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Conference/Events
Pinnacle Financial management to meet virtually with JPMorgan » 04:55
02/24/21
02/24
04:55
02/24/21
04:55
PNFP

Pinnacle Financial

$82.88 /

+1.41 (+1.73%)

Virtual Meetings to be…

Virtual Meetings to be held on February 24-25 hosted by JPMorgan.

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PNFP Pinnacle Financial
$82.88 /

+1.41 (+1.73%)

PNFP Pinnacle Financial
$82.88 /

+1.41 (+1.73%)

01/21/21 Truist
Pinnacle Financial price target raised to $81 from $68 at Truist
01/21/21 Wells Fargo
Pinnacle Financial price target raised to $70 from $65 at Wells Fargo
01/21/21 Raymond James
Pinnacle Financial price target raised to $80 from $50 at Raymond James
01/21/21 Keefe Bruyette
Pinnacle Financial price target raised to $80 from $60 at Keefe Bruyette
PNFP Pinnacle Financial
$82.88 /

+1.41 (+1.73%)

Over a week ago
Conference/Events
Pinnacle Financial management to meet virtually with JPMorgan » 12:05
02/23/21
02/23
12:05
02/23/21
12:05
PNFP

Pinnacle Financial

$81.71 /

+0.24 (+0.29%)

Virtual Meetings to be…

Virtual Meetings to be held on February 24-25 hosted by JPMorgan.

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PNFP Pinnacle Financial
$81.71 /

+0.24 (+0.29%)

PNFP Pinnacle Financial
$81.71 /

+0.24 (+0.29%)

01/21/21 Truist
Pinnacle Financial price target raised to $81 from $68 at Truist
01/21/21 Wells Fargo
Pinnacle Financial price target raised to $70 from $65 at Wells Fargo
01/21/21 Raymond James
Pinnacle Financial price target raised to $80 from $50 at Raymond James
01/21/21 Keefe Bruyette
Pinnacle Financial price target raised to $80 from $60 at Keefe Bruyette
PNFP Pinnacle Financial
$81.71 /

+0.24 (+0.29%)

Over a month ago
Recommendations
Pinnacle Financial price target raised to $81 from $68 at Truist » 09:09
01/21/21
01/21
09:09
01/21/21
09:09
PNFP

Pinnacle Financial

$72.53 /

+2.21 (+3.14%)

Truist analyst Jennifer…

Truist analyst Jennifer Demba raised the firm's price target on Pinnacle Financial to $81 from $68 and keeps a Buy rating on the shares after its Q4 earnings beat. Pinnacle shares remain attractive in spite of its premium valuation given the company's superior profitability and growth outlook, the analyst tells investors in a research note. Demba adds that the Pinnacle 's loan losses will be contained and manageable given that its "portfolio has been thoroughly reviewed."

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PNFP Pinnacle Financial
$72.53 /

+2.21 (+3.14%)

PNFP Pinnacle Financial
$72.53 /

+2.21 (+3.14%)

01/21/21 Wells Fargo
Pinnacle Financial price target raised to $70 from $65 at Wells Fargo
01/21/21 Raymond James
Pinnacle Financial price target raised to $80 from $50 at Raymond James
01/21/21 Keefe Bruyette
Pinnacle Financial price target raised to $80 from $60 at Keefe Bruyette
01/04/21 Wells Fargo
Pinnacle Financial downgraded to Equal Weight from Overweight at Wells Fargo
PNFP Pinnacle Financial
$72.53 /

+2.21 (+3.14%)

Recommendations
Pinnacle Financial price target raised to $70 from $65 at Wells Fargo » 07:57
01/21/21
01/21
07:57
01/21/21
07:57
PNFP

Pinnacle Financial

$72.53 /

+2.21 (+3.14%)

Wells Fargo analyst Jared…

Wells Fargo analyst Jared Shaw raised the firm's price target on Pinnacle Financial to $70 from $65 and keeps an Equal Weight rating on the shares. The analyst notes that Pinnacle continues to benefit from its tactical expansion over the past decade into higher growth markets. Through the combination of deals and hiring, Pinnacle is taking market share and increasing its brand recognition in vibrant markets, he adds.

