Pinnacle Financial Partners Inc. [PNFP] stock is trading at $78.46, up 0.17%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The PNFP shares have lost -2.49% over the last week, with a monthly amount drifted -2.04%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Pinnacle Financial Partners Inc. [NASDAQ: PNFP] stock has seen the most recent analyst activity on March 08, 2024, when Barclays initiated its Equal Weight rating and assigned the stock a price target of $93. Previously, Citigroup started tracking the stock with Buy rating on December 01, 2023, and set its price target to $86. On October 10, 2023, upgrade upgraded it’s rating to Hold but maintained its price target of $71 on the stock. Raymond James downgraded its rating to a Mkt Perform. Jefferies downgraded its rating to a Underperform and reduced its price target to $66 on July 11, 2022. Raymond James upgraded its rating to Outperform for this stock on July 07, 2022, but kept the price target unchanged to $85. In a note dated April 07, 2022, Jefferies initiated an Hold rating and provided a target price of $100 on this stock.
Pinnacle Financial Partners Inc. [PNFP] stock has fluctuated between $43.31 and $92.33 over the past year. Currently, Wall Street analysts expect the stock to reach $104 within the next 12 months. Pinnacle Financial Partners Inc. [NASDAQ: PNFP] shares were valued at $78.46 at the most recent close of the market. An investor can expect a potential return of 32.55% based on the average PNFP price forecast.
Analyzing the PNFP fundamentals
Pinnacle Financial Partners Inc. [NASDAQ:PNFP] reported sales of 2.61B for the trailing twelve months, which represents a growth of 37.68%. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.4%, Pretax Profit Margin comes in at 0.37%, and Net Profit Margin reading is 0.29%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.1 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.47.
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 77.72 points at the first support level, and at 76.97 for the second support level. However, for the 1st resistance point, the stock is sitting at 79.31, and for the 2nd resistance point, it is at 80.15.
Ratios To Look Out For
For context, Pinnacle Financial Partners Inc.’s Current Ratio is 0.17. Considering the valuation of this stock, the price to sales ratio is 2.32, the price to book ratio is 1.04 and price to earnings (TTM) ratio is 10.93.
Transactions by insiders
Recent insider trading involved TURNER M TERRY, CEO, that happened on Mar 12 ’24 when 24057.0 shares were sold. CHAIRMAN, MCCABE ROBERT A JR completed a deal on Mar 12 ’24 to sell 22857.0 shares. Meanwhile, Chairman-Carolinas & Virginia CALLICUTT RICHARD D II sold 11030.0 shares on Mar 12 ’24.
