Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
As of close of business last night, Pinnacle Financial Partners Inc.’s stock clocked out at $81.53, down -1.72% from its previous closing price of $82.96. In other words, the price has decreased by -$1.72 from its previous closing price. On the day, 0.6 million shares were traded. PNFP stock price reached its highest trading level at $82.0 during the session, while it also had its lowest trading level at $80.34.
Ratios:
To gain a deeper understanding of PNFP’s stock, we examine its different ratios. 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 12 ’24 when TURNER M TERRY sold 24,057 shares for $82.22 per share. The transaction valued at 1,977,967 led to the insider holds 294,790 shares of the business.
MCCABE ROBERT A JR sold 22,857 shares of PNFP for $1,879,303 on Mar 12 ’24. The CHAIRMAN now owns 268,311 shares after completing the transaction at $82.22 per share. On Mar 12 ’24, another insider, CALLICUTT RICHARD D II, who serves as the Chairman-Carolinas & Virginia of the company, sold 11,030 shares for $82.22 each. As a result, the insider received 906,887 and left with 97,226 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 6294115840 and an Enterprise Value of 5994789888. As of this moment, Pinnacle’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.66, and their Forward P/E ratio for the next fiscal year is 10.18. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.36. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.26 while its Price-to-Book (P/B) ratio in mrq is 1.07. Its current Enterprise Value per Revenue stands at 3.718.
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 -0.82%, while the 200-Day Moving Average is calculated to be 7.89%.
Shares Statistics:
It appears that PNFP traded 458.42K shares on average per day over the past three months and 578050 shares per day over the past ten 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 88.92% stake in the company. Shares short for PNFP as of 1713139200 were 1700442 with a Short Ratio of 3.71, 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
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 0.010607522The stock’s 5-year Average Dividend Yield is 1.12.
