De Lisle Partners LLP Invests $593,000 in Pinnacle Financial Partners, Inc. $PNFP

De Lisle Partners LLP acquired a new position in shares of Pinnacle Financial Partners, Inc. (NYSE:PNFP) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 5,874 shares of the company’s stock, valued at approximately $593,000.

A number of other institutional investors and hedge funds have also bought and sold shares of PNFP. Northwestern Mutual Wealth Management Co. grew its position in shares of Pinnacle Financial Partners by 1.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 7,377 shares of the company’s stock worth $704,000 after buying an additional 116 shares in the last quarter. Villanova Investment Management Co LLC raised its holdings in shares of Pinnacle Financial Partners by 0.4% in the fourth quarter. Villanova Investment Management Co LLC now owns 28,511 shares of the company’s stock valued at $2,720,000 after acquiring an additional 118 shares in the last quarter. Simplicity Wealth LLC lifted its stake in Pinnacle Financial Partners by 1.5% in the first quarter. Simplicity Wealth LLC now owns 9,155 shares of the company’s stock worth $789,000 after acquiring an additional 131 shares during the period. Graham Capital Management L.P. grew its holdings in Pinnacle Financial Partners by 0.7% during the 4th quarter. Graham Capital Management L.P. now owns 22,169 shares of the company’s stock worth $2,115,000 after acquiring an additional 146 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in Pinnacle Financial Partners by 3.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,097 shares of the company’s stock valued at $486,000 after purchasing an additional 158 shares during the period. 87.40% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Pinnacle Financial Partners news, insider M Terry Turner sold 66,783 shares of Pinnacle Financial Partners stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $108.01, for a total transaction of $7,213,231.83. Following the completion of the sale, the insider directly owned 302,230 shares in the company, valued at approximately $32,643,862.30. The trade was a 18.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Robert A. Mccabe, Jr. purchased 10,013 shares of the stock in a transaction that occurred on Friday, July 24th. The shares were purchased at an average cost of $99.90 per share, for a total transaction of $1,000,298.70. Following the completion of the acquisition, the insider directly owned 324,233 shares of the company’s stock, valued at $32,390,876.70. This represents a 3.19% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold a total of 177,228 shares of company stock valued at $19,153,713 over the last three months. 1.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Weiss Ratings raised shares of Pinnacle Financial Partners from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, June 26th. Evercore reissued an “outperform” rating and issued a $120.00 price target on shares of Pinnacle Financial Partners in a research report on Monday, July 6th. TD Cowen raised their price objective on Pinnacle Financial Partners from $116.00 to $119.00 and gave the company a “buy” rating in a research report on Monday, July 27th. DA Davidson boosted their target price on shares of Pinnacle Financial Partners from $109.00 to $112.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Finally, Wells Fargo & Company raised their target price on shares of Pinnacle Financial Partners from $111.00 to $118.00 and gave the company an “equal weight” rating in a research note on Monday, August 10th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Pinnacle Financial Partners has an average rating of “Moderate Buy” and a consensus target price of $118.35.

Pinnacle Financial Partners Stock Up 0.1%

Shares of Pinnacle Financial Partners stock opened at $102.37 on Monday. The firm has a 50 day moving average of $101.63. The stock has a market cap of $7.94 billion, a price-to-earnings ratio of 14.06, a P/E/G ratio of 0.41 and a beta of 1.03. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.73. Pinnacle Financial Partners, Inc. has a 52 week low of $81.08 and a 52 week high of $110.33.

Pinnacle Financial Partners (NYSE:PNFP) last issued its earnings results on Wednesday, July 22nd. The company reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.46 by $0.04. Pinnacle Financial Partners had a return on equity of 10.93% and a net margin of 15.40%.The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.24 billion. As a group, research analysts anticipate that Pinnacle Financial Partners, Inc. will post 10.19 earnings per share for the current fiscal year.

Pinnacle Financial Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 7th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.0%. The ex-dividend date is Friday, August 7th. Pinnacle Financial Partners’s dividend payout ratio is 27.47%.

About Pinnacle Financial Partners

Pinnacle Financial Partners (NYSE: PNFP) is a bank holding company headquartered in Nashville, Tennessee, that provides a broad range of commercial and consumer banking services. Founded in 2000, the company operates through a network of banking offices and digital channels to serve individuals, small and middle-market businesses, and institutional clients. Pinnacle’s business model emphasizes relationship-based banking and tailored financial solutions for commercial borrowers and deposit customers.

The company’s product and service offerings include commercial and residential lending, treasury and payment solutions, deposit accounts, mortgage services, and cash management.