Pinnacle Financial Partners (PNFP) Receiving Somewhat Favorable Media Coverage, Analysis Shows
Headlines about Pinnacle Financial Partners (NASDAQ:PNFP) have trended somewhat positive on Wednesday, Accern Sentiment reports. Accern identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Pinnacle Financial Partners earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 45.7212556902764 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media stories that may have impacted Accern’s scoring:
- Pinnacle Financial Partners (PNFP) Expected to Post Quarterly Sales of $236.67 Million (americanbankingnews.com)
- $1.20 EPS Expected for Pinnacle Financial Partners (PNFP) This Quarter (americanbankingnews.com)
- Why Pinnacle Financial Partners Inc’s (NASDAQ:PNFP) Risk Control Makes It Attractive (finance.yahoo.com)
- Ronald L. Samuel Sells 1,600 Shares of Pinnacle Financial Partners (PNFP) Stock (americanbankingnews.com)
PNFP opened at $65.40 on Wednesday. The company has a market cap of $5.03 billion, a price-to-earnings ratio of 18.32, a PEG ratio of 0.98 and a beta of 1.02. Pinnacle Financial Partners has a 52 week low of $58.40 and a 52 week high of $69.95. The company has a current ratio of 0.99, a quick ratio of 0.98 and a debt-to-equity ratio of 0.54.
The company also recently declared a quarterly dividend, which was paid on Friday, August 31st. Shareholders of record on Friday, August 3rd were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend was Thursday, August 2nd. Pinnacle Financial Partners’s dividend payout ratio (DPR) is 15.69%.
PNFP has been the topic of several research analyst reports. BidaskClub raised Pinnacle Financial Partners from a “hold” rating to a “buy” rating in a research report on Tuesday, May 22nd. ValuEngine raised Pinnacle Financial Partners from a “sell” rating to a “hold” rating in a research report on Thursday, June 21st. Finally, Hovde Group reissued an “outperform” rating and set a $75.00 target price (up previously from $72.00) on shares of Pinnacle Financial Partners in a research report on Friday, June 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $72.75.
In other Pinnacle Financial Partners news, Vice Chairman Ronald L. Samuel sold 1,600 shares of Pinnacle Financial Partners stock in a transaction that occurred on Tuesday, August 28th. The stock was sold at an average price of $64.21, for a total transaction of $102,736.00. Following the transaction, the insider now owns 29,575 shares of the company’s stock, valued at $1,899,010.75. The transaction was disclosed in a filing with the SEC, which is available at this link. In the last ninety days, insiders have sold 4,800 shares of company stock worth $304,704. 3.39% of the stock is currently owned by corporate insiders.
About Pinnacle Financial Partners
Pinnacle Financial Partners, Inc operates as a bank holding company for Pinnacle Bank that provides various banking products and services in the United States. The company accepts various deposits, including savings, checking, interest-bearing checking, money market, and certificate of deposit accounts.
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