Pinnacle Financial PartnersPNFP
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
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]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
7 analyst ratings
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 |