Pinnacle Financial Partners, Inc. (PNFP)

NASDAQ: PNFP · IEX Real-Time Price · USD
74.99
-1.22 (-1.60%)
Jun 14, 2024, 4:00 PM EDT - Market closed
-1.60%
Market Cap 5.79B
Revenue (ttm) 1.61B
Net Income (ttm) 533.63M
Shares Out 77.22M
EPS (ttm) 6.95
PE Ratio 10.79
Forward PE 10.32
Dividend $0.88 (1.17%)
Ex-Dividend Date May 2, 2024
Volume 142,561
Open 75.56
Previous Close 76.21
Day's Range 74.35 - 76.00
52-Week Range 52.91 - 92.33
Beta 1.08
Analysts Buy
Price Target 95.56 (+27.43%)
Earnings Date Jul 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; and provides treasury management services, which includes online wire origination, enhanced ACH origination services, positive pay, zero bala... [Read more]

Sector Financials
Founded 2000
Employees 3,357
Stock Exchange NASDAQ
Ticker Symbol PNFP
Full Company Profile

Financial Performance

In 2023, PNFP's revenue was $1.60 billion, an increase of 8.41% compared to the previous year's $1.48 billion. Earnings were $546.96 million, an increase of 0.26%.

Financial Statements

Analyst Forecast

According to 9 analysts, the average rating for PNFP stock is "Buy." The 12-month stock price forecast is $95.56, which is an increase of 27.43% from the latest price.

Price Target
$95.56
(27.43% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Pinnacle Financial Partners Announces 1Q24 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 31, 2...

7 weeks ago - Business Wire

PNFP Reports 1Q24 Diluted EPS of $1.57

NASHVILLE, Tenn.--(BUSINESS WIRE)--Pinnacle Financial Partners, Inc. (Nasdaq/NGS: PNFP) reported net income per diluted common share of $1.57 for the quarter ended March 31, 2024, compared to net inco...

7 weeks ago - Business Wire

Pinnacle Financial Partners Announces Dates for First Quarter 2024 Earnings Release and Conference Call

NASHVILLE, Tenn.--(BUSINESS WIRE)---- $PNFP--Pinnacle Financial Partners, Inc. (Nasdaq/NGS: PNFP) today announced it will release its first quarter 2024 financial results on Monday, April 22, 2024, af...

2 months ago - Business Wire

Pinnacle Earns 30 Greenwich Excellence and Greenwich Best Brand Awards

NASHVILLE, Tenn.--(BUSINESS WIRE)---- $PNFP--Pinnacle Financial Partners has earned 24 Greenwich Excellence and six Greenwich Best Brand Awards, recognizing the firm as one of very few financial insti...

4 months ago - Business Wire

Pinnacle Financial Partners Takes Center Stage as the Exclusive Naming Rights Partner of Nashville Yards' State-of-the-Art Live Music Venue: “The Pinnacle”

NASHVILLE, Tenn.--(BUSINESS WIRE)--Pinnacle Financial Partners new naming rights partner of Nashville Yards' 4,500-capacity music venue per JV partners Southwest Value Partners and AEG.

4 months ago - Business Wire

Pinnacle Financial CEO on Q4 earnings, real estate loans

Terry Turner, Pinnacle Financial Partners CEO, joins 'Money Movers' to discuss Turner's expectations for the company's expenses, if it's possible to generate positive operating leverage with current d...

5 months ago - CNBC Television

Pinnacle Financial Partners Recruits High-Performing Team for Expansion Into North Florida

JACKSONVILLE, Fla.--(BUSINESS WIRE)--Pinnacle Financial Partners has entered the North Florida region with the addition of five veteran financial services professionals to build the firm's presence fr...

5 months ago - Business Wire

PNFP Reports 4Q23 Diluted EPS of $1.19, Diluted EPS of $1.68 Excluding FDIC Special Assessment and BOLI Restructuring Charges

NASHVILLE, Tenn.--(BUSINESS WIRE)--Pinnacle Financial Partners, Inc. (Nasdaq/NGS: PNFP) reported net income per diluted common share of $1.19 for the quarter ended Dec. 31, 2023, compared to net incom...

5 months ago - Business Wire

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

NASHVILLE, Tenn.--(BUSINESS WIRE)--Pinnacle Financial Partners, Inc. (Nasdaq/NGS: PNFP) today announced it will release its fourth quarter 2023 financial results on Tuesday, Jan. 16, 2024, after marke...

5 months ago - Business Wire

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...

8 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...

9 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.

9 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.

10 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?

11 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...

11 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.

11 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.

11 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
11 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
11 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....

11 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
11 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.

11 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.

11 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
11 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...

11 months ago - GuruFocus