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Pinnacle Financial Partners

DB:PFZ
Snowflake Description

Excellent balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PFZ
DB
$4B
Market Cap
  1. Home
  2. DE
  3. Banks
Company description

Pinnacle Financial Partners, Inc. operates as a bank holding company for Pinnacle Bank that provides various banking products and services in the United States. The last earnings update was 20 days ago. More info.


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PFZ Share Price and Events
7 Day Returns
2.1%
DB:PFZ
-4.6%
DE Banks
-0%
DE Market
1 Year Returns
-13.2%
DB:PFZ
-26.9%
DE Banks
-11.5%
DE Market
PFZ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Pinnacle Financial Partners (PFZ) 2.1% 2.4% -2.6% -13.2% 12.6% 102.6%
DE Banks -4.6% -7.9% 4.6% -26.9% -1.7% -26.6%
DE Market -0% -3.3% 2.1% -11.5% 8.9% 8.1%
1 Year Return vs Industry and Market
  • PFZ outperformed the Banks industry which returned -26.9% over the past year.
  • PFZ underperformed the Market in Germany which returned -11.5% over the past year.
Price Volatility
PFZ
Industry
5yr Volatility vs Market

PFZ Value

 Is Pinnacle Financial Partners undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Pinnacle Financial Partners to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Pinnacle Financial Partners.

DB:PFZ Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 8 analysts.
= Stable Book Value * Return on Equity
= $58.60 * 10.2%
$6.00
Book Value of Equity per Share Weighted future Book Value estimates from 10 analysts. $58.60
Discount Rate (Cost of Equity) See below 5.8%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:PFZ
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.586 (1 + (1- 21%) (66.84%))
0.93
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.93
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.93 * 5.96%)
5.77%

Discounted Cash Flow Calculation for DB:PFZ using Excess Returns Model Model

The calculations below outline how an intrinsic value for Pinnacle Financial Partners is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:PFZ Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (10.2% – 5.77%) * $58.60)
$2.62
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $2.62 / (5.77% - 0.23%)
$47.27
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $58.60 + $47.27
$105.87
DB:PFZ Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:PFZ represents 0.89993x of NasdaqGS:PNFP
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.89993x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 105.87 x 0.89993
€95.27
Value per share (EUR) From above. €95.27
Current discount Discount to share price of €50.27
= -1 x (€50.27 - €95.27) / €95.27
47.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Pinnacle Financial Partners is available for.
Intrinsic value
47%
Share price is €50.27 vs Future cash flow value of €95.27
Current Discount Checks
For Pinnacle Financial Partners to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Pinnacle Financial Partners's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Pinnacle Financial Partners's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Pinnacle Financial Partners's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Pinnacle Financial Partners's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:PFZ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $4.80
NasdaqGS:PNFP Share Price ** NasdaqGS (2019-05-22) in USD $55.86
Germany Banks Industry PE Ratio Median Figure of 6 Publicly-Listed Banks Companies 15.69x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 20.26x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Pinnacle Financial Partners.

DB:PFZ PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:PNFP Share Price ÷ EPS (both in USD)

= 55.86 ÷ 4.80

11.63x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Pinnacle Financial Partners is good value based on earnings compared to the DE Banks industry average.
  • Pinnacle Financial Partners is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Pinnacle Financial Partners's expected growth come at a high price?
Raw Data
DB:PFZ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.63x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
6.6%per year
Europe Banks Industry PEG Ratio Median Figure of 114 Publicly-Listed Banks Companies 0.77x
Germany Market PEG Ratio Median Figure of 271 Publicly-Listed Companies 1.49x

*Line of best fit is calculated by linear regression .

DB:PFZ PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.63x ÷ 6.6%

1.77x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Pinnacle Financial Partners is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Pinnacle Financial Partners's assets?
Raw Data
DB:PFZ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $52.95
NasdaqGS:PNFP Share Price * NasdaqGS (2019-05-22) in USD $55.86
Germany Banks Industry PB Ratio Median Figure of 6 Publicly-Listed Banks Companies 0.91x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.78x
DB:PFZ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:PNFP Share Price ÷ Book Value per Share (both in USD)

= 55.86 ÷ 52.95

1.05x

* Primary Listing of Pinnacle Financial Partners.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Pinnacle Financial Partners is overvalued based on assets compared to the DE Banks industry average.
X
Value checks
We assess Pinnacle Financial Partners's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Pinnacle Financial Partners has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

PFZ Future Performance

 How is Pinnacle Financial Partners expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Pinnacle Financial Partners expected to grow at an attractive rate?
  • Pinnacle Financial Partners's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Pinnacle Financial Partners's earnings growth is positive but not above the Germany market average.
  • Pinnacle Financial Partners's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:PFZ Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:PFZ Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 6.6%
DB:PFZ Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 9%
Germany Banks Industry Earnings Growth Rate Market Cap Weighted Average 13.3%
Europe Banks Industry Revenue Growth Rate Market Cap Weighted Average 4.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:PFZ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:PFZ Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 1,220 453 1
2020-12-31 1,107 413 9
2019-12-31 1,022 389 9
DB:PFZ Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 922 545 370
2018-12-31 903 471 359
2018-09-30 870 360 291
2018-06-30 847 288 262
2018-03-31 761 239 218
2017-12-31 665 166 174
2017-09-30 577 169 183
2017-06-30 480 151 151
2017-03-31 447 110 139
2016-12-31 428 152 127
2016-09-30 403 128 118
2016-06-30 372 115 110

