Pinnacle Financial Partners
PNFP

$93.02

3.23%

Market Cap: $7.18B

About: 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.

Employees: 3,469

Financials National Commercial Banks

0

Funds holding %

of 6,686 funds

0

Analysts bullish %

of 7 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

669% more call options, than puts

Call options by funds: $3.77M | Put options by funds: $490K

7% more first-time investments, than exits

New positions opened: 48 | Existing positions closed: 45

1% more funds holding

Funds holding: 403 [Q1] → 406 (+3) [Q2]

3% less repeat investments, than reductions

Existing positions increased: 137 | Existing positions reduced: 141

1.25% less ownership

Funds ownership: 87.76% [Q1] → 86.5% (-1.25%) [Q2]

8% less capital invested

Capital invested by funds: $5.8B [Q1] → $5.34B (-$456M) [Q2]

33% less funds holding in top 10

Funds holding in top 10: 6 [Q1] → 4 (-2) [Q2]

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Research analyst outlook

7 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$87

6%

downside

Avg. target

$100

8%

upside

High target

$113

21%

upside

7 analyst ratings

5 positive

71%

2 neutral

29%

0 negative

0%

Citigroup Ben Gerlinger 83% 1-year accuracy 19 / 23 met price target	21%upside $113	Buy Maintained	18 Jul 2024
Wells Fargo Steven Shaw 100% 1-year accuracy 3 / 3 met price target	8%upside $100	Overweight Maintained	18 Jul 2024
Barclays Jared Shaw 68% 1-year accuracy 26 / 38 met price target	4%upside $97	Equal-Weight Maintained	18 Jul 2024
Truist Securities Brandon King 89% 1-year accuracy 48 / 54 met price target	9%upside $101	Buy Maintained	18 Jul 2024
Piper Sandler Stephen Scouten 83% 1-year accuracy 19 / 23 met price target	5%upside $98	Neutral Downgraded	18 Jul 2024

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Financial journalist opinion

Zacks Investment Research

5 Bank Stocks to Watch Out for as They Hit a New 52-Week High

The stocks of UMBF, GBCI, PNFP, WAL, and RF reach 52-week highs as the Fed announces rate cuts and are likely to keep up the momentum in the near term.

5 Bank Stocks to Watch Out for as They Hit a New 52-Week High

Pinnacle Is One of the Country's Top 10 Workplaces for Millennials

NASHVILLE, Tenn.--(BUSINESS WIRE)---- $PNFP #greatplacetowork--Pinnacle Financial Partners (Nasdaq/NGS: PNFP) remains one of the best workplaces in the nation for millennials. The firm earned the No. 9 spot on the latest list of Best Workplaces for Millennials from FORTUNE magazine and Great Place To Work®. This is Pinnacle's seventh consecutive appearance. Earlier this year, it was named No. 11 on the overall list of Best Companies to Work For in the United States. To determine the Fortune Best Workplaces for Millennials.

Pinnacle Is One of the Country's Top 10 Workplaces for Millennials

Pinnacle Financial Partners: Potential Improvement In Profitability In Coming Months

TBV per share continues to increase not having the weight of unrealized losses. Management aims to reduce exposure to CRE loans, increase loan yield, and reinvest in securities to improve NIM. PNFP is positioned for growth with the potential for improved profitability and a buy rating based on past performance and current strategies.

Pinnacle Financial Partners: Potential Improvement In Profitability In Coming Months

Pinnacle Financial Partners: Exceptional Growth Can Still Drive Upside

Pinnacle Financial Partners had a somewhat noisy Q2, but core results were better than expected, with revenue, net interest income, and fee income beating expectations, driving a $0.04/share pre-provision beat. Pinnacle's growth model, focused on customer service and hiring talented and experienced loan officers from rivals, provides a long runway for growth, with opportunities in multiple markets. Expansion into Washington, DC has already been a greater success than Atlanta, and Jacksonville is next up.

Pinnacle Financial Partners: Exceptional Growth Can Still Drive Upside

Pinnacle Financial Partners, Inc. (PNFP) Q2 2024 Earnings Call Transcript

Pinnacle Financial Partners, Inc. (NASDAQ:PNFP ) Q2 2024 Earnings Conference Call July 17, 2024 9:30 AM ET Company Participants Terry Turner - Chief Executive Officer Harold Carpenter - Chief Financial Officer Conference Call Participants Brett Rabatin - Hovde Group Steven Alexopoulos - JPMorgan Jared Shaw - Barclays Capital Brandon King - Truist Catherine Mealor - KBW Timur Braziler - Wells Fargo Stephen Scouten - Piper Sandler Russell Gunther - Stephens Zach Westerlind - UBS Brian Martin - Janney Operator Good morning, everyone, and welcome to the Pinnacle Financial Partners Second Quarter 2024 Earnings Call. Hosting the call today from Pinnacle Financial Partners is Mr.

Pinnacle Financial Partners, Inc. (PNFP) Q2 2024 Earnings Call Transcript

Zacks Investment Research

Pinnacle Financial (PNFP) Reports Q2 Earnings: What Key Metrics Have to Say

The headline numbers for Pinnacle Financial (PNFP) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Pinnacle Financial (PNFP) Reports Q2 Earnings: What Key Metrics Have to Say

Zacks Investment Research

Pinnacle Financial (PNFP) Q2 Earnings Top Estimates

Pinnacle Financial (PNFP) came out with quarterly earnings of $1.63 per share, beating the Zacks Consensus Estimate of $1.60 per share. This compares to earnings of $1.79 per share a year ago.

Pinnacle Financial (PNFP) Q2 Earnings Top Estimates

PNFP Reports 2Q24 Diluted EPS of $0.64 and Net Interest Margin of 3.14 Percent

NASHVILLE, Tenn.--(BUSINESS WIRE)--Pinnacle Financial Partners, Inc. (Nasdaq/NGS: PNFP) reported net income per diluted common share of $0.64 for the quarter ended June 30, 2024, compared to net income per diluted common share of $2.54 for the quarter ended June 30, 2023, a decrease of approximately 74.8 percent. Net income per diluted common share was $2.21 for the six months ended June 30, 2024, compared to $4.30 for the six months ended June 30, 2023, a decrease of approximately 48.6 percent.

PNFP Reports 2Q24 Diluted EPS of $0.64 and Net Interest Margin of 3.14 Percent

Zacks Investment Research

Pinnacle Financial (PNFP) Moves 6.0% Higher: Will This Strength Last?

Pinnacle Financial (PNFP) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Pinnacle Financial (PNFP) Moves 6.0% Higher: Will This Strength Last?

Zacks Investment Research

Seeking Clues to Pinnacle Financial (PNFP) Q2 Earnings? A Peek Into Wall Street Projections for Key Metrics

Besides Wall Street's top -and-bottom-line estimates for Pinnacle Financial (PNFP), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended June 2024.

Seeking Clues to Pinnacle Financial (PNFP) Q2 Earnings? A Peek Into Wall Street Projections for Key Metrics

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