Pinnacle Financial Partners (PNFP) Receives News Impact Score of 0.12

Press coverage about Pinnacle Financial Partners (NASDAQ:PNFP) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Pinnacle Financial Partners earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 46.0844182003266 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:

• Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) Receives Consensus Rating of “Hold” from Analysts (americanbankingnews.com)
• How Pinnacle Financial Partners Cracked the Nut on Rapid and Responsible Growth (finance.yahoo.com)
• See what the IHS Markit Score report has to say about Pinnacle Financial Partners Inc. (finance.yahoo.com)
• A Foolish Take: The David That's Beating Goliaths in the Bank Industry (finance.yahoo.com)
• A Foolish Take: The David That’s Beating Goliath in the Bank Industry (fool.com)

Pinnacle Financial Partners (NASDAQ:PNFP) opened at 60.30 on Friday. The stock has a market capitalization of $4.64 billion, a P/E ratio of 19.37 and a beta of 1.27. The stock has a 50 day moving average price of $63.51 and a 200-day moving average price of $64.90. Pinnacle Financial Partners has a one year low of $49.40 and a one year high of $71.85.

Pinnacle Financial Partners (NASDAQ:PNFP) last announced its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.04. The business had revenue of $141.70 million for the quarter, compared to analysts’ expectations of $130.23 million. Pinnacle Financial Partners had a return on equity of 7.67% and a net margin of 27.36%. The company’s revenue for the quarter was up 31.4% compared to the same quarter last year. During the same period last year, the firm earned $0.75 earnings per share. Analysts anticipate that Pinnacle Financial Partners will post $3.46 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Friday, August 4th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend is Wednesday, August 2nd. Pinnacle Financial Partners’s payout ratio is currently 18.01%.

Several research firms have commented on PNFP. BidaskClub downgraded Pinnacle Financial Partners from a “sell” rating to a “strong sell” rating in a report on Tuesday. Stephens reiterated a “hold” rating and issued a $71.00 price target on shares of Pinnacle Financial Partners in a report on Thursday, July 20th. Finally, Hilliard Lyons reiterated a “neutral” rating and issued a $69.00 price target (down from $71.00) on shares of Pinnacle Financial Partners in a report on Saturday, April 22nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. Pinnacle Financial Partners presently has an average rating of “Hold” and an average price target of $65.20.

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In other news, CEO M Terry Turner sold 101,480 shares of the stock in a transaction on Monday, July 24th. The stock was sold at an average price of $64.82, for a total value of $6,577,933.60. Following the sale, the chief executive officer now directly owns 538,441 shares in the company, valued at $34,901,745.62. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Joseph C. Galante acquired 1,000 shares of Pinnacle Financial Partners stock in a transaction dated Wednesday, May 31st. The stock was bought at an average price of $59.73 per share, for a total transaction of $59,730.00. Following the completion of the purchase, the director now owns 18,511 shares of the company’s stock, valued at approximately $1,105,662.03. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 1,425 shares of company stock worth $86,180 and sold 107,480 shares worth $6,962,234. 5.41% of the stock is currently owned by company insiders.

Pinnacle Financial Partners Company Profile

Pinnacle Financial Partners, Inc is a bank holding company. The Company operates through its subsidiary, Pinnacle Bank. The Company operates as a community bank primarily in the urban markets of Nashville, Knoxville, Memphis and Chattanooga, Tennessee and other counties. It provides the personalized service associated with small community banks, while seeking to offer the products and services, such as investments and treasury management.