New York State Common Retirement Fund lifted its position in shares of Pinnacle Financial Partners, Inc. (NASDAQ:PNFP – Free Report) by 1.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 595,168 shares of the financial services provider’s stock after acquiring an additional 7,178 shares during the quarter. New York State Common Retirement Fund owned 0.78% of Pinnacle Financial Partners worth $51,911,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Emerald Advisers LLC purchased a new stake in shares of Pinnacle Financial Partners during the 3rd quarter worth about $27,000. Fifth Third Bancorp lifted its stake in Pinnacle Financial Partners by 101.4% in the 3rd quarter. Fifth Third Bancorp now owns 423 shares of the financial services provider’s stock valued at $28,000 after buying an additional 213 shares in the last quarter. Bruce G. Allen Investments LLC purchased a new position in Pinnacle Financial Partners in the 4th quarter valued at about $32,000. Nomura Asset Management Co. Ltd. lifted its stake in Pinnacle Financial Partners by 57.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 550 shares of the financial services provider’s stock valued at $37,000 after buying an additional 200 shares in the last quarter. Finally, CWM LLC lifted its stake in Pinnacle Financial Partners by 62.3% in the 4th quarter. CWM LLC now owns 865 shares of the financial services provider’s stock valued at $75,000 after buying an additional 332 shares in the last quarter. 87.40% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Pinnacle Financial Partners
In other news, CFO Harold R. Carpenter sold 6,306 shares of Pinnacle Financial Partners stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $82.22, for a total transaction of $518,479.32. Following the completion of the sale, the chief financial officer now directly owns 63,856 shares of the company’s stock, valued at approximately $5,250,240.32. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CFO Harold R. Carpenter sold 6,306 shares of Pinnacle Financial Partners stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $82.22, for a total transaction of $518,479.32. Following the completion of the sale, the chief financial officer now directly owns 63,856 shares of the company’s stock, valued at approximately $5,250,240.32. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO M Terry Turner sold 24,057 shares of Pinnacle Financial Partners stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $82.22, for a total transaction of $1,977,966.54. Following the sale, the chief executive officer now directly owns 294,790 shares of the company’s stock, valued at $24,237,633.80. The disclosure for this sale can be found here. Insiders sold 47,844 shares of company stock valued at $3,933,734 in the last 90 days. Company insiders own 1.87% of the company’s stock.
Analyst Ratings Changes
Check Out Our Latest Research Report on Pinnacle Financial Partners
Pinnacle Financial Partners Stock Performance
Shares of PNFP stock opened at $81.34 on Wednesday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.44. Pinnacle Financial Partners, Inc. has a 52 week low of $43.31 and a 52 week high of $92.33. The stock has a market capitalization of $6.27 billion, a PE ratio of 11.64 and a beta of 1.08. The firm has a 50 day moving average of $82.34 and a two-hundred day moving average of $79.15.
Pinnacle Financial Partners Profile
Pinnacle Financial Partners, Inc, together with its subsidiaries, operates as the bank holding company for Pinnacle Bank that provides various banking products and services to individuals, businesses, and professional entities in the United States. The company accepts various deposits, including savings, noninterest-bearing and interest-bearing checking, money market, and certificate of deposit accounts; and provides treasury management services, which includes online wire origination, enhanced ACH origination services, positive pay, zero balance and sweep accounts, automated bill pay services, electronic receivables processing, lockbox processing, and merchant card acceptance services.
See Also
- Five stocks we like better than Pinnacle Financial Partners
- How to invest in blue chip stocks
- The Bottom is in For Tesla: Read This Before Buying the Bounce
- 3 Must-Buy Warren Buffett Stocks for Volatile Times
- 3 Technologies to Challenge NAND Flash Dominance in AI
- 3 Healthcare Dividend Stocks to Buy
- Is Zoom Video Stock Getting Too Cheap to Pass Up?
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.