Pinnacle Financial Partners (NASDAQ:PNFP) CFO Andrew Jr. Gregory Buys 1,000 Shares

Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) CFO Andrew Jr. Gregory bought 1,000 shares of the business’s stock in a transaction on Thursday, February 12th. The shares were acquired at an average price of $94.52 per share, with a total value of $94,520.00. Following the transaction, the chief financial officer owned 49,485 shares of the company’s stock, valued at $4,677,322.20. The trade was a 2.06% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Pinnacle Financial Partners Stock Up 1.1%

Shares of NASDAQ:PNFP opened at $96.19 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $7.46 billion, a P/E ratio of 12.22, a P/E/G ratio of 0.48 and a beta of 1.03. Pinnacle Financial Partners, Inc. has a 52-week low of $81.57 and a 52-week high of $122.01. The stock’s fifty day simple moving average is $98.28 and its 200-day simple moving average is $93.94.

Pinnacle Financial Partners Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 6th will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, February 6th. Pinnacle Financial Partners’s dividend payout ratio is presently 24.72%.

Hedge Funds Weigh In On Pinnacle Financial Partners

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Brown Brothers Harriman & Co. acquired a new stake in Pinnacle Financial Partners in the third quarter worth approximately $26,000. High Point Wealth Management LLC acquired a new stake in shares of Pinnacle Financial Partners in the fourth quarter valued at $27,000. BOKF NA boosted its stake in Pinnacle Financial Partners by 1,204.5% during the third quarter. BOKF NA now owns 287 shares of the financial services provider’s stock valued at $27,000 after buying an additional 265 shares in the last quarter. Activest Wealth Management bought a new stake in Pinnacle Financial Partners in the fourth quarter worth about $28,000. Finally, Covestor Ltd lifted its holdings in Pinnacle Financial Partners by 193.9% in the 3rd quarter. Covestor Ltd now owns 338 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 223 shares during the last quarter. Institutional investors own 87.40% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on PNFP. Evercore increased their target price on Pinnacle Financial Partners from $115.00 to $116.00 and gave the stock an “outperform” rating in a research report on Thursday, February 5th. Keefe, Bruyette & Woods raised their price objective on Pinnacle Financial Partners from $95.00 to $100.00 and gave the stock a “market perform” rating in a report on Friday, January 9th. Evercore ISI restated an “outperform” rating on shares of Pinnacle Financial Partners in a report on Thursday, February 5th. TD Cowen restated a “buy” rating on shares of Pinnacle Financial Partners in a report on Wednesday, January 7th. Finally, Bank of America began coverage on shares of Pinnacle Financial Partners in a research report on Monday, December 8th. They set a “buy” rating and a $113.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $113.41.

About Pinnacle Financial Partners

Pinnacle Financial Partners, Inc (NASDAQ: PNFP) is a financial services company headquartered in Nashville, Tennessee, that provides banking, wealth management and insurance solutions to business and consumer clients. The company operates through two primary segments—Banking and Wealth Management & Advisory—offering a comprehensive suite of products that includes commercial and consumer lending, deposit services, treasury management, trust and investment advisory, and insurance brokerage. Pinnacle’s client-focused model emphasizes relationship-based banking, leveraging local decision-making authority and specialized industry expertise to serve diverse sectors such as healthcare, technology, real estate and professional services.

In its banking segment, Pinnacle delivers commercial and consumer loans, lines of credit, equipment financing, and mortgage lending.