This trade activity should not be overlooked: Pinnacle Financial Partners Inc (PNFP)

With 0.55 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.51 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $129.385 whereas the lowest price it dropped to was $124.735. The 52-week range on PNFP shows that it touched its highest point at $128.93 and its lowest point at $63.77 during that stretch. It currently has a 1-year price target of $114.55. With its current market cap of 9.64 billion, PNFP has annualized dividend of $0.88 while the current yield stands at 0.71%. Beta for the stock currently stands at 1.07.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PNFP was up-trending over the past week, with a rise of 1.81%, but this was up by 24.14% over a month. Three-month performance surged to 39.44% while six-month performance rose 47.34%. The stock gained 89.03% in the past year, while it has gained 43.09% so far this year. A look at the trailing 12-month EPS for PNFP yields 5.26 with Next year EPS estimates of 7.62. For the next quarter, that number is 1.78. This implies an EPS growth rate of -3.42% for this year and 12.83% for next year. EPS is expected to grow by 6.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 8.99%.

Float and Shares Shorts:

At present, 76.77 million PNFP shares are outstanding with a float of 75.89 million shares on hand for trading. On 2024-10-31, short shares totaled 1.99 million, which was 257.99999 higher than short shares on 1727654400. In addition to Mr. Robert A. McCabe Jr. as the firm’s Co-Founder & Chairman, Mr. Michael Terry Turner serves as its President, CEO & Director.

Institutional Ownership:

Through their ownership of 0.88238996 of PNFP’s outstanding shares, institutional investors have minority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PNFP since 7 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With PNFP analysts setting a high price target of 130.0 and a low target of 87.0, the average target price over the next 12 months is 112.25. Based on these targets, PNFP could surge 4.17% to reach the target high and fall by -30.29% to reach the target low. Reaching the average price target will result in a decline of -10.06% from current levels.

Analysts have provided yearly estimates in a range of $6.79099 being high and $6.73142 being low. For PNFP, this leads to a yearly average estimate of $6.75128. The surprise factor in the prior quarter was $1.61. Based on analyst estimates, the high estimate for the next quarter is $1.86 and the low estimate is $1.58. The average estimate for the next quarter is thus $1.74.