Is Pinnacle Financial Partners Inc. (NASDAQ:PNFP) an excellent stock to buy at the moment?

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.

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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.

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 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.

Valuation Measures:

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.

Shares Statistics:

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.

Earnings Estimates

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.

Revenue Estimates

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.