Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
The price of Pinnacle Financial Partners Inc. (NASDAQ: PNFP) closed at $78.25 in the last session, up 2.02% from day before closing price of $76.70. In other words, the price has increased by $2.02 from its previous closing price. On the day, 0.57 million shares were traded. PNFP stock price reached its highest trading level at $79.94 during the session, while it also had its lowest trading level at $77.1798.
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 0.45 whereas as Long-Term Debt/Eq ratio is at 0.42.
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, Hovde Group on April 23, 2024, Reiterated its Outperform rating but revised its target price to $99 from $104 previously.
On March 08, 2024, Barclays started tracking the stock assigning a Equal Weight rating and target price of $93.
On December 01, 2023, Citigroup started tracking the stock assigning a Buy rating and target price of $86.Citigroup initiated its Buy rating on December 01, 2023, with a $86 target price.
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 Apr 26 ’24 when CALLICUTT RICHARD D II sold 13,923 shares for $81.50 per share. The transaction valued at 1,134,752 led to the insider holds 83,303 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 6040900096 and an Enterprise Value of 5743881216. As of this moment, Pinnacle’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.19, and their Forward P/E ratio for the next fiscal year is 9.76. 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 2.17 while its Price-to-Book (P/B) ratio in mrq is 1.03. Its current Enterprise Value per Revenue stands at 3.562.
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 -4.49%, while the 200-Day Moving Average is calculated to be 3.03%.
Shares Statistics:
According to the various share statistics, PNFP traded on average about 453.11K shares per day over the past 3-months and 648280 shares per day over the past 10 days. A total of 76.77M shares are outstanding, with a floating share count of 75.29M. Insiders hold about 2.32% of the company’s shares, while institutions hold 88.78% stake in the company. Shares short for PNFP as of 1713139200 were 1700442 with a Short Ratio of 3.75, compared to 1710460800 on 1750716. Therefore, it implies a Short% of Shares Outstanding of 1700442 and a Short% of Float of 2.2399999999999998.
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 0.011473273The stock’s 5-year Average Dividend Yield is 1.13.
