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After finishing at $97.97 in the prior trading day, Pinnacle Financial Partners Inc. (NASDAQ: PNFP) closed at $93.19, down -4.88%. In other words, the price has decreased by -$4.88 from its previous closing price. On the day, 0.56 million shares were traded. PNFP stock price reached its highest trading level at $96.55 during the session, while it also had its lowest trading level at $92.96.
Ratios:
Our goal is to gain a better understanding of PNFP by taking a closer look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.45 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 7197614080 and an Enterprise Value of 7620807168. As of this moment, Pinnacle’s Price-to-Earnings (P/E) ratio for their current fiscal year is 18.30, and their Forward P/E ratio for the next fiscal year is 11.79. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.57. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.55 while its Price-to-Book (P/B) ratio in mrq is 1.21. Its current Enterprise Value per Revenue stands at 5.11.
Stock Price History:
Over the past 52 weeks, PNFP has reached a high of $100.76, while it has fallen to a 52-week low of $59.66. The 50-Day Moving Average of the stock is -1.02%, while the 200-Day Moving Average is calculated to be 9.08%.
Shares Statistics:
The stock has traded on average 516.32K shares per day over the past 3-months and 652530 shares per day over the last 10 days, according to various share statistics. 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 86.73% stake in the company. Shares short for PNFP as of 1726185600 were 1729918 with a Short Ratio of 3.35, compared to 1723680000 on 1539890. Therefore, it implies a Short% of Shares Outstanding of 1729918 and a Short% of Float of 2.2800000000000002.
Dividends & Splits
In the trailing 12 months, PNFP’s forward annual dividend rate was 0.88, compared to 0.88 this year. Against a Trailing Annual Dividend Yield of 0.008982342The stock’s 5-year Average Dividend Yield is 1.11.
