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Saturday, June 3, 2023

Insights Into Pinnacle Financial Partners Inc. (PNFP) Exposure By Institutions

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Pinnacle Financial Partners Inc. (PNFP) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.09, or 0.17%, to $52.32. The Pinnacle Financial Partners Inc. has recorded 7,837 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Pinnacle Financial Partners Announces 1Q23 Dividend.

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Stocks Info

Pinnacle Financial Partners Inc. is listed on the NASDAQ in the Financial sector while operating in the Banks – Regional industry. At the end of the last regular session, the stock closed at $52.23 and fluctuated between $53.41 as its day high and $50.38 as its day low. The current market capitalization of Pinnacle Financial Partners Inc. is $4.10B. A total of 0.77 million shares were traded on the day, compared to an average of 849.62K shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, PNFP has seen 16 BUY and 18 SELL insider trades, representing the acquisition of 101,563 and the disposition of 57,966 shares. Over the last 12 months, there were 23 BUYs and 38 SELLs from insiders. Insiders purchased 146,766 shares during that period but sold 80,943.

In the most recent transaction, MCCABE ROBERT A JR sold 24,168 shares of PNFP for 73.38 per share on Mar 01. After the transaction, the CHAIRMAN now owns 302,071 company shares. In a previous transaction on Feb 08, MCCABE ROBERT A JR sold 3 shares at 82.26 per share. PNFP shares that CHAIRMAN owns now total 306,249.

Among the insiders who sold shares, MCCABE ROBERT A JR disposed of 5,680 shares on Feb 06 at a per-share price of $80.95. This resulted in the CHAIRMAN holding 306,252 shares of PNFP after the transaction. In another insider transaction, BURNS GREGORY L sold 3,000 shares at $82.00 per share on Feb 03. Company shares held by the Director now total 19,518.


The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Pinnacle Financial Partners Inc. pays an annual dividend of $0.88, resulting in a dividend yield of 1.68%, and it has a price to earnings (P/E) ratio of 7.18. PNFP’s most recent ex-dividend date was 5/4/2023 when it declared a $0.22 quarterly dividend that was paid in cash on 5/26/2023. Previously, the company paid the dividend on 2/24/2023 with an ex-dividend date of 2/2/2023. The PNFP stock dividend was $0.22 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for PNFP in the last 3 months, the mean price target is $69.67 with high estimates of $85.00 and low estimates of $47.00. In terms of 52-week highs and lows, PNFP has a high of $89.00 and a low of $43.31.

As of this writing, PNFP has an earnings estimate of $1.67 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $1.79 per share and a lower estimate of $1.44. The company reported an EPS of $1.76 in the last quarter, which was -13.70% lower than expectations of $2.04.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. Its Book Value Per Share was $72.01, while its Total Shareholder’s Equity was $5.31B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PNFP is Buy with a score of 4.20.

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