Date | Price Target | Rating | Analyst |
---|---|---|---|
7/18/2024 | $95.00 → $98.00 | Overweight → Neutral | Piper Sandler |
4/23/2024 | $104.00 → $99.00 | Outperform | Hovde Group |
3/8/2024 | $93.00 | Equal Weight | Barclays |
12/1/2023 | $86.00 | Buy | Citigroup |
10/10/2023 | $71.00 | Underperform → Hold | Jefferies |
10/6/2022 | Outperform → Mkt Perform | Raymond James | |
7/11/2022 | $85.00 → $66.00 | Hold → Underperform | Jefferies |
7/7/2022 | $85.00 | Mkt Perform → Outperform | Raymond James |
Former Truist Regional President Scott Keith leads the team from Jacksonville Pinnacle Financial Partners has entered the North Florida region with the addition of five veteran financial services professionals to build the firm's presence from their homebase in Jacksonville. Scott Keith will serve as Pinnacle's regional president for North Florida, with Debbie Buckland and Bryan Taylor by his side as area managers. Financial Advisor Vaughn Winmond and Credit Analyst Fatima Bowen round out the initial team, which is expected to grow rapidly as more associates come on board to offer a full suite of financial services for business and personal needs. This press release features multimedia.
Piper Sandler downgraded Pinnacle Finl from Overweight to Neutral and set a new price target of $98.00 from $95.00 previously
Hovde Group reiterated coverage of Pinnacle Finl with a rating of Outperform and set a new price target of $99.00 from $104.00 previously
Barclays initiated coverage of Pinnacle Finl with a rating of Equal Weight and set a new price target of $93.00
Pinnacle Financial Partners, Inc. (Nasdaq/NGS: PNFP) today announced it will release its second quarter 2024 financial results on Tuesday, July 16, 2024, after market close. It will also host a live webcast on Wednesday, July 17, at 8:30 a.m. CDT to review its financial results, business outlook for the firm and other matters. The second quarter 2024 earnings release will be available on the investor relations page of Pinnacle's website at www.pnfp.com. To access the call for audio only, please call 1-877-209-7255. For the presentation and streaming audio, please access the webcast on the investor relations page of Pinnacle's website at www.pnfp.com. For those unable to participate in the
Pinnacle Financial Partners, Inc. (Nasdaq/NGS: PNFP) announced today that its Board of Directors has approved a $0.22 per share cash dividend to be paid on May 31, 2024 to common shareholders of record as of the close of business on May 3, 2024. Additionally, the board of directors approved a quarterly dividend of approximately $3.8 million, or $16.88 per share (or $0.422 per depositary share), on Pinnacle Financial's 6.75 percent Series B Non-Cumulative Perpetual Preferred Stock payable on June 1, 2024 to shareholders of record at the close of business on May 17, 2024. The amount and timing of any future dividend payments to both preferred and common shareholders will be subject to the app
Total revenues increased 32.1 percent linked-quarter annualized and 6.6 percent year-over-year Pinnacle Financial Partners, Inc. (Nasdaq/NGS: PNFP) reported net income per diluted common share of $1.57 for the quarter ended March 31, 2024, compared to net income per diluted common share of $1.76 for the quarter ended March 31, 2023, a decrease of 10.8 percent. Several meaningful items impacted first quarter 2024 results. The firm's allowance for credit losses increased to 1.12 percent of total loans at March 31, 2024, compared to 1.08 percent at Dec. 31, 2023. Although, key loan quality metrics like the potential problem loans to total loans ratio and the classified asset ratio remain b
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Great Place to Work® and FORTUNE rank the firm third nationwide Pinnacle Financial Partners has once again been named among the nation's Best Large Workplaces in Financial Services and Insurance by FORTUNE magazine and Great Place to Work®, climbing to the No. 3 spot for 2024. That's up from No. 7 in 2023 and places the firm on a top 10 list of much larger national and international brands. This marks the eighth consecutive year Pinnacle has earned this recognition, reinforcing its reputation as a destination for top-tier talent in the banking industry. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240911899671/en/Pinnacle asso
Tenured credit professional will serve on firm's senior leadership team Pinnacle Financial Partners (Nasdaq/NGS: PNFP) has named Charissa Sumerlin the firm's chief credit officer effective immediately. She succeeds Harvey White, who served as interim chief credit officer following the sudden death of Tim Huestis in late 2023. The Board of Directors unanimously voted to approve Sumerlin's appointment at its meeting on July 16, 2024. "Charissa was the clear choice for this role, and we welcome her to Pinnacle's senior leadership team," Pinnacle President and CEO M. Terry Turner said. "She has been a critical leader for our credit team as we've bolstered our processes to scale for growth.
Excluding impacts of capital optimization and balance sheet repositioning initiatives, diluted EPS of $1.63 Pinnacle Financial Partners, Inc. (Nasdaq/NGS: PNFP) reported net income per diluted common share of $0.64 for the quarter ended June 30, 2024, compared to net income per diluted common share of $2.54 for the quarter ended June 30, 2023, a decrease of approximately 74.8 percent. Net income per diluted common share was $2.21 for the six months ended June 30, 2024, compared to $4.30 for the six months ended June 30, 2023, a decrease of approximately 48.6 percent. After considering the adjustments noted in the table below, net income per diluted common share was $1.63 for the three m
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Citigroup analyst Ben Gerlinger maintains Pinnacle Finl Partners (NASDAQ:PNFP) with a Buy and raises the price target from $93 to $113.
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Here's the list of options activity happening in today's session: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume BAC CALL SWEEP BEARISH 07/19/24 $42.00 $49.2K 23.3K 2.0K COIN CALL TRADE BEARISH 08/16/24 $250.00 $36
Wells Fargo analyst Steven Shaw maintains Pinnacle Finl Partners (NASDAQ:PNFP) with a Overweight and raises the price target from $90 to $100.