That’s why I Feel Comfortable With Pinnacle Financial Partners Inc.’s (PNFP) Future

As of right now, Pinnacle Financial Partners Inc. [PNFP] is trading at $82.01, up 4.29%. 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 8.08% over the last week, with a monthly amount glided 15.00%, and seem to be holding up well over a long-time horizon.

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On 17, January 2023, PNFP Reports Diluted EPS of $1.76, ROAA of 1.29% and ROATCE of 15.95% For 4Q2022. In a post published today on Yahoo Finance, 4Q22 annualized linked-quarter loans grew 19.2%, while deposits grew 15.1%.

From an analyst’s perspective:

Pinnacle Financial Partners Inc. [NASDAQ: PNFP] stock has seen the most recent analyst activity on October 06, 2022, when Raymond James downgraded its rating to a Mkt Perform. Previously, Jefferies downgraded its rating to Underperform on July 11, 2022, and dropped its price target to $66. On July 07, 2022, upgrade upgraded it’s rating to Outperform but maintained its price target of $85 on the stock. Jefferies started tracking the stock assigning a Hold rating and suggested a price target of $100 on April 07, 2022. Seaport Global Securities initiated its recommendation with a Buy and recommended $103 as its price target on May 21, 2021. Wells Fargo upgraded its rating to Overweight for this stock on April 21, 2021, but kept the price target unchanged to $105. In a note dated April 21, 2021, Raymond James downgraded an Mkt Perform rating on this stock.

Through the last year, Pinnacle Financial Partners Inc.’s stock price ranged from $67.86 to $103.14. Currently, Wall Street analysts expect the stock to reach $85.72 within the next 12 months. Pinnacle Financial Partners Inc. [NASDAQ: PNFP] shares were valued at $82.01 at the most recent close of the market. An investor can expect a potential return of 4.52% based on the average PNFP price forecast.

Analyzing the PNFP fundamentals

For Pinnacle Financial Partners Inc., (PNFP), the latest quarter sales were 451.18 billion, which represents an 42.50% increase.

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 79.55 points at the first support level, and at 77.08 for the second support level. However, for the 1st resistance point, the stock is sitting at 83.48, and for the 2nd resistance point, it is at 84.94.

Pinnacle Financial Partners Inc. [PNFP] reported earnings per share of $1.91 for its fiscal quarter that ended on 9/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.89/share, meaning a difference of $0.02 and a surprise factor of 1.10%. By comparison, the stated earnings for the previous quarter ended on 6/29/2022 were $1.86 per share as compared to estimates of $1.67 per share, a difference of $0.19 representing a surprise of 11.40%.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 3.40, the price to book ratio is 1.06 and the P/E (TTM) ratio is 11.43.

Transactions by insiders

Recent insider trading involved Galante Joseph C, Director, that happened on Jan 20 when 1000.0 shares were purchased. Director, BURNS GREGORY L completed a deal on Oct 31 to sell 2000.0 shares. Meanwhile, Director BURNS GREGORY L sold 1500.0 shares on Jul 25.