Pinnacle Financial Partners, Inc. (PNFP)

NASDAQ: PNFP · IEX Real-Time Price · USD
87.22
-0.62 (-0.71%)
At close: Dec 29, 2023, 4:00 PM
71.11
-16.11 (-18.47%)
After-hours: Dec 29, 2023, 5:23 PM EST
-0.71%
Market Cap 6.70B
Revenue (ttm) 1.60B
Net Income (ttm) 589.83M
Shares Out 76.77M
EPS (ttm) 7.74
PE Ratio 11.27
Forward PE 12.96
Dividend $0.88 (1.01%)
Ex-Dividend Date Nov 2, 2023
Volume 449,107
Open 87.82
Previous Close 87.84
Day's Range 86.60 - 87.95
52-Week Range 43.31 - 90.32
Beta 1.17
Analysts Buy
Price Target 84.86 (-2.71%)
Earnings Date Jan 16, 2024

About PNFP

Pinnacle Financial Partners, Inc., together with its subsidiaries, operates as the bank holding company for Pinnacle Bank that provides various banking products and services to individuals, businesses, and professional entities in the United States. The company accepts various deposits, including savings, noninterest-bearing and interest-bearing checking, money market, and certificate of deposit accounts. Its loan products include equipment and working capital loans; commercial real estate loans comprising investment properties and business loa... [Read more]

Sector Financials
Founded 2000
Employees 2,841
Stock Exchange NASDAQ
Ticker Symbol PNFP
Full Company Profile

Financial Performance

In 2022, PNFP's revenue was $1.48 billion, an increase of 12.61% compared to the previous year's $1.31 billion. Earnings were $545.55 million, an increase of 6.53%.

Financial Statements

Analyst Forecast

According to 7 analysts, the average rating for PNFP stock is "Buy." The 12-month stock price forecast is $84.86, which is a decrease of -2.71% from the latest price.

Price Target
$84.86
(-2.71% downside)
Analyst Consensus: Buy
Stock Forecasts

News

PNFP Reports 3Q23 Diluted EPS of $1.69, Diluted EPS of $1.79 Excluding Investment Losses

NASHVILLE, Tenn.--(BUSINESS WIRE)--Pinnacle Financial Partners, Inc. (Nasdaq/NGS: PNFP) reported net income per diluted common share of $1.69 for the quarter ended Sept. 30, 2023, compared to net inco...

2 months ago - Business Wire

Pinnacle Financial Partners Announces Dates for Third Quarter 2023 Earnings Release and Conference Call

NASHVILLE, Tenn.--(BUSINESS WIRE)--Pinnacle Financial Partners, Inc. (Nasdaq/NGS: PNFP) today announced it will release its third quarter 2023 financial results on Tuesday, October 17, 2023, after mar...

3 months ago - Business Wire

Wells Fargo downgrades four regional banks and highlights four top names in analyst shift

Wells Fargo analyst Timur Braziler downgraded four U.S. regional banks Wednesday, sharing his four top picks as he assumed coverage of the sector.

3 months ago - Market Watch

Regional banks facing credit losses for commercial real estate: Moody's study

A survey of commercial real estate exposure by U.S. regional banks reveals increasing asset risk and potential credit losses as loans mature over the next 18 months, Moody's Investors Service said.

4 months ago - Market Watch

Moody's downgrades string of smaller mid-sized banks

Moody's analysts issued downgrades on a string of small and mid-sized banks. Should investors be worried about a theme developing in the greater banking landscape?

5 months ago - Yahoo Finance

Quotes - U.S. bank stocks slide after Moody's ratings downgrade

U.S. bank shares slid on Tuesday after Moody's downgraded several small to mid-sized banks and said it may revise the credit ratings of some of the nation's biggest lenders, sparking concerns about th...

5 months ago - Reuters

Moody's cuts credit ratings for banks amid commercial real estate pressures

Moody's Investors Service lowered the ratings for 10 banks, including US Bancorp, Bank of New York Mellon, State Street, and Truist Financial.

5 months ago - New York Post

Moody's says US banks are still strong despite downgrades

Ratings agency Moody's said the U.S. banking sector is still strong even after it downgraded several small to mid-sized lenders and warned it might cut the ratings of several major banks.

5 months ago - Reuters

Moody's lowers its credit ratings on U.S. banks

Moody's lowered its credit ratings on a bunch of U.S. based small and mid-sized banks on Tuesday and placed some of their bigger peers on negative review as well. U.S.

Other symbols: BKMTBBOKFCFRNTRSSTTTFC
5 months ago - Invezz

Moody's Downgrades Credit Ratings For 10 Banks, Puts Six Others On Notice

Ratings agency Moody's cut the credit ratings of several small and midsized banks late Monday and warned other big lenders, citing profitability challenges and funding risks.

