In Friday’s Wall Street session, Pinnacle Financial Partners Inc (NASDAQ:PNFP) shares traded at $120.24, up 0.33% from the previous session.
PNFP stock price is now 0.70% away from the 50-day moving average and 19.96% away from the 200-day moving average. The market capitalization of the company currently stands at $9.29B.
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With the price target enhanced from $120 to $135, Barclays Upgraded its rating from Equal Weight to Overweight for Pinnacle Financial Partners Inc (NASDAQ: PNFP)., while ‘Keefe Bruyette’ rates the stock as ‘Mkt Perform’
In other news, INGRAM DAVID B, Director sold 40,000 shares of the company’s stock on Feb 06 ’25. The stock was sold for $5,060,000 at an average price of $126.50. Upon completion of the transaction, the Director now directly owns 40,991 shares in the company, valued at $4.93 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 06 ’25, Director INGRAM DAVID B sold 7,071 shares of the business’s stock. A total of $894,835 was realized by selling the stock at an average price of $126.55. This leaves the insider owning 79,728 shares of the company worth $9.59 million. A total of 1.74% of the company’s stock is owned by insiders.
During the past 12 months, Pinnacle Financial Partners Inc has had a low of $73.62 and a high of $131.91. According to the stock market information, the enterprise value for the company is $8540498432, which is based on a 20.08 price-to-earnings ratio, a 1.29 price-to-earnings-growth ratio, and a beta of 1.08. The fifty day moving average price for PNFP is $119.4082 and a two-hundred day moving average price translates $100.23485 for the stock.
The latest earnings results from Pinnacle Financial Partners Inc (NASDAQ: PNFP) was released for 2024-12-31. The net profit margin was 15.31% and return on equity was 7.62% for PNFP. The company reported revenue of $694.87 million for the quarter, compared to $627.29 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.77 percent.
