Pinnacle Financial Partners (PNFP) Set to Announce Earnings on Tuesday

Pinnacle Financial Partners (NASDAQ:PNFP) is scheduled to be releasing its earnings data after the market closes on Tuesday, October 15th. Analysts expect Pinnacle Financial Partners to post earnings of $1.81 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Pinnacle Financial Partners (NASDAQ:PNFP) last announced its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.03. The firm had revenue of $366.55 million during the quarter, compared to analysts’ expectations of $426.40 million. Pinnacle Financial Partners had a net margin of 13.93% and a return on equity of 8.97%. On average, analysts expect Pinnacle Financial Partners to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Pinnacle Financial Partners Stock Performance

Shares of NASDAQ PNFP opened at $95.05 on Tuesday. The firm has a fifty day moving average price of $94.03 and a 200-day moving average price of $86.10. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a market cap of $7.34 billion, a PE ratio of 13.60 and a beta of 1.05. Pinnacle Financial Partners has a 1 year low of $59.66 and a 1 year high of $100.76.

Pinnacle Financial Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 2nd were paid a $0.22 dividend. The ex-dividend date was Friday, August 2nd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.93%. Pinnacle Financial Partners’s dividend payout ratio (DPR) is presently 12.59%.

Analysts Set New Price Targets

PNFP has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Pinnacle Financial Partners from $108.00 to $105.00 and set an “overweight” rating for the company in a research note on Thursday, June 27th. Citigroup increased their price objective on shares of Pinnacle Financial Partners from $93.00 to $113.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Barclays raised their target price on shares of Pinnacle Financial Partners from $97.00 to $101.00 and gave the company an “equal weight” rating in a research note on Friday, September 27th. Wells Fargo & Company cut shares of Pinnacle Financial Partners from an “overweight” rating to an “equal weight” rating and set a $100.00 target price for the company. in a research note on Tuesday, October 1st. Finally, Truist Financial raised their target price on shares of Pinnacle Financial Partners from $101.00 to $113.00 and gave the company a “buy” rating in a research note on Friday, September 20th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $102.10.

About Pinnacle Financial Partners

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 balance and sweep accounts, automated bill pay services, electronic receivables processing, lockbox processing, and merchant card acceptance services.