The closing price of Pinnacle Financial Partners Inc. (NASDAQ: PNFP) was $50.80 for the day, down -2.74% from the previous closing price of $52.23. In other words, the price has decreased by -$1.43 from its previous closing price. On the day, 518318 shares were traded. PNFP stock price reached its highest trading level at $51.89 during the session, while it also had its lowest trading level at $50.38.
Unlock the Hottest Top 10 Penny Stocks Today! Discover Now
Dive into the world of lucrative penny stocks with MarketClub's groundbreaking "Smart Scan" technology! Get an instant snapshot of the top 50 high volume stocks with a clear direction and outstanding liquidity - in other words, the strongest trending. To unlock this exclusive list, simply provide your first name, last name, and email for instant access.
Gain Access to Top 10 Penny Stocks Now!.
Our analysis of PNFP’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.42 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.28. In the meantime, Its Debt-to-Equity ratio is 0.08 whereas as Long-Term Debt/Eq ratio is at 0.08.
Upgrades & Downgrades
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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.
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 4.08B. As of this moment, Pinnacle’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.99, and their Forward P/E ratio for the next fiscal year is 7.33. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.22. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.46 while its Price-to-Book (P/B) ratio in mrq is 0.71.
Stock Price History:
Over the past 52 weeks, PNFP has reached a high of $89.00, while it has fallen to a 52-week low of $43.31. The 50-Day Moving Average of the stock is 52.40, while the 200-Day Moving Average is calculated to be 72.25.
PNFP traded an average of 856.04K shares per day over the past three months and 638.53k shares per day over the past ten days. A total of 75.92M 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 Apr 27, 2023 were 1.4M with a Short Ratio of 1.40M, compared to 1.73M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 1.83% and a Short% of Float of 1.87%.
Dividends & Splits
With its trailing 12-month dividend rate of 0.88, PNFP has a forward annual dividend rate of 0.88. Against a Trailing Annual Dividend Yield of 1.68%, it implies a Forward Annual Dividend Yield of 1.68%. The stock’s 5-year Average Dividend Yield is 1.08. The current Payout Ratio is 12.00% for PNFP, which recently paid a dividend on May 25, 2023 with an ex-dividend date of May 03, 2023. Stock splits for the company last occurred on May 10, 2004 when the company split stock in a 2:1 ratio.
The firm’s stock currently is rated by 10 analysts. On average, analysts expect EPS of $1.67 for the current quarter, with a high estimate of $1.79 and a low estimate of $1.44, while EPS last year was $1.86. The consensus estimate for the next quarter is $1.64, with high estimates of $1.76 and low estimates of $1.36.
Analysts are recommending an EPS of between $7 and $6.2 for the fiscal current year, implying an average EPS of $6.72. EPS for the following year is $6.93, with 10 analysts recommending between $7.45 and $6.3.
It is expected that $90B in revenue will be generated in the current quarter, according to 9 analysts. It ranges from a high estimate of $431M to a low estimate of $410.8M. As of the current estimate, Pinnacle Financial Partners Inc.’s year-ago sales were $390.08M, an estimated increase of 7.80% from the year-ago figure. For the next quarter, 9 analysts are estimating revenue of $429.19M, an increase of 7.10% less than the figure of $7.80% in the same quarter last year. There is a high estimate of $439M for the next quarter, whereas the lowest estimate is $415.7M.
A total of 9 analysts have provided revenue estimates for PNFP’s current fiscal year. The highest revenue estimate was $1.73B, while the lowest revenue estimate was $1.65B, resulting in an average revenue estimate of $1.7B. In the same quarter a year ago, actual revenue was $1.55B, up 9.70% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $1.81B in the next fiscal year. The high estimate is $1.87B and the low estimate is $1.77B. The average revenue growth estimate for next year is up 6.80% from the average revenue estimate for this year.