Other symbols: BKCFRNTRSSTTTFCUSBASB
5 months ago - Investopedia

Moody's Cuts Ratings at 10 US Banks

US bank stocks declined after Moody's Investors Service lowered its ratings for 10 small and midsize lenders and said it may downgrade major firms including U.S. Bancorp, Bank of New York Mellon Corp....

5 months ago - Bloomberg Markets and Finance

Moody's downgrades US banks, warns of possible cuts to major lenders

Moody's downgraded several small and mid-sized banks and put six major Wall Street lenders on negative watch amid concerns over higher interest rates.

Other symbols: BKBOKFFULTMTBONBSTTTFC
5 months ago - Fox Business

Factbox: Major US banks downgraded by Moody's on worsening outlook

Ratings agency Moody's on Monday downgraded several mid-sized U.S. banks, warning that the credit strength of lenders will likely be tested by funding risks and weaker profits.

5 months ago - Reuters

Moody's cuts ratings of 10 U.S. banks and puts some big names on downgrade watch

Moody's on Monday cut the credit ratings of a host of small and mid-sized U.S. banks and placed several Wall Street big names on negative review.

5 months ago - CNBC

Moody's downgrades 10 US banks, warns of possible cuts to others

Ratings agency Moody's downgraded the credit ratings of several U.S. banks on Monday and warned it was reviewing the status of some of the nation's biggest lenders.

Other symbols: BKBOKFMTBPBSTTTFCUSB
5 months ago - Reuters

Pinnacle Financial Partners Inc: A Strong Contender in the Banking Sector with Good

Pinnacle Financial Partners Inc ( PNFP , Financial), a prominent player in the banking industry, is currently trading at $77.27 with a market cap of $5.93 billion. The stock has seen a gain of 3.57% t...

5 months ago - GuruFocus

PNFP Reports Diluted EPS of $2.54, ROAA of 1.71% and ROATCE of 21.06% for 2Q23

NASHVILLE, Tenn.--(BUSINESS WIRE)--Pinnacle Financial Partners, Inc. (Nasdaq/NGS: PNFP) reported net income per diluted common share of $2.54 for the quarter ended June 30, 2023, compared to net incom...

5 months ago - Business Wire

These 20 banks have had the largest cuts to earnings estimates

Earnings season for the largest U.S. banks will begin on Friday, July 14, when JPMorgan Chase & Co., Citigroup Inc. and Wells Fargo & Co. announce their second-quarter results. Rounding out the “big s...

6 months ago - Market Watch

Pinnacle Financial Partners Announces Dates for Second Quarter 2023 Earnings Release and Conference Call

NASHVILLE, Tenn.--(BUSINESS WIRE)--Pinnacle Financial Partners, Inc. (Nasdaq/NGS: PNFP) today announced it will release its second quarter 2023 financial results on Tuesday, July 18, 2023, after marke...

6 months ago - Business Wire

Regional banks are great investments for a two- or three-year time-horizon, says Sandy Villere

Sandy Villere, partner and portfolio manager at Villere & Co., joins 'The Exchange' to discuss opportunities in regional banks and investing in money market accounts.

Other symbols: CFRKREPBWBS
8 months ago - CNBC Television

4 Undervalued Stocks With Strong EPS Growth Projections

What is a good way to search for high-quality equities to invest in among a plethora of options? One method is to use a stock screener.

Other symbols: ASCSTNG
9 months ago - GuruFocus

Pinnacle Financial Partners Announces 1Q23 Dividend

NASHVILLE, Tenn.--(BUSINESS WIRE)--Pinnacle Financial Partners, Inc. (Nasdaq/NGS: PNFP) announced today that its Board of Directors has approved a $0.22 per share cash dividend to be paid on May 26, 2...

9 months ago - Business Wire

Pinnacle Financial Partners Announces Dates for First Quarter 2023 Earnings Release and Conference Call

NASHVILLE, Tenn.--(BUSINESS WIRE)--Pinnacle Financial Partners, Inc. (Nasdaq/NGS: PNFP) today announced it will release its first quarter 2023 financial results on Monday, April 17, 2023, after market...

9 months ago - Business Wire

Pinnacle Financial Partners' Annual Report Speaks to Stability and "Sustainable Advantage" in Challenging Times

NASHVILLE, Tenn.--(BUSINESS WIRE)--Pinnacle Financial Partners has released its 2022 Annual Report, which not only details its performance but also catalogs how the firm is designed from its very foun...

10 months ago - Business Wire

Pinnacle Financial Partners Again Ranked Among America's Best Banks

NASHVILLE, Tenn.--(BUSINESS WIRE)--Pinnacle ranks among the best of the country's 100 largest banks, according to a Forbes analysis. The firm landed at No. 27 on the list, higher than any other bank h...

11 months ago - Business Wire