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PNFP Pinnacle Financial
$72.53 /

+2.21 (+3.14%)

PNFP Pinnacle Financial
$72.53 /

+2.21 (+3.14%)

01/21/21 Raymond James
Pinnacle Financial price target raised to $80 from $50 at Raymond James
01/21/21 Keefe Bruyette
Pinnacle Financial price target raised to $80 from $60 at Keefe Bruyette
01/04/21 Wells Fargo
Pinnacle Financial downgraded to Equal Weight from Overweight at Wells Fargo
12/15/20 JPMorgan
Pinnacle Financial upgraded to Overweight from Neutral at JPMorgan
PNFP Pinnacle Financial
$72.53 /

+2.21 (+3.14%)

Hot Stocks
Pinnacle Financial board increases quarterly dividend, authorizes buyback plan » 07:31
01/21/21
01/21
07:31
01/21/21
07:31
PNFP

Pinnacle Financial

$72.53 /

+2.21 (+3.14%)

On January 19, Pinnacle…

On January 19, Pinnacle Financial's Board of Directors increased the quarterly cash dividend to 18c per common share to be paid on February 26 to common shareholders of record as of the close of business on February 5. Additionally, the board of directors approved a quarterly dividend of approximately $3.8M, or $16.88 per share, on Pinnacle Financial's 6.75% Series B Non-Cumulative Perpetual Preferred Stock payable on March 1 to shareholders of record at the close of business on February 14. The firm also announced that its board of directors has authorized a new share repurchase plan for up to $125M of the company's common stock. The board authorized the repurchase program to remain in effect through March 31, 2022, unless the entire repurchase amount has been acquired before that date.

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PNFP Pinnacle Financial
$72.53 /

+2.21 (+3.14%)

PNFP Pinnacle Financial
$72.53 /

+2.21 (+3.14%)

01/21/21 Raymond James
Pinnacle Financial price target raised to $80 from $50 at Raymond James
01/21/21 Keefe Bruyette
Pinnacle Financial price target raised to $80 from $60 at Keefe Bruyette
01/04/21 Wells Fargo
Pinnacle Financial downgraded to Equal Weight from Overweight at Wells Fargo
12/15/20 JPMorgan
Pinnacle Financial upgraded to Overweight from Neutral at JPMorgan
PNFP Pinnacle Financial
$72.53 /

+2.21 (+3.14%)

Recommendations
Pinnacle Financial price target raised to $80 from $50 at Raymond James » 07:28
01/21/21
01/21
07:28
01/21/21
07:28
PNFP

Pinnacle Financial

$72.53 /

+2.21 (+3.14%)

Raymond James analyst…

Raymond James analyst Michael Rose raised the firm's price target on Pinnacle Financial to $80 from $50 and keeps an Outperform rating on the shares. Rose says the company's Q3 results exceeded consensus expectations, fueled by stronger than forecast NIM and net interest income, greater than forecast balance sheet growth, and a lower loan loss provision driven by improved credit metrics.

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PNFP Pinnacle Financial
$72.53 /

+2.21 (+3.14%)

PNFP Pinnacle Financial
$72.53 /

+2.21 (+3.14%)

01/21/21 Keefe Bruyette
Pinnacle Financial price target raised to $80 from $60 at Keefe Bruyette
01/04/21 Wells Fargo
Pinnacle Financial downgraded to Equal Weight from Overweight at Wells Fargo
12/15/20 JPMorgan
Pinnacle Financial upgraded to Overweight from Neutral at JPMorgan
11/16/20 Stephens
Pinnacle Financial resumed with an Overweight at Stephens
PNFP Pinnacle Financial
$72.53 /

+2.21 (+3.14%)

Recommendations
Pinnacle Financial price target raised to $80 from $60 at Keefe Bruyette » 05:27
01/21/21
01/21
05:27
01/21/21
05:27
PNFP

