In the latest quarter, 11 analysts provided ratings for Pinnacle Finl Partners (NASDAQ:PNFP), showcasing a mix of bullish and bearish perspectives.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 1 | 7 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 2 | 0 | 0 |
| 2M Ago | 2 | 1 | 2 | 0 | 0 |
| 3M Ago | 1 | 0 | 2 | 0 | 0 |
The 12-month price targets, analyzed by analysts, offer insights with an average target of $116.18, a high estimate of $135.00, and a low estimate of $100.00. This current average has increased by 10.44% from the previous average price target of $105.20.
Diving into Analyst Ratings: An In-Depth Exploration
A comprehensive examination of how financial experts perceive Pinnacle Finl Partners is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Catherine Mealor | Keefe, Bruyette & Woods | Raises | Market Perform | $135.00 | $115.00 |
| Steven Shaw | Wells Fargo | Raises | Equal-Weight | $120.00 | $104.00 |
| Brett Rabatin | Hovde Group | Announces | Market Perform | $135.00 | - |
| Brandon King | Truist Securities | Raises | Buy | $119.00 | $113.00 |
| Ben Gerlinger | Citigroup | Raises | Buy | $123.00 | $113.00 |
| Russell Gunther | Stephens & Co. | Raises | Overweight | $120.00 | $108.00 |
| Steven Shaw | Wells Fargo | Raises | Equal-Weight | $104.00 | $100.00 |
| Jared Shaw | Barclays | Raises | Equal-Weight | $108.00 | $101.00 |
| Steven Shaw | Wells Fargo | Maintains | Equal-Weight | $100.00 | $100.00 |
| Jared Shaw | Barclays | Raises | Equal-Weight | $101.00 | $97.00 |
| Brandon King | Truist Securities | Raises | Buy | $113.00 | $101.00 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Pinnacle Finl Partners. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Pinnacle Finl Partners compared to the broader market.
- Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.
To gain a panoramic view of Pinnacle Finl Partners's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on Pinnacle Finl Partners analyst ratings.
Unveiling the Story Behind Pinnacle Finl Partners
Pinnacle Financial Partners Inc is a financial holding company. The company operates through its wholly-owned subsidiary, Pinnacle Bank. The bank provides a full range of lending products, including commercial, real estate, and consumer loans to individuals and small to medium-sized businesses. Pinnacle operates as a community bank mainly in the urban markets of Nashville, Knoxville, Memphis, and Chattanooga, Tennessee, as well as surrounding counties. It relies heavily on mergers and acquisitions. A majority of its loan portfolio is in commercial loans, mainly real estate, as well as industrial loans. The bank generates a majority of its net revenue through net interest income.
A Deep Dive into Pinnacle Finl Partners's Financials
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Growth: Pinnacle Finl Partners's remarkable performance in 3 months is evident. As of 30 September, 2024, the company achieved an impressive revenue growth rate of 16.45%. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Financials sector.
Net Margin: Pinnacle Finl Partners's net margin excels beyond industry benchmarks, reaching 34.51%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Pinnacle Finl Partners's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 2.36%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Pinnacle Finl Partners's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 0.29%, the company showcases efficient use of assets and strong financial health.
Debt Management: With a below-average debt-to-equity ratio of 0.42, Pinnacle Finl Partners adopts a prudent financial strategy, indicating a balanced approach to debt management.
How Are Analyst Ratings Determined?
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. Click here to stay ahead of the market.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
