PNFP Stock Summary and Trading Ideas (Pinnacle Finl Partners | NASDAQ:PNFP)

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 18, 2024, PNFP stock price climbed to $78.46 with 587,261 million shares trading.

PNFP has a beta of 1.90, meaning it tends to be more sensitive to market movements. PNFP has a correlation of 0.32 to the broad based SPY ETF.

PNFP has a market cap of $6.05 billion. This is considered a Mid Cap stock.

Last quarter Pinnacle Finl Partners reported $396 million in Revenue and $1.68 earnings per share. This fell short of revenue expectation by $-20 million and exceeded earnings estimates by $.08.

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 +44.7% while the SPY ETF gained +22.3%. However, in the short term, PNFP had mixed performance relative to the market. It has underperformed in the last 3 months, returning -5.5% vs +6.1% return in SPY. But in the last 2 weeks, PNFP shares have fared better than the market returning -3.8% compared to SPY -3.8%.

PNFP support price is $76.59 and resistance is $80.08 (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.