24-Apr-2024
TipRanks (Wed, 24-Apr 6:31 AM ET)
Barclays Keeps Their Hold Rating on Pinnacle Financial Partners (PNFP)
TipRanks (Wed, 24-Apr 4:45 AM ET)
Pinnacle Financial Partners declares $0.22 dividend
Seeking Alpha News (Wed, 24-Apr 2:28 AM ET)
Pinnacle Financial Partners Announces 1Q24 Dividend
Business Wire (Tue, 23-Apr 5:31 PM ET)
Piper Sandler Sticks to Their Buy Rating for Pinnacle Financial Partners (PNFP)
TipRanks (Tue, 23-Apr 7:06 AM ET)
Pinnacle Financial Partners GAAP EPS of $1.57 beats by $0.04, revenue of $428.14M beats by $5.92M
Seeking Alpha News (Tue, 23-Apr 1:33 AM ET)
Pinnacle Financial Partners (PNFP) Gets a Buy from KBW
TipRanks (Tue, 23-Apr 1:26 AM ET)
PNFP Reports 1Q24 Diluted EPS of $1.57
Business Wire (Mon, 22-Apr 6:22 PM ET)
Notable earnings after Monday's close
Seeking Alpha News (Sun, 21-Apr 5:35 PM ET)
Business Wire (Mon, 8-Apr 5:00 PM ET)
Pinnacle Financial Partners Inc is a financial holding company. The company operates through its wholly-owned subsidiary, Pinnacle Bank. The bank provides a full range of lending products, including commercial, real estate, and consumer loans to individuals and small to medium-sized businesses. Pinnacle operates as a community bank mainly in the urban markets of Nashville, Knoxville, Memphis, and Chattanooga, Tennessee, as well as surrounding counties. It relies heavily on mergers and acquisitions. A majority of its loan portfolio is in commercial loans, mainly real estate, as well as industrial loans. The bank generates a majority of its net revenue through net interest income.
Pinnacle Finl Partners trades on the NASDAQ stock market under the symbol PNFP.
As of April 24, 2024, PNFP stock price climbed to $82.96 with 506,399 million shares trading.
PNFP has a beta of 1.78, meaning it tends to be more sensitive to market movements. PNFP has a correlation of 0.31 to the broad based SPY ETF.
PNFP has a market cap of $6.40 billion. This is considered a Mid Cap stock.
Last quarter Pinnacle Finl Partners reported $428 million in Revenue and $1.53 earnings per share. This beat revenue expectation by $6 million and missed earnings estimates by -$.01.
In the last 3 years, PNFP stock traded as high as $111.31 and as low as $43.31.
The top ETF exchange traded funds that PNFP belongs to (by Net Assets): VTI, IJH, VB, VXF, VBR.
PNFP has outperformed the market in the last year with a price return of +53.1% while the SPY ETF gained +24.2%. However, in the short term, PNFP had mixed performance relative to the market. It has underperformed in the last 3 months, returning -4.8% vs +4.6% return in SPY. But in the last 2 weeks, PNFP shares have fared better than the market returning -1.7% compared to SPY -2.7%.
PNFP support price is $79.65 and resistance is $83.03 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PNFP stock will trade within this expected range on the day.