$1.09 EPS Expected for Pinnacle Financial Partners, Inc. (PNFP)

March 20, 2018 - By Peter Erickson

 $1.09 EPS Expected for Pinnacle Financial Partners, Inc. (PNFP)
Investors sentiment decreased to 1.47 in 2017 Q3. Its down 0.92, from 2.39 in 2017Q2. It worsened, as 24 investors sold Pinnacle Financial Partners, Inc. shares while 66 reduced holdings. 32 funds opened positions while 100 raised stakes. 55.20 million shares or 3.94% more from 53.10 million shares in 2017Q2 were reported.
King Luther Cap Mngmt invested in 0.05% or 80,960 shares. Nj State Employees Deferred Compensation Plan has 10,000 shares. Dana Invest Advsr owns 43,264 shares. North Carolina-based Wedge Capital L Ltd Partnership Nc has invested 0.17% in Pinnacle Financial Partners, Inc. (NASDAQ:PNFP). Paloma Management has invested 0% in Pinnacle Financial Partners, Inc. (NASDAQ:PNFP). Zacks Management invested in 0.03% or 17,533 shares. Deutsche Fincl Bank Ag stated it has 169,570 shares or 0.01% of all its holdings. Salem Inv Counselors holds 0% or 602 shares in its portfolio. Jpmorgan Chase & Communication invested in 0% or 255,356 shares. State Of Wisconsin Invest Board has invested 0.02% of its portfolio in Pinnacle Financial Partners, Inc. (NASDAQ:PNFP). Mutual Of America Cap Limited Liability holds 0.13% in Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) or 114,446 shares. Diversified Trust invested in 0.72% or 139,797 shares. 1492 Management Llc has 0.21% invested in Pinnacle Financial Partners, Inc. (NASDAQ:PNFP). Moreover, Gsa Prtn Ltd Liability Partnership has 0.09% invested in Pinnacle Financial Partners, Inc. (NASDAQ:PNFP). Ftb Advisors Inc reported 400 shares.

Since September 26, 2017, it had 0 insider buys, and 18 sales for $18.79 million activity. CARPENTER HAROLD R sold $1.19M worth of Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) on Friday, October 20. Samuel Ronald L sold $198,192 worth of Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) on Tuesday, February 27. Shares for $2.09 million were sold by TURNER M TERRY on Monday, January 8. $1.43 million worth of Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) shares were sold by QUEENER HUGH M. 1,000 shares valued at $67,880 were sold by LOUGHRY ED C JR on Wednesday, March 7. 30,000 shares were sold by CALLICUTT RICHARD D II, worth $2.02 million.

Analysts expect Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) to report $1.09 EPS on April, 16.They anticipate $0.26 EPS change or 31.33 % from last quarter’s $0.83 EPS. PNFP’s profit would be $84.28M giving it 15.68 P/E if the $1.09 EPS is correct. After having $0.97 EPS previously, Pinnacle Financial Partners, Inc.’s analysts see 12.37 % EPS growth. The stock increased 1.48% or $1 during the last trading session, reaching $68.35. About 364,508 shares traded. Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) has risen 26.22% since March 20, 2017 and is uptrending. It has outperformed by 9.52% the S&P500.

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

Among 13 analysts covering Pinnacle Financial Partners (NASDAQ:PNFP), 9 have Buy rating, 0 Sell and 4 Hold. Therefore 69% are positive. Pinnacle Financial Partners had 39 analyst reports since July 23, 2015 according to SRatingsIntel. The stock has “Buy” rating by Piper Jaffray on Wednesday, October 18. As per Tuesday, November 28, the company rating was maintained by SunTrust. Wood downgraded the shares of PNFP in report on Thursday, July 23 to “Market Perform” rating. The company was maintained on Thursday, July 20 by Stephens. The company was maintained on Thursday, January 18 by Sandler O’Neill. Piper Jaffray maintained Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) on Thursday, January 18 with “Buy” rating. The rating was maintained by SunTrust on Monday, January 8 with “Buy”. On Thursday, January 18 the stock rating was maintained by Stephens with “Hold”. On Friday, September 11 the stock rating was upgraded by Wood to “Outperform”. The company was downgraded on Thursday, July 23 by Bruyette & Woods”.

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 $5.29 billion. The firm accepts various deposits, including savings, checking, interest-bearing checking, money market, and certificate of deposit accounts. It has a 25.31 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 important recent Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) news were published by: Seekingalpha.com which released: “Pinnacle Financial Partners: Rare Value In The Financial Sector” on February 20, 2018, also Bizjournals.com published article titled: “Cover story: Three local banks helping fund Memphis’ development surge”, Bizjournals.com published: “Pinnacle Financial Partners opens new flagship branch in the Triad” on February 26, 2018. More interesting news about Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) was released by: Prnewswire.com and their article: “SHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating Pinnacle …” with publication date: March 01, 2018.

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