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Wednesday, December 6, 2023

Is Pinnacle Financial Partners Inc. (NASDAQ: PNFP) No Longer A Good Investment?

After Hours

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. After-hours trades for Pinnacle Financial Partners Inc. (PNFP) shows that investor sentiment remained same, with the stock’s consolidated last price to $72.37. The Pinnacle Financial Partners Inc. has recorded 10,244 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that PNFP Reports 3Q23 Diluted EPS of $1.69, Diluted EPS of $1.79 Excluding Investment Losses.

Stocks Info

PNFP belongs to the Financial sector of the NASDAQ while operating in the Banks – Regional industry. At the end of the last regular session, the stock closed at $72.37 and fluctuated between $72.53 as its day high and $71.33 as its day low. The current market capitalization of Pinnacle Financial Partners Inc. is $5.56B. A total of 0.54 million shares were traded on the day, compared to an average of 469.60K shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, PNFP has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 23 BUYs and 36 SELLs from insiders. Insiders purchased 146,766 shares during that period but sold 77,443.

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.


Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Pinnacle Financial Partners Inc. pays an annual dividend of $0.88, resulting in a dividend yield of 1.22%, and it has a price to earnings (P/E) ratio of 9.34. PNFP’s most recent ex-dividend date was 11/2/2023 when it declared a $0.22 quarterly dividend that was paid in cash on 11/24/2023. Previously, the company paid the dividend on 8/25/2023 with an ex-dividend date of 8/3/2023. The PNFP stock dividend was $0.22 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for PNFP in the last 3 months, the mean price target is $78.20 with high estimates of $87.00 and low estimates of $69.00. In terms of 52-week highs and lows, PNFP has a high of $85.88 and a low of $43.31.

As of this writing, PNFP has an earnings estimate of $1.59 per share for the current quarter. EPS was calculated based on a consensus of 11 estimates, with a high estimate of $1.74 per share and a lower estimate of $1.33. The company reported an EPS of $2.54 in the last quarter, which was 55.80% higher than expectations of $1.63.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. Its Book Value Per Share was $73.23, while its Total Shareholder’s Equity was $5.31B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. 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 4.44.

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