Pinnacle Financial Partners Inc. (NASDAQ: PNFP) has a higher price-to-earnings ratio of 18.81x compared to its average ratio. PNFP has 36-month beta value of 1.08. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 1 as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for PNFP is 75.56M, and currently, short sellers hold a 1.69% ratio of that float. The average trading volume of PNFP on July 18, 2024 was 457.40K shares.
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PNFP) stock’s latest price update
The stock of Pinnacle Financial Partners Inc. (NASDAQ: PNFP) has increased by 1.88 when compared to last closing price of 93.97. Despite this, the company has experienced a 12.64% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-07-18 that TBV per share continues to increase not having the weight of unrealized losses. Management aims to reduce exposure to CRE loans, increase loan yield, and reinvest in securities to improve NIM. PNFP is positioned for growth with the potential for improved profitability and a buy rating based on past performance and current strategies.
PNFP’s Market Performance
Pinnacle Financial Partners Inc. (PNFP) has seen a 12.64% rise in stock performance for the week, with a 25.52% gain in the past month and a 22.22% surge in the past quarter. The volatility ratio for the week is 5.03%, and the volatility levels for the past 30 days are at 3.00% for PNFP. The simple moving average for the past 20 days is 18.77% for PNFP’s stock, with a 21.33% simple moving average for the past 200 days.
Analysts’ Opinion of PNFP
Hovde Group, on the other hand, stated in their research note that they expect to see PNFP reach a price target of $99, previously predicting the price at $104. The rating they have provided for PNFP stocks is “Outperform” according to the report published on April 23rd, 2024.
Barclays gave a rating of “Equal Weight” to PNFP, setting the target price at $93 in the report published on March 08th of the current year.
PNFP Trading at 19.55% from the 50-Day Moving Average
After a stumble in the market that brought PNFP to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 0.59% of gains for the given period.
Volatility was left at 3.00%, however, over the last 30 days, the volatility rate increased by 5.03%, as shares surge +25.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.17% upper at present.
During the last 5 trading sessions, PNFP rose by +13.04%, which changed the moving average for the period of 200-days by +43.06% in comparison to the 20-day moving average, which settled at $81.59. In addition, Pinnacle Financial Partners Inc. saw 9.76% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PNFP starting from BURNS GREGORY L, who sale 1,500 shares at the price of $83.00 back on May 09 ’24. After this action, BURNS GREGORY L now owns 20,091 shares of Pinnacle Financial Partners Inc., valued at $124,500 using the latest closing price.
CALLICUTT RICHARD D II, the Chairman-Carolinas & Virginia of Pinnacle Financial Partners Inc., sale 13,923 shares at $81.50 during a trade that took place back on Apr 26 ’24, which means that CALLICUTT RICHARD D II is holding 83,303 shares at $1,134,752 based on the most recent closing price.
Stock Fundamentals for PNFP
Current profitability levels for the company are sitting at:
- 0.18 for the present operating margin
- 1.1 for the gross margin
The net margin for Pinnacle Financial Partners Inc. stands at 0.16. The total capital return value is set at 0.01. Equity return is now at value 6.73, with 0.84 for asset returns.
Based on Pinnacle Financial Partners Inc. (PNFP), the company’s capital structure generated 0.31 points at debt to capital in total, while cash flow to debt ratio is standing at 0.1. The debt to equity ratio resting at 0.45. The interest coverage ratio of the stock is 0.64.
Currently, EBITDA for the company is 7.09 million with net debt to EBITDA at 18.06. When we switch over and look at the enterprise to sales, we see a ratio of 4.11. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.33.
Conclusion
To put it simply, Pinnacle Financial Partners Inc. (PNFP) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
