Wells Fargo analyst Mike Mayo maintained a Buy rating on Pinnacle Financial Partners (PNFP – Research Report) yesterday and set a price target of $90.00. The company’s shares closed yesterday at $83.29.
Mayo covers the Financial sector, focusing on stocks such as Citigroup, JPMorgan Chase & Co., and Bank of America. According to TipRanks, Mayo has an average return of 12.5% and a 65.83% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Pinnacle Financial Partners with a $95.11 average price target, which is a 14.19% upside from current levels. In a report released on May 5, KBW also maintained a Buy rating on the stock with a $100.00 price target.
Based on Pinnacle Financial Partners’ latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $94.98 million. In comparison, last year the company earned a revenue of $410.59 million and had a net profit of $148.66 million
Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PNFP in relation to earlier this year.
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Pinnacle Financial Partners (PNFP) Company Description:
Pinnacle Financial Partners, Inc. operates as a bank holding company, which engages in the provision of financial services. It also provides personalized services to small community banks, while seeking to offer the products and services, such as investments and treasury management. Its banking services include investment, mortgage, insurance, and comprehensive wealth management services, in its primary market areas of the Nashville-Davidson-Murfreesboro-Franklin, Tennessee and Knoxville, Tennessee Metropolitan Statistical Areas. The company was founded by Dale W. Polley, M. Terry Turner, Sue G. Atkinson, Reese L. Smith III and Robert A. McCabe, Jr. on February 28, 2000 and is headquartered in Nashville, TN.
Read More on PNFP:
- Insider Trading: Pinnacle Financial Partners (NASDAQ:PNFP) Insiders Sell Shares Worth $15M
- Pinnacle Financial Chairman McCabe sells over $9M in shares
- Pinnacle Financial Partners’ Governance and Strategy Affirmed at Annual Meeting
- Pinnacle Financial price target lowered to $94 from $99 at Truist
- Pinnacle Financial reports Q1 EPS $1.57, consensus $1.54
