Pinnacle Financial Partners Inc (NASDAQ: PNFP) has reported E.P.S. of $1.87 for its third fiscal quarter (ending September 30) versus $1.69 for the same period a year ago — an increase of 11%. This result exceeded the consensus estimate of $1.77 by $0.10. E.P.S. were $5.29 for the latest four quarters through September 30 versus $7.77 for the same period a year ago — a decline of -32%.
Recent Price Action
Pinnacle Financial Partners Inc (NASDAQ: PNFP) stock closed at $100.53 on 10/15/24 after an increase of 1.2%. Moreover, unusually high trading volume at 176% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months and has risen 5.8% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed 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). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Pinnacle Financial Partners has a good Power Rating of 78 and a very high Appreciation Score of 86, leading to the Highest Value Trend Rating.
Rating Review
In light of this encouraging new earnings information and positive market action we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
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