Pinnacle Financial Partners Inc. (NASDAQ: PNFP) on Tuesday, soared 1.29% from the previous trading day, before settling in for the closing price of $87.72. Within the past 52 weeks, PNFP’s price has moved between $59.66 and $98.58.
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Annual sales at Financial sector company grew by 20.68% over the past five years. The company achieved an average annual earnings per share of -3.46%. With a float of $75.58 million, this company’s outstanding shares have now reached $76.77 million.
Let’s look at the performance matrix of the company that is accounted for 3357 employees.
Pinnacle Financial Partners Inc. (PNFP) Insider Updates
Observing investor behavior towards Banks – Regional industry stocks is more important than anything else. The insider ownership of Pinnacle Financial Partners Inc. is 2.15%, while institutional ownership is 87.94%. The most recent insider transaction that took place on May 09 ’24, was worth 124,500. In this transaction Director of this company sold 1,500 shares at a rate of $83.00, taking the stock ownership to the 20,091 shares. Before that another transaction happened on Apr 26 ’24, when Company’s Chairman-Carolinas & Virginia sold 13,923 for $81.50, making the entire transaction worth $1,134,752. This insider now owns 83,303 shares in total.
Pinnacle Financial Partners Inc. (PNFP) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around -3.46% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 32.20% during the next five years compared to 8.99% growth over the previous five years of trading.
Pinnacle Financial Partners Inc. (NASDAQ: PNFP) Trading Performance Indicators
Pinnacle Financial Partners Inc. (PNFP) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.43. Likewise, its price to free cash flow for the trailing twelve months is 13.18.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.09, a number that is poised to hit 1.78 in the next quarter and is forecasted to reach 7.97 in one year’s time.
Technical Analysis of Pinnacle Financial Partners Inc. (PNFP)
Pinnacle Financial Partners Inc. (NASDAQ: PNFP) saw its 5-day average volume 0.4 million, a negative change from its year-to-date volume of 0.46 million. As of the previous 9 days, the stock’s Stochastic %D was 36.60%. Additionally, its Average True Range was 3.13.
During the past 100 days, Pinnacle Financial Partners Inc.’s (PNFP) raw stochastic average was set at 61.02%, which indicates a significant increase from 40.50% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 37.75% in the past 14 days, which was higher than the 31.29% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $83.82, while its 200-day Moving Average is $81.40. Nevertheless, the first resistance level for the watch stands at $89.49 in the near term. At $90.13, the stock is likely to face the second major resistance level. The third major resistance level sits at $91.38. If the price goes on to break the first support level at $87.60, it is likely to go to the next support level at $86.36. Assuming the price breaks the second support level, the third support level stands at $85.72.
Pinnacle Financial Partners Inc. (NASDAQ: PNFP) Key Stats
Market capitalization of the company is 6.86 billion based on 77,222K outstanding shares. Right now, sales total 2,787 M and income totals 562,150 K. The company made 702,680 K in profit during its latest quarter, and 53,160 K in sales during its previous quarter.
