Pinnacle Financial Partners Inc. (NASDAQ: PNFP) has a higher price-to-earnings ratio of 6.90x compared to its average ratio,, and the 36-month beta value for PNFP is at 1.10. Analysts have varying views on the stock, with 8 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 as “hold,” and 1 as “sell.”
The average price suggested by analysts for PNFP is $69.67, which is $20.11 above the current market price. The public float for PNFP is 74.78M, and currently, shorts hold a 1.88% of that float. The average trading volume for PNFP on May 18, 2023 was 858.61K shares.
PNFP) stock’s latest price update
Pinnacle Financial Partners Inc. (NASDAQ: PNFP)’s stock price has gone rise by 5.20 in comparison to its previous close of 47.66, however, the company has experienced a 4.24% increase in its stock price over the last five trading days. The Wall Street Journal reported on 10/13/21 that Koss, JPMorgan, Plug Power, Delta: What to Watch in the Stock Market Today
PNFP’s Market Performance
PNFP’s stock has risen by 4.24% in the past week, with a monthly drop of -5.89% and a quarterly drop of -37.33%. The volatility ratio for the week is 4.04% while the volatility levels for the last 30 days are 4.85% for Pinnacle Financial Partners Inc. The simple moving average for the past 20 days is -0.98% for PNFP’s stock, with a -31.44% simple moving average for the past 200 days.
Analysts’ Opinion of PNFP
Jefferies, on the other hand, stated in their research note that they expect to see PNFP reach a price target of $66, previously predicting the price at $85. The rating they have provided for PNFP stocks is “Underperform” according to the report published on July 11th, 2022.
Raymond James gave a rating of “Outperform” to PNFP, setting the target price at $85 in the report published on July 07th of the previous year.
PNFP Trading at -6.68% from the 50-Day Moving Average
After a stumble in the market that brought PNFP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -43.66% of loss for the given period.
Volatility was left at 4.85%, however, over the last 30 days, the volatility rate increased by 4.04%, as shares sank -10.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -26.44% lower at present.
During the last 5 trading sessions, PNFP rose by +4.24%, which changed the moving average for the period of 200-days by -37.10% in comparison to the 20-day moving average, which settled at $50.33. In addition, Pinnacle Financial Partners Inc. saw -31.69% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PNFP starting from MCCABE ROBERT A JR, who sale 24,168 shares at the price of $73.38 back on Mar 01. After this action, MCCABE ROBERT A JR now owns 302,071 shares of Pinnacle Financial Partners Inc., valued at $1,773,539 using the latest closing price.
MCCABE ROBERT A JR, the CHAIRMAN of Pinnacle Financial Partners Inc., sale 3 shares at $82.26 during a trade that took place back on Feb 08, which means that MCCABE ROBERT A JR is holding 306,249 shares at $247 based on the most recent closing price.
Stock Fundamentals for PNFP
Current profitability levels for the company are sitting at:
- +33.57 for the present operating margin
The net margin for Pinnacle Financial Partners Inc. stands at +34.10. The total capital return value is set at 8.11, while invested capital returns managed to touch 8.48. Equity return is now at value 10.60, with 1.30 for asset returns.
Based on Pinnacle Financial Partners Inc. (PNFP), the company’s capital structure generated 22.09 points at debt to equity in total, while total debt to capital is 18.09. Total debt to assets is 2.90, with long-term debt to equity ratio resting at 18.95. Finally, the long-term debt to capital ratio is 14.91.
When we switch over and look at the enterprise to sales, we see a ratio of 2.42, with the company’s debt to enterprise value settled at 0.18. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.09.
Conclusion
In conclusion, Pinnacle Financial Partners Inc. (PNFP) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.