JP Morgan Reiterates Rating on PNFP $PNFP
Key Points
- JP Morgan now rates Pinnacle Financial Partners, Inc. ($PNFP) "buy" with a $115 target.
- JP Morgan's $115 price target implies 19.34% upside from Pinnacle Financial Partners, Inc.'s ($PNFP) current $96.36 share price.
- The Street's average $PNFP price target is $119.25 (Buy).
- $PNFP last traded around $96.36.
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JP Morgan reiterated its rating on Pinnacle Financial Partners, Inc. ($PNFP) to a "buy" rating in a recent research note and set a price target of $115, a 19.34% upside from the current price.
Pinnacle Financial Partners, Inc. Stock Down 4.7%
Shares of Pinnacle Financial Partners, Inc. ($PNFP) traded around $96.36 on Saturday, down 4.7% for the day.
Pinnacle Financial Partners, Inc. Earnings
Pinnacle Financial Partners, Inc. Dividend
Analysts Set New Price Targets
About Pinnacle Financial Partners, Inc.
Pinnacle Financial Partners, Inc. operates as the bank holding company for Pinnacle Bank that provides various banking products and services to individuals, businesses, and professional entities in the United States. It accepts various deposits, including savings, noninterest-bearing and interest-bearing checking, money market, and certificate of deposit accounts; and provides treasury management services, such as online wire origination, enhanced ACH origination, positive pay, zero balance and sweep accounts, automated bill pay services, electronic receivables processing, lockbox processing, and merchant card acceptance services, small business and commercial credit cards corporate purchasing cards, and virtual accounting/deposit escrow solutions. The company also offers equipment and working capital loans; commercial real estate loans, such as investment properties and business loan; secured and unsecured loans comprising installment and term, lines of credit, and residential first mortgage, as well as home equity loans and home equity lines of credit; and credit cards for consumers and businesses. In addition, the company provides investment products; brokerage and investment advisory programs; and fiduciary and investment services, including personal trust, investment management, estate administration, endowments, foundations, individual retirement accounts, escrow services, and custody. Further, it offers insurance agency services in the property and casualty area; investment, merger and acquisition advisory services, private debt, equity and mezzanine placement services, and other middle-market advisory services; and other banking services, including telephone and online banking, mobile banking, debit cards, direct deposit and remote deposit capture, mobile deposit option, automated teller machine, and cash management services. Pinnacle Financial Partners, Inc. was incorporated in 2000 and is headquartered in Atlanta, Georgia.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.