That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. PNFP’s beta can be found in Trading Information at the top of this page. A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.
The company accepts various deposits, including savings, noninterest-bearing and interest-bearing checking, money market, and certificate of deposit accounts. In addition, it provides insurance agency services primarily in the property and casualty area; merger and acquisition advisory services; and private debt, equity and mezzanine, and other middle-market advisory services. Pinnacle Financial Partners, Inc. was incorporated in 2000 and is headquartered in Nashville, Tennessee. Pinnacle Financial Partners, Inc. is a bank holding company, which engages in the provision of financial solutions. It offers banking, investment, trust, mortgage, and insurance products and services designed for businesses and individuals.
Pinnacle Is Among America’s Top 15 Companies That Care
Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. 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.
MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier tier1 and tier 2 capital requirements. Pinnacle Financial Partners convinces on a variety of metrics including loan, book value and net interest income growth. The success of Pinnacle Financial Partners shows that rapid and responsible growth in the bank industry can go hand in hand.
Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. Terry Turner doesn’t just pay lip service to the culture at Pinnacle Financial Partners. He’s leveraged it to produce some of the bank industry’s best returns.
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PNFP’s historical performance
against its industry peers and the overall market. NASHVILLE, Tenn.–(BUSINESS WIRE)–Pinnacle ranks among the best of the country’s 100 largest banks, according to a Forbes analysis. The firm landed at No. 27 on the list, higher than any other bank h…
These returns cover a period from January 1, 1988 through July 31, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month.
Undervalued Stocks With Strong EPS Growth Projections
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- Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity.
- Style is calculated by combining value and growth scores, which are first individually calculated.
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- In fact, when combining a Zacks Rank #3 or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time, while they also saw 28.3% annual returns on average, according to our 10 year backtest.
- This represents a $0.88 dividend on an annualized basis and a yield of 1.30%.
- As an investor, you want to buy stocks with the highest probability of success.
Pinnacle operates as a community bank primarily in the urban markets of Nashville, Knoxville, Memphis, and Chattanooga, Tennessee, as well as surrounding counties. A majority of its loan portfolio is in commercial loans, primarily real estate, as well as industrial loans. The bank generates a majority of its net revenue through net interest income. High-growth stocks tend to represent the technology, healthcare, and communications sectors.
According to 7 analysts, the average rating for PNFP stock is “Buy.” The 12-month stock price forecast is $77.5, which is an increase of 14.46% from the latest price. The technique has proven to be very useful for finding positive surprises. In fact, when combining a Zacks Rank #3 or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time, while they also saw 28.3% annual returns on average, according to our 10 year backtest. Moody’s on Monday cut the credit ratings of a host of small and mid-sized U.S. banks and placed several Wall Street big names on negative review. Ratings agency Moody’s cut the credit ratings of several small and midsized banks late Monday and warned other big lenders, citing profitability challenges and funding risks.
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similar fashion. LONDON–(BUSINESS WIRE)– #andymoats–Cutting Edge Group, the top finance and investment company in the film music space, closes $100 million finance deal with Pinnacle Financial Partners. Upgrade to MarketBeat All Access to add more stocks to your watchlist.
News & Analysis
Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. This site is protected by reCAPTCHA and the Google
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They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. 5 Wall Street analysts have issued 1-year price targets for Pinnacle Financial Partners’ stock. Their PNFP share price forecasts range from $71.00 to $85.00.
- Data may be intentionally delayed pursuant to supplier requirements.
- One share of PNFP stock can currently be purchased for approximately $67.62.
- Pinnacle Financial Partners, Inc. was incorporated in 2000 and is headquartered in Nashville, Tennessee.
- The company operates through its wholly-owned subsidiary, Pinnacle Bank.
A survey of commercial real estate exposure by U.S. regional banks reveals increasing asset risk and potential credit losses as loans mature over the next 18 months, Moody’s Investors Service said. Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated. Pinnacle Financial Partners Inc ( PNFP , Financial), a prominent player in the banking industry, is currently trading at $77.27 with a market cap of $5.93 billion.
Moody’s Downgrades 10 Banks: Here’s What Investors Need to Know
Pinnacle Financial Partners’ stock was trading at $73.40 at the start of the year. Since then, PNFP shares have decreased by 7.9% and is now trading at $67.62. Pinnacle Financial’s CEO explains how the bank has produced industry-leading growth and shareholder returns since its founding in 2000. The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. Ratings agency Moody’s said the U.S. banking sector is still strong even after it downgraded several small to mid-sized lenders and warned it might cut the ratings of several major banks.
The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 https://1investing.in/ out of 265) would place in the bottom 1%. An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s.