Pinnacle Financial Partners Inc (NASDAQ:PNFP) shares, rose in value on Friday, March 07, with the stock price up by 0.52% to the previous day’s close as strong demand from buyers drove the stock to $106.62.
Actively observing the price movement in the last trading, the stock closed the session at $106.07. The PE ratio was 17.82 over 12-month period. Referring to stock’s 52-week performance, its high was $131.91, and the low was $73.62. On the whole, PNFP has fluctuated by -14.94% over the past month.
With the market capitalization of Pinnacle Financial Partners Inc currently standing at about $8.25 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 0.90, with its dividend yield at 0.84%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.03B, with a low estimate of 467.83M and a high estimate of 491M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 480.09M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PNFP’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the PEG ratio is about 1.14, with the price of PNFP currently trading nearly -7.72% and -9.37% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 30.36, while the 7-day volatility ratio is showing 4.46% which for the 30-day chart, stands at 2.74%. Furthermore, Pinnacle Financial Partners Inc (PNFP)’s beta value is 0.94, and its average true range (ATR) is 3.48.
A comparison of Pinnacle Financial Partners Inc (PNFP) with its peers suggests the former has fared considerably weaker in the market. PNFP showed an intraday change of 0.52% in last session, and over the past year, it grew by 26.57%%.
Data on historical trading for Pinnacle Financial Partners Inc (NASDAQ:PNFP) indicates that the trading volumes over the past 3 months, they’ve averaged 482.09K. According to company’s latest data on outstanding shares, there are 77.24 million shares outstanding.
Nearly 1.68% of Pinnacle Financial Partners Inc’s shares belong to company insiders and institutional investors own 89.91% of the company’s shares. The stock has fallen by -6.79% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PNFP stock heading into the next quarter.
