Pinnacle Financial Partners (PNFP) Earns Daily Media Impact Score of 0.19
Press coverage about Pinnacle Financial Partners (NASDAQ:PNFP) has been trending somewhat positive on Tuesday, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Pinnacle Financial Partners earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 45.9207881772601 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:
- Pinnacle Financial Partners (PNFP) Upgraded at BidaskClub (americanbankingnews.com)
- Zacks Investment Research Upgrades Pinnacle Financial Partners (PNFP) to Buy (americanbankingnews.com)
- ETFs with exposure to Pinnacle Financial Partners, Inc. : December 21, 2017 (finance.yahoo.com)
- $221.93 Million in Sales Expected for Pinnacle Financial Partners, Inc. (PNFP) This Quarter (americanbankingnews.com)
- Pinnacle Financial Partners (PNFP) Research Coverage Started at Wells Fargo & Company (americanbankingnews.com)
Shares of Pinnacle Financial Partners (NASDAQ:PNFP) traded down $1.50 during midday trading on Tuesday, hitting $67.05. The stock had a trading volume of 254,573 shares, compared to its average volume of 467,116. Pinnacle Financial Partners has a 1 year low of $58.40 and a 1 year high of $71.55. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.99 and a quick ratio of 0.98. The stock has a market cap of $5,327.90, a PE ratio of 20.76, a PEG ratio of 1.61 and a beta of 1.31.
PNFP has been the subject of a number of recent analyst reports. SunTrust Banks restated a “buy” rating and issued a $73.00 price objective on shares of Pinnacle Financial Partners in a research note on Wednesday, October 4th. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $72.00 price target on shares of Pinnacle Financial Partners in a research report on Thursday, October 5th. Zacks Investment Research cut Pinnacle Financial Partners from a “buy” rating to a “sell” rating in a research report on Wednesday, October 11th. Hilliard Lyons cut Pinnacle Financial Partners from a “buy” rating to a “neutral” rating and set a $74.00 price target on the stock. in a research report on Friday, October 20th. Finally, BidaskClub cut Pinnacle Financial Partners from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Pinnacle Financial Partners has a consensus rating of “Buy” and an average target price of $75.17.
In related news, Director Thomas R. Sloan sold 15,000 shares of the stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $65.97, for a total transaction of $989,550.00. Following the sale, the director now owns 108,257 shares of the company’s stock, valued at approximately $7,141,714.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Ronald L. Samuel sold 3,000 shares of the stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $67.28, for a total value of $201,840.00. Following the sale, the insider now directly owns 55,794 shares in the company, valued at approximately $3,753,820.32. The disclosure for this sale can be found here. Insiders have sold a total of 78,711 shares of company stock worth $5,279,577 in the last three months. 5.41% of the stock is currently owned by insiders.
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About Pinnacle Financial Partners
Pinnacle Financial Partners, Inc is a bank holding company. The Company operates through its subsidiary, Pinnacle Bank. The Company operates as a community bank primarily in the urban markets of Nashville, Knoxville, Memphis and Chattanooga, Tennessee and other counties. It provides the personalized service associated with small community banks, while seeking to offer the products and services, such as investments and treasury management.
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