low of $43.23 and a one year high of $66.54. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.00 and a current ratio of 0.99. The stock has a market cap of $4.57 billion, a price-to-earnings ratio of 12.41, a PEG ratio of 0.81 and a beta of 1.36.

Pinnacle Financial Partners (NASDAQ:PNFP) last issued its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $1.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.14. Pinnacle Financial Partners had a net margin of 30.46% and a return on equity of 9.82%. The company had revenue of $259.60 million during the quarter, compared to the consensus estimate of $252.44 million. During the same quarter in the prior year, the firm posted $1.15 EPS. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. As a group, research analysts predict that Pinnacle Financial Partners will post 5.27 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 2nd will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend is Thursday, August 1st. Pinnacle Financial Partners’s payout ratio is 13.50%.

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.

Read More: Outperform Rating

Analyst Recommendations for Pinnacle Financial Partners (NASDAQ:PNFP)

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.