With 0.5 million shares changed hands, the volume of the stock remained lighter 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 $122.865 whereas the lowest price it dropped to was $120.48. The 52-week range on PNFP shows that it touched its highest point at $129.38 and its lowest point at $70.03 during that stretch. It currently has a 1-year price target of $117.20. With its current market cap of 9.38 billion, PNFP has annualized dividend of $0.88 while the current yield stands at 0.72%. Beta for the stock currently stands at 1.05.
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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 down-trending over the past week, with a drop of -2.68%, but this was up by 18.20% over a month. Three-month performance surged to 29.45% while six-month performance rose 48.98%. The stock gained 67.73% in the past year, while it has gained 39.25% 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 -3.49% for this year and 12.99% 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 0.89391 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 138.0 and a low target of 97.0, the average target price over the next 12 months is 117.2. Based on these targets, PNFP could surge 13.63% to reach the target high and fall by -20.13% to reach the target low. Reaching the average price target will result in a decline of -3.5% from current levels.
Analysts have provided yearly estimates in a range of $6.78562 being high and $6.7261 being low. For PNFP, this leads to a yearly average estimate of $6.74594. The surprise factor in the prior quarter was $1.61. Based on analyst estimates, the high estimate for the next quarter is $1.88 and the low estimate is $1.58. The average estimate for the next quarter is thus $1.73.
