Media stories about Pinnacle Financial Partners (NASDAQ:PNFP) have trended somewhat positive on Saturday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Pinnacle Financial Partners earned a daily sentiment score of 0.20 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 45.9179837665885 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Pinnacle Financial Partners (NASDAQ PNFP) traded down $0.70 during midday trading on Friday, reaching $66.30. The company had a trading volume of 399,763 shares, compared to its average volume of 354,198. The firm has a market capitalization of $5,207.43, a P/E ratio of 20.53, a price-to-earnings-growth ratio of 1.35 and a beta of 1.31. Pinnacle Financial Partners has a 1-year low of $58.40 and a 1-year high of $71.55. The company has a quick ratio of 0.98, a current ratio of 0.99 and a debt-to-equity ratio of 0.57.
Pinnacle Financial Partners (NASDAQ:PNFP) last posted its quarterly earnings data on Tuesday, October 17th. The financial services provider reported $0.90 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.01. The business had revenue of $216.20 million during the quarter, compared to the consensus estimate of $217.13 million. Pinnacle Financial Partners had a return on equity of 7.36% and a net margin of 27.41%. Pinnacle Financial Partners’s quarterly revenue was up 102.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.78 earnings per share. sell-side analysts anticipate that Pinnacle Financial Partners will post 3.56 earnings per share for the current year.
In related news, Vice Chairman Ronald L. Samuel sold 3,000 shares of the stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $67.28, for a total value of $201,840.00. Following the completion of the sale, the insider now directly owns 55,794 shares in the company, valued at $3,753,820.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Richard D. Callicutt II sold 30,000 shares of the stock in a transaction on Friday, October 20th. The shares were sold at an average price of $67.44, for a total value of $2,023,200.00. Following the completion of the sale, the chairman now owns 168,241 shares of the company’s stock, valued at $11,346,173.04. The disclosure for this sale can be found here. Insiders sold 81,711 shares of company stock valued at $5,481,177 over the last 90 days. 5.41% of the stock is currently owned by company insiders.
Pinnacle Financial Partners Company Profile
Pinnacle Financial Partners, Inc is a bank holding company. The Company operates through its subsidiary, Pinnacle Bank. The Company operates as a community bank primarily in the urban markets of Nashville, Knoxville, Memphis and Chattanooga, Tennessee and other counties. It provides the personalized service associated with small community banks, while seeking to offer the products and services, such as investments and treasury management.
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