Pinnacle Financial Partners (NASDAQ:PNFP) CFO Acquires $94,520.00 in Stock

Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) CFO Andrew Jr. Gregory acquired 1,000 shares of the stock in a transaction that occurred on Thursday, February 12th. The shares were bought at an average cost of $94.52 per share, with a total value of $94,520.00. Following the transaction, the chief financial officer directly owned 49,485 shares in the company, valued at $4,677,322.20. This trade represents a 2.06% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Pinnacle Financial Partners Stock Up 1.1%

NASDAQ:PNFP opened at $96.19 on Monday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.33. The stock’s fifty day moving average is $98.28 and its two-hundred day moving average is $93.98. Pinnacle Financial Partners, Inc. has a 52 week low of $81.57 and a 52 week high of $122.01. The stock has a market capitalization of $7.46 billion, a price-to-earnings ratio of 12.22, a price-to-earnings-growth ratio of 0.48 and a beta of 1.03.

Pinnacle Financial Partners Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 6th will be issued a $0.50 dividend. The ex-dividend date is Friday, February 6th. Pinnacle Financial Partners’s payout ratio is 24.72%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on PNFP shares. Citigroup raised their price target on shares of Pinnacle Financial Partners from $118.00 to $122.00 and gave the company a “buy” rating in a research report on Monday, January 26th. Royal Bank Of Canada upgraded Pinnacle Financial Partners to a “moderate buy” rating in a research note on Monday, January 5th. Evercore ISI reiterated an “outperform” rating on shares of Pinnacle Financial Partners in a report on Thursday, February 5th. Barclays boosted their target price on Pinnacle Financial Partners from $125.00 to $135.00 and gave the stock an “overweight” rating in a research note on Friday, December 19th. Finally, Bank of America assumed coverage on Pinnacle Financial Partners in a research report on Monday, December 8th. They issued a “buy” rating and a $113.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Pinnacle Financial Partners presently has an average rating of “Moderate Buy” and an average price target of $113.41.

Institutional Investors Weigh In On Pinnacle Financial Partners

Several institutional investors have recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. acquired a new stake in Pinnacle Financial Partners during the third quarter worth approximately $26,000. High Point Wealth Management LLC acquired a new stake in Pinnacle Financial Partners during the 4th quarter worth $27,000. BOKF NA lifted its position in Pinnacle Financial Partners by 1,204.5% in the third quarter. BOKF NA now owns 287 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 265 shares during the last quarter. Activest Wealth Management purchased a new stake in Pinnacle Financial Partners in the fourth quarter valued at $28,000. Finally, Covestor Ltd boosted its stake in Pinnacle Financial Partners by 193.9% in the third quarter. Covestor Ltd now owns 338 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 223 shares in the last quarter. Hedge funds and other institutional investors own 87.40% of the company’s stock.

Pinnacle Financial Partners Company Profile

Pinnacle Financial Partners, Inc (NASDAQ: PNFP) is a financial services company headquartered in Nashville, Tennessee, that provides banking, wealth management and insurance solutions to business and consumer clients. The company operates through two primary segments—Banking and Wealth Management & Advisory—offering a comprehensive suite of products that includes commercial and consumer lending, deposit services, treasury management, trust and investment advisory, and insurance brokerage. Pinnacle’s client-focused model emphasizes relationship-based banking, leveraging local decision-making authority and specialized industry expertise to serve diverse sectors such as healthcare, technology, real estate and professional services.

In its banking segment, Pinnacle delivers commercial and consumer loans, lines of credit, equipment financing, and mortgage lending.