Coldstream Capital Management Inc. Sells 523 Shares of Pinnacle Financial Partners, Inc. (NASDAQ:PNFP)

Coldstream Capital Management Inc. lessened its stake in shares of Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) by 8.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,048 shares of the financial services provider’s stock after selling 523 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Pinnacle Financial Partners were worth $692,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. UMB Bank n.a. boosted its stake in shares of Pinnacle Financial Partners by 48.1% during the 4th quarter. UMB Bank n.a. now owns 736 shares of the financial services provider’s stock worth $84,000 after acquiring an additional 239 shares in the last quarter. Principal Securities Inc. boosted its stake in Pinnacle Financial Partners by 12.7% during the 4th quarter. Principal Securities Inc. now owns 808 shares of the financial services provider’s stock valued at $92,000 after purchasing an additional 91 shares during the period. Trust Co. of Vermont acquired a new stake in Pinnacle Financial Partners in the 4th quarter valued at approximately $97,000. Values First Advisors Inc. grew its holdings in Pinnacle Financial Partners by 189.9% in the 4th quarter. Values First Advisors Inc. now owns 1,458 shares of the financial services provider’s stock valued at $167,000 after buying an additional 955 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in Pinnacle Financial Partners by 20.6% in the 4th quarter. Blue Trust Inc. now owns 1,586 shares of the financial services provider’s stock valued at $181,000 after buying an additional 271 shares during the last quarter. Institutional investors own 87.40% of the company’s stock.

Wall Street Analysts Forecast Growth

PNFP has been the topic of a number of research analyst reports. Stephens reaffirmed an “overweight” rating and issued a $142.00 target price on shares of Pinnacle Financial Partners in a report on Wednesday, January 22nd. Wells Fargo & Company lowered their target price on Pinnacle Financial Partners from $125.00 to $105.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 9th. Barclays lowered their target price on Pinnacle Financial Partners from $135.00 to $125.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. JPMorgan Chase & Co. lowered their target price on Pinnacle Financial Partners from $125.00 to $115.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Finally, Hovde Group raised Pinnacle Financial Partners from a “market perform” rating to an “outperform” rating and set a $111.00 target price on the stock in a report on Wednesday, April 16th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $119.50.

Insider Buying and Selling at Pinnacle Financial Partners

In other news, CEO M Terry Turner sold 2,000 shares of the business’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $100.63, for a total transaction of $201,260.00. Following the completion of the sale, the chief executive officer now owns 254,552 shares in the company, valued at $25,615,567.76. The trade was a 0.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director David B. Ingram sold 10,309 shares of the business’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $126.00, for a total value of $1,298,934.00. Following the sale, the director now owns 82,256 shares of the company’s stock, valued at approximately $10,364,256. The trade was a 11.14 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 95,350 shares of company stock worth $11,421,320. 1.46% of the stock is currently owned by insiders.

Pinnacle Financial Partners Price Performance

Pinnacle Financial Partners stock opened at $100.22 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market capitalization of $7.75 billion, a PE ratio of 16.76 and a beta of 0.94. Pinnacle Financial Partners, Inc. has a one year low of $73.62 and a one year high of $131.91. The business has a 50 day simple moving average of $102.04 and a 200 day simple moving average of $112.11.

Pinnacle Financial Partners (NASDAQ:PNFP) last issued its quarterly earnings data on Monday, April 14th. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.08. Pinnacle Financial Partners had a return on equity of 9.04% and a net margin of 15.48%. The firm had revenue of $475.37 million during the quarter, compared to the consensus estimate of $478.11 million. During the same quarter in the previous year, the company posted $1.53 EPS. On average, sell-side analysts forecast that Pinnacle Financial Partners, Inc. will post 7.85 EPS for the current fiscal year.

Pinnacle Financial Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 2nd will be given a $0.24 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $0.96 annualized dividend and a yield of 0.96%. Pinnacle Financial Partners’s payout ratio is 15.53%.

Pinnacle Financial Partners Company Profile

Pinnacle Financial Partners, Inc, together with its subsidiaries, operates as the bank holding company for Pinnacle Bank that provides various banking products and services to individuals, businesses, and professional entities in the United States. The company accepts various deposits, including savings, noninterest-bearing and interest-bearing checking, money market, and certificate of deposit accounts; and provides treasury management services, which includes online wire origination, enhanced ACH origination services, positive pay, zero balance and sweep accounts, automated bill pay services, electronic receivables processing, lockbox processing, and merchant card acceptance services.