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Pinnacle Financial Partners (PNFP) Gets a Hold Rating from UBS

UBS analyst Brock Vandervliet maintained a Hold rating on Pinnacle Financial Partners (PNFPResearch Report) today and set a price target of $85.00. The company’s shares closed last Wednesday at $77.59.

According to TipRanks.com, Vandervliet is a 4-star analyst with an average return of 7.7% and a 55.4% success rate. Vandervliet covers the Financial sector, focusing on stocks such as Ellington Financial, Svb Financial Group, and Home Point Capital.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Pinnacle Financial Partners with a $93.00 average price target.

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Based on Pinnacle Financial Partners’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $341 million and net profit of $145 million. In comparison, last year the company earned revenue of $282 million and had a net profit of $132 million.

Based on the recent corporate insider activity of 59 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. It also provides personalized services to small community banks, while seeking to offer the products and services, such as investments and treasury management. Its banking services include investment, mortgage, insurance, and comprehensive wealth management services, in its primary market areas of the Nashville-Davidson-Murfreesboro-Franklin, Tennessee and Knoxville, Tennessee Metropolitan Statistical Areas. The company was founded by Dale W. Polley, M. Terry Turner, Sue G. Atkinson, Reese L. Smith III and Robert A. McCabe, Jr. on February 28, 2000 and is headquartered in Nashville, TN.

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