GSA Capital Partners LLP Makes New $839,000 Investment in Pinnacle Financial Partners, Inc. $PNFP

GSA Capital Partners LLP purchased a new stake in Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) in the 3rd quarter, according to its most recent filing with the SEC. The fund purchased 8,941 shares of the financial services provider’s stock, valued at approximately $839,000.

A number of other large investors also recently made changes to their positions in the business. Norges Bank purchased a new stake in shares of Pinnacle Financial Partners in the second quarter valued at $113,461,000. Balyasny Asset Management L.P. lifted its position in Pinnacle Financial Partners by 1,036.4% during the second quarter. Balyasny Asset Management L.P. now owns 297,181 shares of the financial services provider’s stock worth $32,812,000 after buying an additional 271,029 shares during the period. Impax Asset Management Group plc boosted its stake in Pinnacle Financial Partners by 248.2% in the 3rd quarter. Impax Asset Management Group plc now owns 348,237 shares of the financial services provider’s stock worth $32,661,000 after buying an additional 248,237 shares during the last quarter. Westwood Holdings Group Inc. purchased a new stake in Pinnacle Financial Partners in the 2nd quarter valued at about $20,932,000. Finally, Sei Investments Co. increased its stake in shares of Pinnacle Financial Partners by 82.7% during the 2nd quarter. Sei Investments Co. now owns 376,762 shares of the financial services provider’s stock valued at $41,598,000 after acquiring an additional 170,536 shares during the last quarter. Hedge funds and other institutional investors own 87.40% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on PNFP shares. Keefe, Bruyette & Woods raised their target price on shares of Pinnacle Financial Partners from $95.00 to $100.00 and gave the stock a “market perform” rating in a research report on Friday, January 9th. JPMorgan Chase & Co. lifted their price target on shares of Pinnacle Financial Partners from $110.00 to $125.00 and gave the company an “overweight” rating in a report on Tuesday, December 16th. Bank of America began coverage on Pinnacle Financial Partners in a report on Monday, December 8th. They set a “buy” rating and a $113.00 price objective for the company. Raymond James Financial reiterated a “strong-buy” rating on shares of Pinnacle Financial Partners in a report on Thursday, January 22nd. Finally, Piper Sandler upped their price target on Pinnacle Financial Partners from $120.00 to $122.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Pinnacle Financial Partners presently has a consensus rating of “Moderate Buy” and an average price target of $113.41.

Insider Activity at Pinnacle Financial Partners

In other news, CFO Andrew J. Jr. Gregory purchased 1,000 shares of the stock in a transaction dated Thursday, February 12th. The stock was acquired at an average cost of $94.52 per share, for a total transaction of $94,520.00. Following the acquisition, the chief financial officer owned 49,485 shares of the company’s stock, valued at $4,677,322.20. The trade was a 2.06% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Robert A. Mccabe, Jr. sold 6,775 shares of the company’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $93.00, for a total value of $630,075.00. Following the sale, the chairman directly owned 202,505 shares in the company, valued at approximately $18,832,965. This represents a 3.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.46% of the stock is currently owned by company insiders.

Pinnacle Financial Partners Trading Up 1.9%

PNFP opened at $101.06 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.89 and a quick ratio of 0.89. Pinnacle Financial Partners, Inc. has a 12-month low of $81.57 and a 12-month high of $120.46. The firm’s fifty day moving average price is $98.22 and its 200 day moving average price is $94.28. The stock has a market capitalization of $7.84 billion, a PE ratio of 12.84, a P/E/G ratio of 0.48 and a beta of 1.03.

Pinnacle Financial Partners Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 6th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, February 6th. Pinnacle Financial Partners’s dividend payout ratio (DPR) is currently 24.72%.

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.