Press coverage about Pinnacle Financial Partners (NASDAQ:PNFP) has trended somewhat positive recently, according to AlphaOne Sentiment Analysis. AlphaOne, a service of Accern, identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real-time. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Pinnacle Financial Partners earned a coverage optimism score of 0.10 on AlphaOne’s scale. AlphaOne also gave media stories about the financial services provider an impact score of 0 out of 100, indicating that recent press coverage is extremely unlikely to have an impact on the stock’s share price in the immediate future.
Several research firms have recently weighed in on PNFP. Zacks Investment Research upgraded shares of Pinnacle Financial Partners from a “hold” rating to a “buy” rating and set a $77.00 price objective for the company in a research report on Friday, January 27th. Sandler O’Neill raised shares of Pinnacle Financial Partners from a “hold” rating to a “buy” rating in a research note on Wednesday, January 25th. Hilliard Lyons reaffirmed a “neutral” rating and set a $69.00 price objective (down from $71.00) on shares of Pinnacle Financial Partners in a research note on Saturday, April 22nd. Finally, Stephens reaffirmed a “hold” rating on shares of Pinnacle Financial Partners in a research note on Wednesday, April 19th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $62.50.
Shares of Pinnacle Financial Partners (NASDAQ:PNFP) opened at 60.60 on Friday. The stock has a market capitalization of $2.98 billion, a price-to-earnings ratio of 19.86 and a beta of 1.30. Pinnacle Financial Partners has a 52-week low of $44.61 and a 52-week high of $71.85. The stock has a 50 day moving average of $63.43 and a 200-day moving average of $65.40.
Pinnacle Financial Partners (NASDAQ:PNFP) last announced its quarterly earnings data on Monday, April 17th. The financial services provider reported $0.83 EPS for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.06. Pinnacle Financial Partners had a return on equity of 9.84% and a net margin of 26.25%. The firm had revenue of $119.10 million during the quarter, compared to analysts’ expectations of $121.59 million. During the same quarter last year, the firm posted $0.71 earnings per share. The company’s revenue for the quarter was up 19.4% compared to the same quarter last year. On average, equities research analysts predict that Pinnacle Financial Partners will post $3.40 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 26th. Shareholders of record on Friday, May 5th will be paid a $0.14 dividend. The ex-dividend date is Wednesday, May 3rd. This represents a $0.56 dividend on an annualized basis and a yield of 0.91%. Pinnacle Financial Partners’s dividend payout ratio (DPR) is presently 19.31%.
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About Pinnacle Financial Partners
Pinnacle Financial Partners, Inc is a bank holding company. The Company operates through its subsidiary, Pinnacle Bank. The Company operates as a community bank primarily in the urban markets of Nashville, Knoxville, Memphis and Chattanooga, Tennessee and other counties. It provides the personalized service associated with small community banks, while seeking to offer the products and services, such as investments and treasury management.
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