The price of Pinnacle Financial Partners Inc. (NASDAQ: PNFP) closed at $56.20 in the last session, up 1.85% from day before closing price of $55.18. In other words, the price has increased by $+1.02 from its previous closing price. On the day, 1902713 shares were traded. PNFP stock price reached its highest trading level at $56.58 during the session, while it also had its lowest trading level at $52.92.
From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio
The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.
Get our free report, "Top 5 AI Stocks to Buy for 2023".
We take a closer look at PNFP’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.90 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.45. In the meantime, Its Debt-to-Equity ratio is 0.08 whereas as Long-Term Debt/Eq ratio is at 0.08.
Upgrades & Downgrades
On July 11, 2022, Jefferies Downgraded its rating to Underperform which previously was Hold and also lowered its target price recommendation from $85 to $66.
Raymond James Upgraded its Mkt Perform to Outperform on July 07, 2022, while the target price for the stock was maintained at $85.
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 MCCABE ROBERT A JR sold 24,168 shares for $73.38 per share. The transaction valued at 1,773,539 led to the insider holds 302,071 shares of the business.
MCCABE ROBERT A JR sold 3 shares of PNFP for $247 on Feb 08. The CHAIRMAN now owns 306,249 shares after completing the transaction at $82.26 per share. On Feb 06, another insider, MCCABE ROBERT A JR, who serves as the CHAIRMAN of the company, sold 5,680 shares for $80.95 each. As a result, the insider received 459,783 and left with 306,252 shares of the company.
As of this moment, Pinnacle’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.84, and their Forward P/E ratio for the next fiscal year is 7.10. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.24. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.26 while its Price-to-Book (P/B) ratio in mrq is 0.80.
Stock Price History:
Over the past 52 weeks, PNFP has reached a high of $99.35, while it has fallen to a 52-week low of $52.28. The 50-Day Moving Average of the stock is 73.78, while the 200-Day Moving Average is calculated to be 77.94.
According to the various share statistics, PNFP traded on average about 647.85K shares per day over the past 3-months and 1.25M shares per day over the past 10 days. A total of 75.77M shares are outstanding, with a floating share count of 74.78M. Insiders hold about 2.21% of the company’s shares, while institutions hold 85.60% stake in the company. Shares short for PNFP as of Jan 12, 2023 were 2.27M with a Short Ratio of 1.88M, compared to 1.98M on Dec 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 2.96% and a Short% of Float of 3.03%.
Dividends & Splits
The forward annual dividend rate for PNFP is 0.88, which was 0.66 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 1.20%, it implies a Forward Annual Dividend Yield of 1.07%. The stock’s 5-year Average Dividend Yield is 1.05. The current Payout Ratio is 12.20% for PNFP, which recently paid a dividend on Feb 23, 2023 with an ex-dividend date of Feb 01, 2023. Stock splits for the company last occurred on May 10, 2004 when the company split stock in a 2:1 ratio.
The company has 10 analysts who recommend its stock at the moment. On average, analysts expect EPS of $1.78 for the current quarter, with a high estimate of $1.9 and a low estimate of $1.67, while EPS last year was $1.65. The consensus estimate for the next quarter is $1.82, with high estimates of $1.99 and low estimates of $1.26.
Analysts are recommending an EPS of between $7.6 and $6.49 for the fiscal current year, implying an average EPS of $7.33. EPS for the following year is $7.92, with 10 analysts recommending between $8.41 and $7.65.
According to 8 analysts, the current quarter’s revenue is expected to be $426.21M. It ranges from a high estimate of $435.18M to a low estimate of $415.3M. As of the current estimate, Pinnacle Financial Partners Inc.’s year-ago sales were $342.97M, an estimated increase of 24.30% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $445.86M, an increase of 14.30% less than the figure of $24.30% in the same quarter last year. There is a high estimate of $458.23M for the next quarter, whereas the lowest estimate is $426.4M.
A total of 8 analysts have provided revenue estimates for PNFP’s current fiscal year. The highest revenue estimate was $1.83B, while the lowest revenue estimate was $1.72B, resulting in an average revenue estimate of $1.79B. In the same quarter a year ago, actual revenue was $1.55B, up 15.60% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $1.92B in the next fiscal year. The high estimate is $2.02B and the low estimate is $1.8B. The average revenue growth estimate for next year is up 7.60% from the average revenue estimate for this year.