Pinnacle Financial

$72.53 /

+2.21 (+3.14%)

Keefe Bruyette analyst…

Keefe Bruyette analyst Catherine Mealor raised the firm's price target on Pinnacle Financial Partners to $80 from $60 and keeps an Outperform rating on the shares. The analyst increased estimates following the company's "strong" quarter

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PNFP Pinnacle Financial
$72.53 /

+2.21 (+3.14%)

PNFP Pinnacle Financial
$72.53 /

+2.21 (+3.14%)

01/04/21 Wells Fargo
Pinnacle Financial downgraded to Equal Weight from Overweight at Wells Fargo
12/15/20 JPMorgan
Pinnacle Financial upgraded to Overweight from Neutral at JPMorgan
11/16/20 Stephens
Pinnacle Financial resumed with an Overweight at Stephens
09/29/20 Truist
Truist raises price targets on select regional banks
PNFP Pinnacle Financial
$72.53 /

+2.21 (+3.14%)

Earnings
Pinnacle Financial reports Q4 EPS $1.58 ex-items, consensus $1.35 » 17:23
01/19/21
01/19
17:23
01/19/21
17:23
PNFP

Pinnacle Financial

$70.21 /

+0.3 (+0.43%)

Reports Q4 net…

Reports Q4 net charge-offs $10.8M compared to $13.1M previous quarter. Q4 EPS excludes gains and losses on the sale of investment securities and ORE expense for the three months ended December 31, 2020 and 2019 and $15.0M of FHLB restructuring and hedge termination charges for the three months ended December 31. "As we all know, the 2020 operating environment was very challenging," said M. Terry Turner, Pinnacle's president and CEO. "However, the unique commitment our associates possess for this firm and our focus on growing revenue resulted in very strong core performance in the Q4. In spite of all the hardships in 2020, we are very pleased to report diluted earnings per share growth over 12%, or over 24% percent on an adjusted basis, over the Q4 of 2019. Additionally, we increased our book value per share by 8.6% between Dec. 31, 2020 and Dec. 31, 2019, while tangible book value per share increased 14.8% during that same time. Our hiring pipelines continue to grow across our markets as we remain excited about the opportunity to produce outsized earnings and tangible book value per share growth going into 2021."

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PNFP Pinnacle Financial
$70.21 /

+0.3 (+0.43%)

PNFP Pinnacle Financial
$70.21 /

+0.3 (+0.43%)

01/04/21 Wells Fargo
Pinnacle Financial downgraded to Equal Weight from Overweight at Wells Fargo
12/15/20 JPMorgan
Pinnacle Financial upgraded to Overweight from Neutral at JPMorgan
11/16/20 Stephens
Pinnacle Financial resumed with an Overweight at Stephens
09/29/20 Truist
Truist raises price targets on select regional banks
PNFP Pinnacle Financial
$70.21 /

+0.3 (+0.43%)

Earnings
Notable companies reporting after market close » 13:40
01/19/21
01/19
13:40
01/19/21
13:40
NFLX

Netflix

$505.97 /

+8.02 (+1.61%)

, JBHT

J.B. Hunt

$150.85 /

-0.8 (-0.53%)

, ZION

Zions Bancorp

$49.32 /

+0.16 (+0.33%)

, PNFP

Pinnacle Financial

$70.00 /

+0.09 (+0.13%)

Notable companies…

Notable companies reporting after the market close, with earnings consensus, include Netflix (NFLX), consensus $1.39... J.B. Hunt (JBHT), consensus $1.30... Zions Bancorp (ZION), consensus $1.02... Pinnacle Financial (PNFP), consensus $1.35.

