Pinnacle Financial Partners Inc (NASDAQ: PNFP) has reported E.P.S. of $1.58 for its first fiscal quarter (ending March 31) versus $1.76 for the same period a year ago. E.P.S. were $7.02 for the latest four quarters through March 31 versus $7.31 for the same period a year ago.
Recent Price Action
Pinnacle Financial Partners Inc (NASDAQ: PNFP) stock enjoyed a large increase of 2.4% on 4/22/24. The stock closed at $81.42. Moreover, this advance was accompanied by exceptionally high trading volume at 235% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 1.8% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, PNFP is expected to continue to be a modest Value Builder.
Pinnacle Financial Partners has a current Value Trend Rating of A (Highest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Pinnacle Financial Partners has a very high Power Rating of 88 and a very high Appreciation Score of 89, producing the Highest Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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