Pinnacle Financial Partners (PNFP) Receives a Hold from Stephens

By Austin Angelo

In a report released today, Tyler Stafford from Stephens assigned a Hold rating to Pinnacle Financial Partners (PNFPResearch Report), with a price target of $63. The company’s shares closed last Monday at $57.95.

Stafford wrote:

“We think PNFP and the BHG team did a nice job addressing both of these concerns and as a result, investor feedback has been incrementally more positive around the overall BHG business and we believe the related bear thesis lost steam following the event. Below we discuss specific highlights from the investor day.”

According to TipRanks.com, Stafford is a 4-star analyst with an average return of 5.3% and a 58.8% success rate. Stafford covers the Financial sector, focusing on stocks such as Capstar Financial Holdings Inc, Carolina Financial Corporation, and Pacific Premier Bancorp Inc.

Pinnacle Financial Partners has an analyst consensus of Moderate Buy, with a price target consensus of $66.33.

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Pinnacle Financial Partners’ market cap is currently $4.46B and has a P/E ratio of 11.66. The company has a Price to Book ratio of 1.07.

Based on the recent corporate insider activity of 58 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Pinnacle Financial Partners, Inc. operates as a bank holding company, which engages in the provision of financial services. The company also provides personalized services to small community banks, while seeking to offer the products and services, such as investments and treasury management.