Pinnacle Financial Partners Inc. (NASDAQ: PNFP) is 13.59% higher on its value in year-to-date trading and has touched a low of $59.66 and a high of $99.84 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PNFP stock was last observed hovering at around $98.19 in the last trading session, with the day’s gains setting it 0.88%.
Currently trading at $99.07, the stock is 8.99% and 12.93% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.53 million and changing 0.90% at the moment leaves the stock 19.36% off its SMA200. PNFP registered 47.56% gain for a year compared to 6-month gain of 19.77%.
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The stock witnessed a 2.86% loss in the last 1 month and extending the period to 3 months gives it a 26.62%, and is 5.60% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.60% over the week and 2.82% over the month.
Pinnacle Financial Partners Inc. (PNFP) has around 3357 employees, a market worth around $7.65B and $2.83B in sales. Current P/E ratio is 19.45 and Fwd P/E is 12.44. Profit margin for the company is 13.78%. Distance from 52-week low is 66.06% and -0.77% from its 52-week high. The company has generated returns on investments over the last 12 months (4.47%).
The EPS is expected to shrink by -3.45% this year
537.0 institutions hold shares in Pinnacle Financial Partners Inc. (PNFP), with institutional investors hold 89.89% of the company’s shares. The shares outstanding are 76.77M, and float is at 75.58M with Short Float at 2.04%. Institutions hold 88.00% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 7.14 million shares valued at $571.69 million. The investor’s holdings represent 9.3638 of the PNFP Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 6.88 million shares valued at $550.9 million to account for 9.0232 of the shares outstanding. The other top investors are T. ROWE PRICE INVESTMENT MANAGEMENT, INC. which holds 4.4 million shares representing 5.7679 and valued at over $352.15 million, while INVESCO LTD. holds 4.0989 of the shares totaling 3.13 million with a market value of $250.25 million.
Pinnacle Financial Partners Inc. (PNFP) Insider Activity
The most recent transaction is an insider sale by BURNS GREGORY L, the company’s Director. SEC filings show that BURNS GREGORY L sold 1,500 shares of the company’s common stock on May 09 ’24 at a price of $83.00 per share for a total of $0.12 million. Following the sale, the insider now owns 20091.0 shares.
Pinnacle Financial Partners Inc. disclosed in a document filed with the SEC on Apr 25 ’24 that MCCABE ROBERT A JR (CHAIRMAN) sold a total of 115,249 shares of the company’s common stock. The trade occurred on Apr 25 ’24 and was made at $81.04 per share for $9.34 million. Following the transaction, the insider now directly holds 0.15 million shares of the PNFP stock.
Still, SEC filings show that on Apr 25 ’24, TURNER M TERRY (CEO) disposed off 72,000 shares at an average price of $80.97 for $5.83 million. The insider now directly holds 222,790 shares of Pinnacle Financial Partners Inc. (PNFP).
