The price of Pinnacle Financial Partners Inc. (NASDAQ: PNFP) closed at $80.90 in the last session, down -2.20% from day before closing price of $82.72. In other words, the price has decreased by -$1.82 from its previous closing price. On the day, 504576 shares were traded.
Ratios:
We take a closer look at PNFP’s different ratios to gain a better understanding of the stock. In the meantime, Its Debt-to-Equity ratio is 0.51 whereas as Long-Term Debt/Eq ratio is at 0.47.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Citigroup on December 01, 2023, initiated with a Buy rating and assigned the stock a target price of $86.
On October 10, 2023, Jefferies Upgraded its rating to Hold which previously was Underperform but kept the price unchanged to $71.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 01 when CALLICUTT RICHARD D II sold 18,976 shares for $80.37 per share. The transaction valued at 1,525,063 led to the insider holds 83,303 shares of the business.
MCCABE ROBERT A JR sold 6,331 shares of PNFP for $553,519 on Jan 23. The CHAIRMAN now owns 202,699 shares after completing the transaction at $87.43 per share. On Dec 14, another insider, CARPENTER HAROLD R, who serves as the EVP & CFO of the company, sold 2,431 shares for $87.72 each. As a result, the insider received 213,243 and left with 45,716 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PNFP now has a Market Capitalization of 6.23B. As of this moment, Pinnacle’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.27, and their Forward P/E ratio for the next fiscal year is 10.12. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.35. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.38 while its Price-to-Book (P/B) ratio in mrq is 1.07.
Stock Price History:
Over the past 52 weeks, PNFP has reached a high of $92.33, while it has fallen to a 52-week low of $43.31. The 50-Day Moving Average of the stock is 84.98, while the 200-Day Moving Average is calculated to be 70.41.
Shares Statistics:
According to the various share statistics, PNFP traded on average about 501.58K shares per day over the past 3-months and 327.71k shares per day over the past 10 days. A total of 76.77M shares are outstanding, with a floating share count of 75.10M. Insiders hold about 2.39% of the company’s shares, while institutions hold 87.97% stake in the company. Shares short for PNFP as of Feb 15, 2024 were 1.8M with a Short Ratio of 3.58, compared to 1.83M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.34% and a Short% of Float of 2.39%.
Dividends & Splits
The forward annual dividend rate for PNFP is 0.88, which was 0.88 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 1.06%, it implies a Forward Annual Dividend Yield of 1.09%. The stock’s 5-year Average Dividend Yield is 1.12. The current Payout Ratio is 12.33% for PNFP, which recently paid a dividend on Feb 23, 2024 with an ex-dividend date of Feb 01, 2024. Stock splits for the company last occurred on May 11, 2004 when the company split stock in a 2:1 ratio.
Earnings Estimates
The company has 12 analysts who recommend its stock at the moment. On average, analysts expect EPS of $1.56 for the current quarter, with a high estimate of $1.63 and a low estimate of $1.47, while EPS last year was $1.76. The consensus estimate for the next quarter is $1.61, with high estimates of $1.68 and low estimates of $1.47.
Analysts are recommending an EPS of between $7.16 and $6.26 for the fiscal current year, implying an average EPS of $6.8. EPS for the following year is $7.99, with 12 analysts recommending between $8.3 and $7.8.
Revenue Estimates
A total of 11 analysts have provided revenue estimates for PNFP’s current fiscal year. The highest revenue estimate was $1.85B, while the lowest revenue estimate was $1.7B, resulting in an average revenue estimate of $1.8B. In the same quarter a year ago, actual revenue was $1.7B, up 6.10% from the average estimate. Based on 11 analysts’ estimates, the company’s revenue will be $2.04B in the next fiscal year. The high estimate is $2.09B and the low estimate is $1.95B. The average revenue growth estimate for next year is up 13.30% from the average revenue estimate for this year.
