Vest Financial LLC Invests $1.38 Million in Pinnacle Financial Partners, Inc. $PNFP

Vest Financial LLC acquired a new stake in Pinnacle Financial Partners, Inc. (NASDAQ:PNFPFree Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 14,691 shares of the financial services provider’s stock, valued at approximately $1,378,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Jackson Thornton Wealth Management LLC bought a new stake in Pinnacle Financial Partners in the 3rd quarter valued at $394,000. Lee Danner & Bass Inc. raised its position in shares of Pinnacle Financial Partners by 2.2% during the third quarter. Lee Danner & Bass Inc. now owns 199,947 shares of the financial services provider’s stock valued at $18,753,000 after buying an additional 4,349 shares during the last quarter. NorthCrest Asset Manangement LLC bought a new stake in shares of Pinnacle Financial Partners in the third quarter valued at about $719,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Pinnacle Financial Partners by 97.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 47,073 shares of the financial services provider’s stock valued at $4,327,000 after buying an additional 23,292 shares during the period. Finally, Maryland State Retirement & Pension System grew its position in Pinnacle Financial Partners by 17.2% during the third quarter. Maryland State Retirement & Pension System now owns 4,150 shares of the financial services provider’s stock worth $389,000 after buying an additional 608 shares in the last quarter. Institutional investors own 87.40% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on PNFP shares. Wells Fargo & Company cut their price target on Pinnacle Financial Partners from $110.00 to $100.00 and set an “equal weight” rating for the company in a report on Friday, October 17th. Royal Bank Of Canada upgraded Pinnacle Financial Partners to a “moderate buy” rating in a research note on Monday, January 5th. Bank of America started coverage on shares of Pinnacle Financial Partners in a research note on Monday, December 8th. They set a “buy” rating and a $113.00 price target on the stock. Evercore Partners initiated coverage on shares of Pinnacle Financial Partners in a report on Tuesday, January 6th. They issued an “outperform” rating on the stock. Finally, Barclays raised their price objective on shares of Pinnacle Financial Partners from $125.00 to $135.00 and gave the stock an “overweight” rating in a report on Friday, December 19th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $113.18.

Get Our Latest Research Report on PNFP

Pinnacle Financial Partners Stock Down 0.5%

Shares of NASDAQ PNFP opened at $97.08 on Friday. Pinnacle Financial Partners, Inc. has a 52-week low of $81.57 and a 52-week high of $127.85. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.89 and a current ratio of 0.89. The business has a fifty day moving average of $96.25 and a two-hundred day moving average of $95.45. The stock has a market cap of $7.53 billion, a PE ratio of 12.34, a PEG ratio of 0.48 and a beta of 1.02.

Insider Transactions at Pinnacle Financial Partners

In other Pinnacle Financial Partners news, Chairman Robert A. Mccabe, Jr. sold 6,775 shares of the business’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $93.00, for a total value of $630,075.00. Following the transaction, the chairman directly owned 202,505 shares in the company, valued at $18,832,965. The trade was a 3.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.46% of the stock is owned by corporate insiders.

Pinnacle Financial Partners News Summary

Here are the key news stories impacting Pinnacle Financial Partners this week:

Pinnacle Financial Partners Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Pinnacle Financial Partners (NASDAQ:PNFP)

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