With 0.31 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.49 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $116.21 whereas the lowest price it dropped to was $112.6. The 52-week range on PNFP shows that it touched its highest point at $131.91 and its lowest point at $73.62 during that stretch. It currently has a 1-year price target of $131.00. With its current market cap of 8.92 billion, PNFP has annualized dividend of $0.88 while the current yield stands at 0.76%. Beta for the stock currently stands at 1.09.
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 0.96%, but this was down by -8.71% over a month. Three-month performance surged to 22.90% while six-month performance rose 44.07%. The stock gained 33.11% in the past year, while it has gained 0.96% so far this year. A look at the trailing 12-month EPS for PNFP yields 5.26 with Next year EPS estimates of 7.61. For the next quarter, that number is 1.78. This implies an EPS growth rate of -3.57% for this year and 12.87% 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, 77.23 million PNFP shares are outstanding with a float of 75.84 million shares on hand for trading. On 2024-12-13, short shares totaled 1.77 million, which was 229.99999999999997 higher than short shares on 1731628800. 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 0.89352995 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 142.0 and a low target of 120.0, the average target price over the next 12 months is 131.0. Based on these targets, PNFP could surge 22.95% to reach the target high and rise by 3.91% to reach the target low. Reaching the average price target will result in a growth of 13.43% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $6.78983 being high and $6.72045 being low. For PNFP, this leads to a yearly average estimate of $6.74027.
