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The closing price of Pinnacle Financial Partners Inc. (NASDAQ: PNFP) was $106.40 for the day, up 0.88% from the previous closing price of $105.47. In other words, the price has increased by $0.88 from its previous closing price. On the day, 0.65 million shares were traded. PNFP stock price reached its highest trading level at $107.13 during the session, while it also had its lowest trading level at $105.1972.
Ratios:
Our analysis of PNFP’s different ratios will help us gain a deeper understanding of the company. In the meantime, Its Debt-to-Equity ratio is 0.44 whereas as Long-Term Debt/Eq ratio is at 0.41.
On September 27, 2024, Hovde Group reiterated its Outperform rating and also lowered its target price recommendation from $110 to $114.
Piper Sandler Downgraded its Overweight to Neutral on July 18, 2024, whereas the target price for the stock was revised from $95 to $98.
Insider Transactions:
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 May 09 ’24 when BURNS GREGORY L sold 1,500 shares for $83.00 per share. The transaction valued at 124,500 led to the insider holds 20,091 shares of the business.
MCCABE ROBERT A JR sold 115,249 shares of PNFP for $9,340,032 on Apr 25 ’24. The CHAIRMAN now owns 153,062 shares after completing the transaction at $81.04 per share. On Apr 25 ’24, another insider, TURNER M TERRY, who serves as the CEO of the company, sold 72,000 shares for $80.97 each. As a result, the insider received 5,830,153 and left with 222,790 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 8217900544 and an Enterprise Value of 8431265792. As of this moment, Pinnacle’s Price-to-Earnings (P/E) ratio for their current fiscal year is 20.22, and their Forward P/E ratio for the next fiscal year is 13.86. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.63. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.81 while its Price-to-Book (P/B) ratio in mrq is 1.34. Its current Enterprise Value per Revenue stands at 5.438.
Stock Price History:
Over the past 52 weeks, PNFP has reached a high of $106.62, while it has fallen to a 52-week low of $59.66. The 50-Day Moving Average of the stock is 11.52%, while the 200-Day Moving Average is calculated to be 23.56%.
Shares Statistics:
PNFP traded an average of 517.69K shares per day over the past three months and 579640 shares per day over the past ten days. A total of 76.77M shares are outstanding, with a floating share count of 75.67M. Insiders hold about 2.03% of the company’s shares, while institutions hold 86.67% stake in the company. Shares short for PNFP as of 1727654400 were 2235038 with a Short Ratio of 4.32, compared to 1724976000 on 1756277. Therefore, it implies a Short% of Shares Outstanding of 2235038 and a Short% of Float of 2.9499999999999997.
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 0.008343604The stock’s 5-year Average Dividend Yield is 1.11.
