Pinnacle Financial PartnersPNFP
PNFP
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: 3,517
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 8 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
651% more call options, than puts
Call options by funds: $7.07M | Put options by funds: $941K
100% more funds holding in top 10
Funds holding in top 10: 4 [Q2] → 8 (+4) [Q3]
22% more capital invested
Capital invested by funds: $5.4B [Q2] → $6.58B (+$1.18B) [Q3]
17% more first-time investments, than exits
New positions opened: 56 | Existing positions closed: 48
2% more funds holding
Funds holding: 409 [Q2] → 417 (+8) [Q3]
0.38% less ownership
Funds ownership: 87.49% [Q2] → 87.11% (-0.38%) [Q3]
8% less repeat investments, than reductions
Existing positions increased: 133 | Existing positions reduced: 145
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$119
6%
upside
Avg. target
$128
14%
upside
High target
$135
20%
upside
8 analyst ratings
4 positive
50%
4 neutral
50%
0 negative
0%
Barclays Jared Shaw 64% 1-year accuracy 47 / 73 met price target | 20%upside $135 | Overweight Upgraded | 19 Dec 2024 |
UBS Vilas Abraham 100% 1-year accuracy 2 / 2 met price target | 19%upside $133 | Neutral Assumed | 17 Dec 2024 |
Keefe, Bruyette & Woods Catherine Mealor 69% 1-year accuracy 24 / 35 met price target | 20%upside $135 | Market Perform Downgraded | 4 Dec 2024 |
Wells Fargo Steven Shaw 100% 1-year accuracy 1 / 1 met price target | 7%upside $120 | Equal-Weight Maintained | 3 Dec 2024 |
Hovde Group Brett Rabatin 100% 1-year accuracy 4 / 4 met price target | 20%upside $135 | Market Perform Downgraded | 18 Nov 2024 |
Financial journalist opinion
Positive
Benzinga
4 days ago
How To Invest $1,000 In Regional Banks For 2025: Top Wall Street Analyst Reveals His Top Picks
Regional bank stocks have been on a tear since the 2024 U.S. election, with the SPDR S&P Regional Banking ETF KRE climbing about 10% versus the broader S&P 500's 5% gain.
Neutral
Business Wire
2 weeks ago
Pinnacle Financial Partners Remains One of America's Best Workplaces for Parents
NASHVILLE, Tenn.--(BUSINESS WIRE)--Pinnacle Financial Partners continues to be one of the best workplaces for parents reaffirming its founders' commitment to support families. The firm earned the No.21 spot on the list of 2024 Best Workplaces for Parents from Great Place to Work®. It's Pinnacle's sixth appearance on the list, which is determined by anonymous employee surveys, with analysis focused on the comparison between parent responses and non-parent responses. “We know that when our associ.
Neutral
Business Wire
1 month ago
Pinnacle Financial Partners Remains a Top 5 Best Bank to Work For in the Nation
NASHVILLE, Tenn.--(BUSINESS WIRE)--Pinnacle Financial Partners (Nasdaq/NGS: PNFP) continues to be one of the nation's top five Best Banks to Work For, having earned the No. 5 spot on the annual list compiled by American Banker magazine and Best Companies Group. The firm is No.1 in its size category of banks with $10 billion or more in assets and has been No. 1 or No. 2 in the category since the inception of these rankings. Aside from Pinnacle, which had $49.2 billion in assets when this ranking.
Neutral
Business Wire
1 month ago
Pinnacle Financial Partners Is a Top 10 Best Workplace for Women
NASHVILLE, Tenn.--(BUSINESS WIRE)--Pinnacle Financial Partners has once again been selected as one of the 2024 Fortune Best Workplaces for Women. This is the firm's seventh time being named to this prestigious list, this year coming in at No.8. Pinnacle previously earned this distinction in 2023, 2022, 2021, 2020, 2018 and 2017. “I am deeply honored that our firm has been recognized as one of the top workplaces for women,” said Summer Yeiser Pinnacle's director of associate and client experienc.
Neutral
Seeking Alpha
2 months ago
Pinnacle Financial Partners, Inc. (PNFP) Q3 2024 Earnings Call Transcript
Pinnacle Financial Partners, Inc. (PNFP) Q3 2024 Earnings Call Transcript
Positive
Zacks Investment Research
2 months ago
Compared to Estimates, Pinnacle Financial (PNFP) Q3 Earnings: A Look at Key Metrics
The headline numbers for Pinnacle Financial (PNFP) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Positive
Zacks Investment Research
2 months ago
Pinnacle Financial (PNFP) Q3 Earnings and Revenues Top Estimates
Pinnacle Financial (PNFP) came out with quarterly earnings of $1.86 per share, beating the Zacks Consensus Estimate of $1.79 per share. This compares to earnings of $1.79 per share a year ago.
Neutral
Business Wire
2 months ago
PNFP Reports 3Q24 Diluted EPS of $1.86 and Net Interest Margin of 3.22 Percent
NASHVILLE, Tenn.--(BUSINESS WIRE)--Pinnacle Financial Partners, Inc. (Nasdaq/NGS: PNFP) reported net income per diluted common share of $1.86 for the quarter ended Sept. 30, 2024, compared to net income per diluted common share of $1.69 for the quarter ended Sept. 30, 2023, an increase of approximately 10.1 percent. Net income per diluted common share was $4.08 for the nine months ended Sept. 30, 2024, compared to $5.99 for the nine months ended Sept. 30, 2023, a decrease of approximately 31.9.
Positive
Zacks Investment Research
2 months ago
Unveiling Pinnacle Financial (PNFP) Q3 Outlook: Wall Street Estimates 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 September 2024.
Positive
Seeking Alpha
2 months ago
Pinnacle Financial Partners: Loan Renewals, Organic Loan Growth To Drive Earnings
A large amount of low-yielding fixed-rate loans will mature in the second half of 2024. The reinvestment will lift the margin despite the falling rate environment. I'm expecting loan growth to improve because of interest rate cuts as well as Tennessee's economic strength. Weakness in the BHG group will likely undermine the growth of core fee income.
Charts implemented using Lightweight Charts™