Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) is expected to pay $0.14 on Nov 25, 2016. The indicated annual dividend is $0.56. Shareholders owning the stock before Nov 2, 2016 will be eligible to receive the payout. Based on Pinnacle Financial Partners, Inc.’s current price of $51.60, the dividend is 0.27%. This dividend’s record date is Nov 4, 2016 and the announcement date is Oct 19, 2016. The stock increased 0.55% or $0.28 on October 31, hitting $51.6. Pinnacle Financial Partners (NASDAQ:PNFP) has risen 5.91% since March 30, 2016 and is uptrending. It has outperformed by 2.90% the S&P500.
Pinnacle Financial Partners, Inc. is a bank holding company. The company has a market cap of $2.39 billion. Pinnacle operates through its subsidiary, Pinnacle Bank. It has a 18.58 P/E ratio. The Firm operates as a community bank primarily in the urban markets of Nashville and Knoxville, Tennessee.
Insitutional Activity: The institutional sentiment decreased to 1.63 in Q2 2016. Its down 0.07, from 1.7 in 2016Q1. The ratio fall, as 14 funds sold all Pinnacle Financial Partners shares owned while 43 reduced positions. 16 funds bought stakes while 77 increased positions. They now own 29.14 million shares or 0.44% less from 29.27 million shares in 2016Q1.
Capwealth Advsr Limited accumulated 0.12% or 10,005 shares. Texas Permanent School Fund has 0.02% invested in the company for 29,611 shares. Moreover, Amalgamated Commercial Bank has 0.02% invested in Pinnacle Financial Partners (NASDAQ:PNFP) for 5,064 shares. Moreover, Kennedy Cap Mngmt has 0.14% invested in Pinnacle Financial Partners (NASDAQ:PNFP) for 146,781 shares. Employees Retirement Association Of Colorado has invested 0% of its portfolio in Pinnacle Financial Partners (NASDAQ:PNFP). Metropolitan Life Ny has 29,031 shares for 0.01% of their US portfolio. Pinnacle Financial reported 247,243 shares or 3.07% of all its holdings. Hilton Cap Mgmt Lc reported 4,600 shares or 0.07% of all its holdings. Employees Retirement System Of Texas holds 0.01% of its portfolio in Pinnacle Financial Partners (NASDAQ:PNFP) for 18,000 shares. Blackrock Fund Advisors reported 2.47M shares or 0.03% of all its holdings. Princeton Alpha Mngmt L P holds 12,123 shares or 0.11% of its portfolio. Aperio Limited, a California-based fund reported 5,309 shares. Emerald Advisers Inc Pa owns 5,850 shares or 0.01% of their US portfolio. Manufacturers Life Insur The owns 27,109 shares or 0% of their US portfolio. Arizona State Retirement System last reported 20,096 shares in the company.
Insider Transactions: Since June 7, 2016, the stock had 0 insider purchases, and 1 sale for $100,420 net activity. 2,000 shares were sold by HUDDLESTON WILLIAM H IV, worth $100,420 on Tuesday, June 7.
Pinnacle Financial Partners (NASDAQ:PNFP) Ratings Coverage
Out of 11 analysts covering Pinnacle Financial Partners (NASDAQ:PNFP), 3 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 27% are positive. Pinnacle Financial Partners has been the topic of 15 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The rating was upgraded by Wood to “Outperform” on Friday, September 11. The rating was upgraded by Keefe Bruyette & Woods on Friday, September 11 to “Outperform”. Piper Jaffray initiated it with “Neutral” rating and $53 target price in Monday, August 24 report. The company was downgraded on Wednesday, July 22 by Portales Partners. The rating was upgraded by Hovde Group on Monday, January 25 to “Market Perform”. As per Thursday, July 23, the company rating was downgraded by Bruyette & Woods”. The firm earned “Market Perform” rating on Monday, July 27 by FIG Partners. The company was downgraded on Tuesday, September 13 by Sandler O’Neill. Stephens upgraded Pinnacle Financial Partners (NASDAQ:PNFP) on Friday, January 29 to “Overweight” rating. The company was downgraded on Thursday, October 20 by Keefe Bruyette & Woods.
More recent Pinnacle Financial Partners (NASDAQ:PNFP) news were published by: Bizjournals.com which released: “Best Places to Work finalist: Pinnacle Financial Partners” on October 25, 2016. Also Nasdaq.com published the news titled: “Ex-Dividend Reminder: Capitol Federal Financial, Pinnacle Financial Partners …” on October 31, 2016. Nasdaq.com‘s news article titled: “Pinnacle Financial Partners Enters Oversold Territory” with publication date: October 21, 2016 was also an interesting one.
PNFP Company Profile
Pinnacle Financial Partners, Inc. (Pinnacle), incorporated on February 28, 2000, is a bank holding company. Pinnacle operates through its subsidiary, Pinnacle Bank. The Firm operates as a community bank primarily in the urban markets of Nashville and Knoxville, Tennessee. As an urban community bank, Pinnacle provides the personalized service associated with small community banks, while seeking to offer the services and products, such as investments and treasury management, offered by large regional and national banks. Pinnacle Bank offers an array of convenience-centered services and products, including round the clock telephone and Internet banking, mobile banking, debit and credit cards, direct deposit, remote deposit and cash management services for small- to medium-sized businesses. In addition, Pinnacle Bank is associated with a network of automated teller machines of other financial institutions that its clients are able to use throughout Tennessee and other regions across the nation.
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