Pinnacle Financial Partners (NASDAQ:PNFP) released its quarterly earnings results on Tuesday. The financial services provider reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.10, Briefing.com reports. Pinnacle Financial Partners had a net margin of 30.46% and a return on equity of 9.82%. The business had revenue of $278.43 million during the quarter, compared to the consensus estimate of $267.58 million. During the same quarter last year, the company earned $1.21 earnings per share. The business’s quarterly revenue was up 15.6% compared to the same quarter last year.
Pinnacle Financial Partners stock opened at $56.56 on Wednesday. The company has a market cap of $4.33 billion, a PE ratio of 11.93, a P/E/G ratio of 0.67 and a beta of 1.44. The company has a fifty day moving average price of $55.00 and a two-hundred day moving average price of $56.06. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.99 and a quick ratio of 0.99. Pinnacle Financial Partners has a 12 month low of $43.23 and a 12 month high of $61.60.
In other Pinnacle Financial Partners news, Vice Chairman Ronald L. Samuel sold 500 shares of Pinnacle Financial Partners stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $60.48, for a total value of $30,240.00. Following the completion of the transaction, the insider now owns 22,175 shares of the company’s stock, valued at $1,341,144. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Harold R. Carpenter sold 3,006 shares of Pinnacle Financial Partners stock in a transaction on Friday, September 13th. The stock was sold at an average price of $57.90, for a total transaction of $174,047.40. Following the completion of the transaction, the chief financial officer now directly owns 83,112 shares of the company’s stock, valued at approximately $4,812,184.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 64,475 shares of company stock valued at $3,674,281. 2.97% of the stock is currently owned by corporate insiders.
About Pinnacle Financial Partners
Pinnacle Financial Partners, Inc operates as a bank holding company for Pinnacle Bank that provides various banking products and services in the United States. The company accepts various deposits, including savings, checking, interest-bearing checking, money market, and certificate of deposit accounts.
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