Could this be the case of a blown-up long-term opportunity? Pinnacle Financial Partners Inc. (PNFP)

A share price of Pinnacle Financial Partners Inc. [PNFP] is currently trading at $79.05, up down -1.21%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The PNFP shares have gain 0.59% over the last week, with a monthly amount glided 9.09%, and seem to be holding up well over a long-time horizon.

Top 5 Cheap Stocks to Own Right Now

While finding safe stocks with the potential for monster gains isn't always easy, we've found a few that could pay out well. In fact, within our report, "Top 5 Cheap Stock to Own Right Now", we have identified five stocks we believe could appreciate the most even if you just have $1,000 to invest.

Sign up here to get your free report now. .

Sponsored

On 19, July 2022, PNFP Reports Diluted EPS of $1.86, ROAA of 1.46% and ROATCE of 17.62% For 2Q2022. In a post published today on Yahoo Finance, Annualized linked-quarter loan growth of 29.9% for 2Q2022, 31.9% exclusive of PPP paydowns.

From an analyst’s perspective:

Pinnacle Financial Partners Inc. [NASDAQ: PNFP] stock has seen the most recent analyst activity on July 11, 2022, when Jefferies downgraded its rating to a Underperform and also revised its price target to $66 from $85. Previously, Raymond James upgraded its rating to Outperform on July 07, 2022, and kept the price target unchanged to $85. On April 07, 2022, Jefferies initiated with a Hold rating and assigned a price target of $100 on the stock. Seaport Global Securities started tracking the stock assigning a Buy rating and suggested a price target of $103 on May 21, 2021. Wells Fargo upgraded its rating to a Overweight but $105 remained the price target by the analyst firm on April 21, 2021. Raymond James downgraded its rating to Mkt Perform for this stock on April 21, 2021. In a note dated January 04, 2021, Wells Fargo downgraded an Equal Weight rating on this stock and boosted its target price from $48 to $65.

Pinnacle Financial Partners Inc. experienced fluctuations in its stock price throughout the past year between $67.86 and $111.31. Currently, Wall Street analysts expect the stock to reach $96.18 within the next 12 months. Pinnacle Financial Partners Inc. [NASDAQ: PNFP] shares were valued at $79.05 at the most recent close of the market. An investor can expect a potential return of 21.67% based on the average price forecast.

Analyzing the PNFP fundamentals

During the last quarter, Pinnacle Financial Partners Inc. [NASDAQ:PNFP] saw sales of 292.38 billion, an improvement of 2.70%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 78.59 points at the first support level, and at 78.13 for the second support level. However, for the 1st resistance point, the stock is sitting at 79.73, and for the 2nd resistance point, it is at 80.41.

Pinnacle Financial Partners Inc. [PNFP] reported earnings per share of $1.86 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.67/share, meaning a difference of $0.19 and a surprise factor of 11.40%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were $1.65 per share as compared to estimates of $1.57 per share, a difference of $0.08 representing a surprise of 5.10%.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 5.56, the price to book ratio is 1.43 and the P/E (TTM) ratio is 11.36.

Transactions by insiders

Insider trading has also been a hot topic recently, with 0 insiders purchasing 0 shares and 0 selling 0 shares in the past 3 months. Recent insider trading involved BURNS GREGORY L, Director, that happened on Jul 25 when 1500.0 shares were sold. CAO, QUEENER HUGH M completed a deal on Mar 14 to sell 8064.0 shares. Meanwhile, Director BURNS GREGORY L sold 3000.0 shares on Feb 16.