Can analysts adopt a bullish outlook for Pinnacle Financial Partners, Inc. (NASDAQ:PNFP)?

June 14, 2018 - By Clifton Ray

Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) LogoInvestors sentiment increased to 1.33 in 2018 Q1. Its up 0.37, from 0.96 in 2017Q4. It is positive, as 24 investors sold Pinnacle Financial Partners, Inc. shares while 71 reduced holdings. 34 funds opened positions while 92 raised stakes. 56.67 million shares or 3.04% less from 58.45 million shares in 2017Q4 were reported.
Wedge Capital Management L Ltd Partnership Nc holds 0.34% of its portfolio in Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) for 556,252 shares. Tiaa Cref Investment Management Ltd Liability Company holds 0.01% of its portfolio in Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) for 224,834 shares. Geode Capital Mgmt Ltd Llc has 658,515 shares for 0.01% of their portfolio. Mountain Pacific Investment Advisers Id reported 1.74% in Pinnacle Financial Partners, Inc. (NASDAQ:PNFP). Louisiana State Employees Retirement System invested in 19,400 shares or 0.06% of the stock. State Common Retirement Fund reported 0.02% stake. Moreover, Tower Research Capital Limited Liability (Trc) has 0.03% invested in Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) for 4,681 shares. Brinker Cap Inc has invested 0.09% in Pinnacle Financial Partners, Inc. (NASDAQ:PNFP). Barclays Public Limited Liability Company reported 20,501 shares. Vantage Inv Advsrs Ltd Limited Liability Company holds 701 shares. First Tru Advsr Limited Partnership reported 124,942 shares or 0.02% of all its holdings. Cortina Asset Mngmt Limited Liability Corp, Wisconsin-based fund reported 202,888 shares. Raymond James And Associates has 0.01% invested in Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) for 88,521 shares. 549,136 are held by Loomis Sayles Limited Partnership. Renaissance Tech Ltd Liability Corp accumulated 86,996 shares.

Since December 15, 2017, it had 0 buys, and 16 insider sales for $10.77 million activity. Another trade for 33,065 shares valued at $2.24 million was made by TURNER M TERRY on Wednesday, March 7. Another trade for 20,000 shares valued at $1.31 million was sold by CALLICUTT RICHARD D II. The insider BURNS GREGORY L sold 3,008 shares worth $200,333. The insider QUEENER HUGH M sold $1.43M. 19,515 Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) shares with value of $1.32M were sold by MCCABE ROBERT A JR. Brock Charles E sold $139,900 worth of stock.

Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) Ratings Coverage

Among 9 analysts covering Pinnacle Financial (NASDAQ:PNFP), 8 have Buy rating, 1 Sell and 0 Hold. Therefore 89% are positive. Pinnacle Financial had 16 analyst reports since December 21, 2017 according to SRatingsIntel. The firm has “Buy” rating given on Tuesday, April 10 by Raymond James. The firm earned “Hold” rating on Thursday, January 18 by Stephens. The firm earned “Buy” rating on Thursday, January 18 by Piper Jaffray. The firm earned “Buy” rating on Thursday, January 18 by Sandler O’Neill. The stock of Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) has “Buy” rating given on Wednesday, January 17 by SunTrust. Keefe Bruyette & Woods maintained Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) rating on Wednesday, January 17. Keefe Bruyette & Woods has “Hold” rating and $73.0 target. The company was maintained on Monday, February 26 by Keefe Bruyette & Woods. UBS maintained Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) on Monday, June 11 with “Sell” rating. Piper Jaffray maintained it with “Buy” rating and $7400 target in Wednesday, April 18 report. The firm has “Buy” rating by SunTrust given on Monday, January 8. Below is a list of Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) latest ratings and price target changes.

11/06/2018 Broker: UBS Rating: Sell New Target: $56.0000 Maintain
18/04/2018 Broker: Piper Jaffray Rating: Buy New Target: $74.0000 Maintain
18/04/2018 Broker: Hovde Group Rating: Buy New Target: $72.0000 Upgrade
10/04/2018 Broker: Raymond James Rating: Buy Upgrade
22/03/2018 Broker: UBS Rating: Sell New Target: $56 Initiates Coverage On
26/02/2018 Broker: Keefe Bruyette & Woods Rating: Buy New Target: $80.0 Maintain
15/02/2018 Broker: Keefe Bruyette & Woods Rating: Buy New Target: $78.0 Upgrade
05/02/2018 Broker: Stephens Rating: Buy Upgrade
18/01/2018 Broker: Piper Jaffray Rating: Buy New Target: $75.0 Maintain
18/01/2018 Broker: Sandler O’Neill Rating: Buy New Target: $76.0 Maintain

The stock increased 0.11% or $0.08 during the last trading session, reaching $65.43. About 384,215 shares traded. Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) has risen 9.17% since June 14, 2017 and is uptrending. It has underperformed by 3.40% the S&P500.

Pinnacle Financial Partners, Inc. operates as a bank holding firm for Pinnacle Bank that provides various banking services and products in the United States. The company has market cap of $5.05 billion. The firm accepts various deposits, including savings, checking, interest-bearing checking, money market, and certificate of deposit accounts. It has a 21.52 P/E ratio. The Company’s loan products include commercial loans, such as equipment and working capital loans; commercial real estate loans comprising investment properties and business loans secured by real estate; and loans to individuals consisting of secured and unsecured installment and term loans and lines of credit, residential first mortgage loans, and home equity loans and lines of credit.

More important recent Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) news were published by: Businesswire.com which released: “Pinnacle Financial Partners to Offer Webcast of June 7 Investor Day” on June 05, 2018, also Nasdaq.com published article titled: “Investor Expectations to Drive Momentum within Sun Communities, Anheuser-Busch InBev SA/NV, New Media …”, Bizjournals.com published: “Big booze business buys a much larger headquarters” on June 06, 2018. More interesting news about Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) was released by: Seekingalpha.com and their article: “Pinnacle Financial Partners (PNFP) Investor Presentation – Slideshow” with publication date: June 08, 2018.

Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) Institutional Positions Chart

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