News stories about Pinnacle Financial Partners (NASDAQ:PNFP) have been trending somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research group identifies positive and negative media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Pinnacle Financial Partners earned a daily sentiment score of 0.18 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 46.411385174482 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- Pinnacle Financial’s Earnings: A Preview (finance.yahoo.com)
- Why Earnings Season Could Be Great for Pinnacle Financial (PNFP) (finance.yahoo.com)
- Taking stock: Pinnacle’s Turner books options profit (nashvillepost.com)
- M Terry Turner Sells 31,171 Shares of Pinnacle Financial Partners, Inc. (PNFP) Stock (americanbankingnews.com)
- SunTrust Banks Comments on Pinnacle Financial Partners, Inc.’s FY2018 Earnings (PNFP) (americanbankingnews.com)
Pinnacle Financial Partners (NASDAQ PNFP) traded down $0.70 during midday trading on Tuesday, hitting $67.85. The stock had a trading volume of 693,700 shares, compared to its average volume of 458,730. Pinnacle Financial Partners has a fifty-two week low of $58.40 and a fifty-two week high of $71.55. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.98 and a current ratio of 0.99. The stock has a market cap of $5,327.90, a price-to-earnings ratio of 21.01, a PEG ratio of 1.04 and a beta of 1.31.
A number of research analysts have weighed in on PNFP shares. SunTrust Banks restated a “buy” rating and issued a $74.00 price objective on shares of Pinnacle Financial Partners in a report on Friday, October 20th. Zacks Investment Research upgraded Pinnacle Financial Partners from a “hold” rating to a “buy” rating and set a $76.00 price objective on the stock in a report on Wednesday, December 20th. BidaskClub lowered Pinnacle Financial Partners from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. Piper Jaffray Companies restated an “overweight” rating and issued a $72.00 price objective on shares of Pinnacle Financial Partners in a report on Thursday, October 5th. Finally, Hilliard Lyons upgraded Pinnacle Financial Partners from a “neutral” rating to a “buy” rating in a report on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. Pinnacle Financial Partners has an average rating of “Buy” and a consensus target price of $75.17.
In other news, CEO M Terry Turner sold 31,171 shares of Pinnacle Financial Partners stock in a transaction on Monday, January 8th. The stock was sold at an average price of $67.11, for a total transaction of $2,091,885.81. Following the transaction, the chief executive officer now owns 489,701 shares in the company, valued at approximately $32,863,834.11. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Richard D. Callicutt II sold 30,000 shares of Pinnacle Financial Partners stock in a transaction on Friday, October 20th. The stock was sold at an average price of $67.44, for a total value of $2,023,200.00. Following the transaction, the chairman now owns 168,241 shares in the company, valued at approximately $11,346,173.04. The disclosure for this sale can be found here. In the last quarter, insiders have sold 112,882 shares of company stock worth $7,573,063. Insiders own 5.41% of the company’s stock.
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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