Krilogy Financial LLC Has $1.43 Million Holdings in Pinnacle Financial Partners, Inc. $PNFP

Krilogy Financial LLC boosted its holdings in shares of Pinnacle Financial Partners, Inc. (NYSE:PNFP) by 80.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,949 shares of the company’s stock after acquiring an additional 6,658 shares during the quarter. Krilogy Financial LLC’s holdings in Pinnacle Financial Partners were worth $1,434,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC boosted its position in Pinnacle Financial Partners by 97.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 47,073 shares of the company’s stock worth $4,327,000 after acquiring an additional 23,292 shares during the period. Voya Investment Management LLC boosted its position in Pinnacle Financial Partners by 146.1% during the 3rd quarter. Voya Investment Management LLC now owns 25,183 shares of the company’s stock worth $2,362,000 after acquiring an additional 14,951 shares during the period. Jones Financial Companies Lllp boosted its position in Pinnacle Financial Partners by 585.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 18,419 shares of the company’s stock worth $1,768,000 after acquiring an additional 15,732 shares during the period. Yousif Capital Management LLC raised its stake in shares of Pinnacle Financial Partners by 92.4% during the 4th quarter. Yousif Capital Management LLC now owns 46,456 shares of the company’s stock worth $4,519,000 after purchasing an additional 22,306 shares in the last quarter. Finally, Hudson Bay Capital Management LP purchased a new stake in shares of Pinnacle Financial Partners during the 3rd quarter worth about $1,128,000. 87.40% of the stock is currently owned by institutional investors and hedge funds.

Pinnacle Financial Partners Stock Down 1.0%

PNFP opened at $97.39 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.89 and a quick ratio of 0.89. Pinnacle Financial Partners, Inc. has a fifty-two week low of $81.08 and a fifty-two week high of $120.46. The stock has a market cap of $7.55 billion, a PE ratio of 12.04, a PEG ratio of 0.33 and a beta of 1.00.

Pinnacle Financial Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 1st will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, May 1st. Pinnacle Financial Partners’s dividend payout ratio (DPR) is presently 24.72%.

Insider Buying and Selling at Pinnacle Financial Partners

In related news, CFO Andrew J. Jr. Gregory acquired 1,000 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The shares were acquired at an average cost of $94.52 per share, with a total value of $94,520.00. Following the purchase, the chief financial officer owned 49,485 shares of the company’s stock, valued at approximately $4,677,322.20. The trade was a 2.06% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.46% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. UBS Group raised Pinnacle Financial Partners from a “neutral” rating to a “buy” rating and raised their price target for the stock from $106.00 to $110.00 in a research note on Tuesday, April 7th. JPMorgan Chase & Co. cut their price target on Pinnacle Financial Partners from $120.00 to $105.00 and set an “overweight” rating for the company in a research note on Wednesday, April 1st. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Pinnacle Financial Partners in a research note on Thursday, January 22nd. DA Davidson assumed coverage on Pinnacle Financial Partners in a research note on Monday, January 5th. They set a “neutral” rating and a $110.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft set a $116.00 price target on Pinnacle Financial Partners and gave the stock a “buy” rating in a research note on Wednesday, January 21st. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $112.25.

Pinnacle Financial Partners Profile

Pinnacle Financial Partners (NYSE: PNFP) is a bank holding company headquartered in Nashville, Tennessee, that provides a broad range of commercial and consumer banking services. Founded in 2000, the company operates through a network of banking offices and digital channels to serve individuals, small and middle-market businesses, and institutional clients. Pinnacle’s business model emphasizes relationship-based banking and tailored financial solutions for commercial borrowers and deposit customers.

The company’s product and service offerings include commercial and residential lending, treasury and payment solutions, deposit accounts, mortgage services, and cash management.