$1.15 EPS Expected for Pinnacle Financial Partners, Inc. (PNFP)

June 20, 2018 - By James Guidry

Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) LogoInvestors sentiment increased to 1.33 in Q1 2018. Its up 0.37, from 0.96 in 2017Q4. It is positive, as 24 investors sold Pinnacle Financial Partners, Inc. shares while 71 reduced holdings. 34 funds opened positions while 92 raised stakes. 56.67 million shares or 3.04% less from 58.45 million shares in 2017Q4 were reported.
Nj State Employees Deferred Compensation Plan holds 12,000 shares. Mendon Advsr owns 452,394 shares. Quantitative Systematic Strategies Limited Liability Corporation invested 0.06% of its portfolio in Pinnacle Financial Partners, Inc. (NASDAQ:PNFP). Ubs Asset Management Americas owns 0% invested in Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) for 247,505 shares. Geode Capital Ltd Liability Corp invested in 0.01% or 658,515 shares. Hsbc Holdings Public Ltd Limited Liability Company accumulated 8,740 shares or 0% of the stock. Commonwealth Of Pennsylvania Public School Empls Retrmt, a Pennsylvania-based fund reported 19,950 shares. Oppenheimer Asset Mngmt invested 0.02% in Pinnacle Financial Partners, Inc. (NASDAQ:PNFP). 14,537 were accumulated by Bnp Paribas Arbitrage Sa. Moreover, Vanguard Gp Incorporated has 0.02% invested in Pinnacle Financial Partners, Inc. (NASDAQ:PNFP). Massachusetts Fin Svcs Com Ma owns 261,443 shares or 0.01% of their US portfolio. The New York-based Hilton Mgmt Llc has invested 0.06% in Pinnacle Financial Partners, Inc. (NASDAQ:PNFP). Texas Permanent School Fund holds 0.04% of its portfolio in Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) for 48,983 shares. Employees Retirement Of Texas invested in 56,000 shares or 0.05% of the stock. Guggenheim Ltd Liability Company owns 106,901 shares or 0.02% of their US portfolio.

Since January 8, 2018, it had 0 insider buys, and 16 selling transactions for $10.77 million activity. LOUGHRY ED C JR also sold $120,434 worth of Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) on Friday, February 2. The insider TURNER M TERRY sold $2.09 million. Brock Charles E sold $139,900 worth of stock. 21,253 shares valued at $1.43 million were sold by QUEENER HUGH M on Tuesday, March 6. BURNS GREGORY L sold 3,008 shares worth $200,333. 11,835 shares were sold by CARPENTER HAROLD R, worth $809,929 on Monday, March 12.

Analysts expect Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) to report $1.15 EPS on July, 17.They anticipate $0.31 EPS change or 36.90 % from last quarter’s $0.84 EPS. PNFP’s profit would be $88.74 million giving it 14.35 P/E if the $1.15 EPS is correct. After having $1.13 EPS previously, Pinnacle Financial Partners, Inc.’s analysts see 1.77 % EPS growth. The stock increased 0.53% or $0.35 during the last trading session, reaching $66. About 475,261 shares traded. Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) has risen 9.17% since June 21, 2017 and is uptrending. It has underperformed by 3.40% the S&P500.

Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) Ratings Coverage

Among 9 analysts covering Pinnacle Financial (NASDAQ:PNFP), 8 have Buy rating, 1 Sell and 0 Hold. Therefore 89% are positive. Pinnacle Financial had 16 analyst reports since December 21, 2017 according to SRatingsIntel. The company was maintained on Thursday, January 18 by Piper Jaffray. The company was maintained on Monday, January 8 by SunTrust. The rating was maintained by UBS on Monday, June 11 with “Sell”. The firm has “Buy” rating given on Monday, February 5 by Stephens. As per Wednesday, April 18, the company rating was maintained by Piper Jaffray. Stephens maintained it with “Hold” rating and $72.0 target in Thursday, January 18 report. The firm earned “Buy” rating on Thursday, January 18 by Sandler O’Neill. The stock has “Hold” rating by Keefe Bruyette & Woods on Thursday, December 21. The firm has “Buy” rating by Keefe Bruyette & Woods given on Thursday, February 15. On Wednesday, April 18 the stock rating was upgraded by Hovde Group to “Buy”.

Pinnacle Financial Partners, Inc. operates as a bank holding firm for Pinnacle Bank that provides various banking services and products in the United States. The company has market cap of $5.09 billion. The firm accepts various deposits, including savings, checking, interest-bearing checking, money market, and certificate of deposit accounts. It has a 21.71 P/E ratio. The Company’s loan products include commercial loans, such as equipment and working capital loans; commercial real estate loans comprising investment properties and business loans secured by real estate; and loans to individuals consisting of secured and unsecured installment and term loans and lines of credit, residential first mortgage loans, and home equity loans and lines of credit.

More news for Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) were recently published by: Seekingalpha.com, which released: “Pinnacle Financial Partners (PNFP) Investor Presentation – Slideshow” on June 08, 2018. Businesswire.com‘s article titled: “Pinnacle Financial Partners to Offer Webcast of June 7 Investor Day” and published on June 05, 2018 is yet another important article.

Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) Institutional Positions Chart

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