Pinnacle Financial Partners Inc. (NASDAQ:PNFP) went down by -0.23% during the previous trading session, and it is maintaining the win ahead of Thursday’s trading session. The share price of the Banks – Regional giant went up by $39.80 to trade ended Thursday trading at $39.89. This is down from the $39.89 price recorded on Wednesday’s trading session. Thanks to this latest performance, PNFP is closer to the higher price 52-week target of $55.00 and further from the lowest price target of $35.00. Its performance from the start of the year has also been negative, with PNFP down by -37.81% year-to-date.
Pinnacle Financial Partners Inc. (PNFP) started the day trading at $41.21 and recorded an intraday high of $41.96. It also recorded an intraday low of $39.63 during Thursday’s trading session. Pinnacle Financial Partners Inc. is a very active stock that recorded a trading volume that is less than -120.64% of the average daily trading volume on Thursday. The stock’s trading volume on Thursday was 240235, which is less than -120.64 of the total average daily trading volume of 530.05K.
Pinnacle Financial Partners Inc. (NASDAQ:PNFP) 2020 Performance Impressive
The increase in PNFP’s stock price on Thursday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of PNFP currently stands at $65.00, which is higher than the current trading price of the stock by 38.77%. However, PNFP’s current trading price is -43.17% lower than the 52-week low price of $27.80. In terms of trading volume, Pinnacle Financial Partners Inc. currently experienced healthy participation during the last trading session. 240235 shares of Pinnacle Financial Partners Inc. were traded on the stock exchange on Thursday, which is less than -120.64% of the 530.05K average trading volume of the stock.
The performance of the stock has been positive over the past year. PNFP’s performance over the past one year has seen it plunge by -30.58%, while the stock has gone down by -37.84% in the last six months. The quarterly performance of PNFP currently stands at 6.59%, and it is down by -6.77% in the last month. The only negative figure was from the weekly performance, which currently reads -5.17%. At the time of writing PNFP’s report, the company has a total market cap of $3.23B, making it one of the largest publicly-traded companies in the world.Pinnacle Financial Partners Inc. also has over 2487 employees all over the world.
PNFP Insider Activities
For Pinnacle Financial Partners Inc., insiders hold 81.50% of all company shares. The insider transactions over the past six months are up by 5.80%. During that period, insiders bought 351,814 shares in 40 transactions. In that same period, insiders sold 80,707 of their shares in 16 transactions. After these transactions, insiders at Pinnacle Financial Partners Inc. now hold 2.73M shares, which is over 82.64% of the total company stocks. Institutional investors currently hold a large chunk of the PNFP shares, as they control 3.62% of the company’s total stock.
PNFP Fundamental Analysis
For Pinnacle Financial Partners Inc., the stock’s diluted earnings per share (EPS) stands at 4.38. In the coming year, analysts expect the EPS to be 4.19. The stock’s EPS growth this year is 12.50%, with analysts expecting almost a 2 growth in the earnings per share next week. In terms of revenue, Pinnacle Financial Partners Inc.’s quarterly sales (YOY) is growing at 0.88, which is lower than the average annual revenue of 21.10% over the past half a decade.
The Return on Investment (ROI) on Pinnacle Financial Partners Inc.’s stock currently stands at 12.60%, and it has a net profit margin of 31.20%. The operating margin of the company is 60.80%.
At the moment, Pinnacle Financial Partners Inc.’s Total Debt to Equity ratio stands at 0.15, and they have a long-term Debt to Equity ratio of 0.15.
PNFP Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of PNFP currently stands at -7.80%, while the SMA50 is -0.54%. The biggest one is the SMA200, which is currently reading -22.88% ahead of Thursday’s trading session. The Relative Strength Index of this stock is 45.78, while its price to earnings ratio (P/E) is 9.09.