Fintel reports that on December 19, 2024, Barclays upgraded their outlook for Pinnacle Financial Partners (NasdaqGS:PNFP) from Equal-Weight to Overweight.
Analyst Price Forecast Suggests 3.78% Upside
As of December 3, 2024, the average one-year price target for Pinnacle Financial Partners is $115.07/share. The forecasts range from a low of $87.87 to a high of $141.75. The average price target represents an increase of 3.78% from its latest reported closing price of $110.88 / share.
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The projected annual revenue for Pinnacle Financial Partners is 2,013MM, an increase of 29.83%. The projected annual non-GAAP EPS is 8.64.
What is the Fund Sentiment?
There are 872 funds or institutions reporting positions in Pinnacle Financial Partners. This is an increase of 9 owner(s) or 1.04% in the last quarter. Average portfolio weight of all funds dedicated to PNFP is 0.32%, an increase of 15.02%. Total shares owned by institutions increased in the last three months by 6.20% to 82,603K shares. 
The put/call ratio of PNFP is 0.08, indicating a bullish outlook.
What are Other Shareholders Doing?
T. Rowe Price Investment Management holds 4,346K shares representing 5.68% ownership of the company. In its prior filing, the firm reported owning 4,400K shares , representing a decrease of 1.23%. The firm increased its portfolio allocation in PNFP by 15.53% over the last quarter.
Wasatch Advisors holds 2,947K shares representing 3.85% ownership of the company. In its prior filing, the firm reported owning 3,102K shares , representing a decrease of 5.26%. The firm increased its portfolio allocation in PNFP by 6.55% over the last quarter.
Invesco holds 2,502K shares representing 3.27% ownership of the company. In its prior filing, the firm reported owning 3,127K shares , representing a decrease of 24.96%. The firm decreased its portfolio allocation in PNFP by 92.31% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 2,392K shares representing 3.13% ownership of the company. In its prior filing, the firm reported owning 2,379K shares , representing an increase of 0.54%. The firm increased its portfolio allocation in PNFP by 12.39% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 2,317K shares representing 3.03% ownership of the company. In its prior filing, the firm reported owning 2,313K shares , representing an increase of 0.17%. The firm increased its portfolio allocation in PNFP by 15.16% over the last quarter.
Pinnacle Financial Partners Background Information
(This description is provided by the company.)
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