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PNFP Pinnacle Financial
$70.00 /

+0.09 (+0.13%)

NFLX Netflix
$505.97 /

+8.02 (+1.61%)

JBHT J.B. Hunt
$150.85 /

-0.8 (-0.53%)

NFLX Netflix
$505.97 /

+8.02 (+1.61%)

01/19/21 JPMorgan
JPMorgan says buy 'FANG' stocks amid 'fatigue and frustration'
01/15/21 Citi
Citi cuts Spotify to Sell with no benefit seen on podcast investments
01/15/21 Piper Sandler
Netflix search index suggests in-line Q4 subscriber results, says Piper Sandler
01/14/21 Barclays
Netflix could add 90M Asia-Pacific subs in five years, says Barclays
JBHT J.B. Hunt
$150.85 /

-0.8 (-0.53%)

01/19/21 Credit Suisse
J.B. Hunt upgraded to Outperform from Neutral at Credit Suisse
01/06/21 Citi
J.B. Hunt upgraded to Buy from Neutral at Citi
01/05/21 Stephens
J.B. Hunt price target raised to $167 from $155 at Stephens
11/30/20 Deutsche Bank
J.B. Hunt price target raised to $139 from $132 at Deutsche Bank
ZION Zions Bancorp
$49.32 /

+0.16 (+0.33%)

01/07/21 B. Riley Securities
Zions Bancorp price target raised to $55 from $52 at B. Riley Securities
01/04/21 Barclays
Zions Bancorp downgraded to Equal Weight with $50 target at Barclays
01/04/21 Barclays
Zions Bancorp downgraded to Equal Weight from Overweight at Barclays
12/07/20 Evercore ISI
Zions Bancorp upgraded to Outperform from In Line at Evercore ISI
PNFP Pinnacle Financial
$70.00 /

+0.09 (+0.13%)

01/04/21 Wells Fargo
Pinnacle Financial downgraded to Equal Weight from Overweight at Wells Fargo
12/15/20 JPMorgan
Pinnacle Financial upgraded to Overweight from Neutral at JPMorgan
11/16/20 Stephens
Pinnacle Financial resumed with an Overweight at Stephens
09/29/20 Truist
Truist raises price targets on select regional banks
ZION Zions Bancorp
$49.32 /

+0.16 (+0.33%)

PNFP Pinnacle Financial
$70.00 /

+0.09 (+0.13%)

NFLX Netflix
$505.97 /

+8.02 (+1.61%)

JBHT J.B. Hunt
$150.85 /

-0.8 (-0.53%)

NFLX Netflix
$505.97 /

+8.02 (+1.61%)

ZION Zions Bancorp
$49.32 /

+0.16 (+0.33%)

NFLX Netflix
$505.97 /

+8.02 (+1.61%)

JBHT J.B. Hunt
$150.85 /

-0.8 (-0.53%)

NFLX Netflix
$505.97 /

+8.02 (+1.61%)

JBHT J.B. Hunt
$150.85 /

-0.8 (-0.53%)

Downgrade
Pinnacle Financial downgraded to Equal Weight from Overweight at Wells Fargo » 06:51
01/04/21
01/04
06:51
01/04/21
06:51
PNFP

Pinnacle Financial

$64.53 /

-0.1 (-0.15%)

Wells Fargo analyst Jared…

Wells Fargo analyst Jared Shaw downgraded Pinnacle Financial to Equal Weight from Overweight with a price target of $65, up from $48. Shaw says mid-cap banks go into 2021 having proved capital adequacy, underwriting standards and broader industry lending standards have all dramatically improved. Despite the headwinds, profitability prospects have improved slightly for 2021 and 2022, which the analyst believes warrants a trading range of 115%-150%, in-line with the current 135%.

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PNFP Pinnacle Financial
$64.53 /

-0.1 (-0.15%)

PNFP Pinnacle Financial
$64.53 /

-0.1 (-0.15%)

12/15/20 JPMorgan
Pinnacle Financial upgraded to Overweight from Neutral at JPMorgan
11/16/20 Stephens
Pinnacle Financial resumed with an Overweight at Stephens
09/29/20 Truist
Truist raises price targets on select regional banks
06/18/20 JPMorgan
Pinnacle Financial price target raised to $45 from $38 at JPMorgan
PNFP Pinnacle Financial
$64.53 /

-0.1 (-0.15%)

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