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Pinnacle Financial Partners's earnings are expected to grow by 6.6% yearly, however this is not considered high growth (20% yearly).
  • Pinnacle Financial Partners's revenue is expected to grow by 9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:PFZ Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from Pinnacle Financial Partners Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:PFZ Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 5.89 5.89 5.89 1.00
2020-12-31 5.40 5.61 5.01 10.00
2019-12-31 5.08 5.14 4.94 10.00
DB:PFZ Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 4.80
2018-12-31 4.66
2018-09-30 3.77
2018-06-30 3.40
2018-03-31 3.07
2017-12-31 2.73
2017-09-30 3.28
2017-06-30 3.15
2017-03-31 3.09
2016-12-31 2.96
2016-09-30 2.83
2016-06-30 2.76

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Pinnacle Financial Partners is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Pinnacle Financial Partners's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Pinnacle Financial Partners has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

PFZ Past Performance

  How has Pinnacle Financial Partners performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Pinnacle Financial Partners's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Pinnacle Financial Partners has delivered over 20% year on year earnings growth in the past 5 years.
  • Pinnacle Financial Partners's 1-year earnings growth exceeds its 5-year average (69.8% vs 36.9%)
  • Pinnacle Financial Partners's earnings growth has exceeded the DE Banks industry average in the past year (69.8% vs 5.4%).
Earnings and Revenue History
Pinnacle Financial Partners's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Pinnacle Financial Partners Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:PFZ Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 922.24 369.89 374.28
2018-12-31 902.84 359.44 365.48
2018-09-30 869.61 290.92 350.43
2018-06-30 846.67 261.62 341.97
2018-03-31 760.77 217.84 312.46
2017-12-31 664.55 173.98 277.81
2017-09-30 576.72 183.28 244.20
2017-06-30 479.70 151.21 207.07
2017-03-31 447.30 138.91 194.59
2016-12-31 427.67 127.23 186.36
2016-09-30 403.18 117.98 177.53
2016-06-30 372.21 109.75 166.53
2016-03-31 340.39 101.63 152.94
2015-12-31 313.97 95.51 141.26
2015-09-30 284.01 87.39 130.47
2015-06-30 264.34 81.44 123.55
2015-03-31 253.25 75.95 121.18
2014-12-31 241.95 70.47 118.93
2014-09-30 234.53 67.05 116.68
2014-06-30 228.23 63.50 114.59
2014-03-31 220.81 60.65 112.67
2013-12-31 215.15 57.73 109.81
2013-09-30 212.78 54.14 107.67
2013-06-30 207.45 50.84 106.04
2013-03-31 204.76 44.31 104.41
2012-12-31 200.69 38.07 104.49
2012-09-30 191.41 32.02 103.44
2012-06-30 186.26 45.21 102.56

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Pinnacle Financial Partners has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Pinnacle Financial Partners used its assets more efficiently than the DE Banks industry average last year based on Return on Assets.
  • Unable to establish if Pinnacle Financial Partners improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Pinnacle Financial Partners's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Pinnacle Financial Partners has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

PFZ Health

 How is Pinnacle Financial Partners's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Pinnacle Financial Partners's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Pinnacle Financial Partners Company Filings, last reported 1 month ago.

DB:PFZ Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 4,055.94 2,855.79 408.69
2018-12-31 3,965.94 2,079.45 348.87
2018-09-30 3,897.04 2,145.05 585.71
2018-06-30 3,826.68 2,200.39 672.12
2018-03-31 3,749.30 2,595.93 387.03
2017-12-31 3,707.95 1,939.13 542.73
2017-09-30 3,673.35 2,234.48 423.94
2017-06-30 3,615.33 1,411.85 538.79
2017-03-31 1,723.08 668.67 209.61
2016-12-31 1,496.70 865.65 19.33
2016-09-30 1,475.64 766.74 300.71
2016-06-30 1,262.15 1,125.25 519.37
2016-03-31 1,228.78 918.05 419.56
2015-12-31 1,155.61 537.56 206.97
2015-09-30 1,134.23 783.20 351.80
2015-06-30 841.39 656.85 287.89
2015-03-31 824.15 674.84 314.33
2014-12-31 802.69 401.61 90.69
2014-09-30 781.93 389.75 217.76
2014-06-30 764.38 344.12 211.49
2014-03-31 742.50 330.21 170.94
2013-12-31 723.71 273.43 120.04
2013-09-30 712.22 310.73 211.14
2013-06-30 696.57 555.09 241.17
2013-03-31 691.43 451.43 99.56
2012-12-31 679.07 313.04 57.68
2012-09-30 672.82 450.54 148.14
2012-06-30 659.29 539.69 210.82
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Pinnacle Financial Partners has an acceptable proportion of non-loan assets held.
  • Pinnacle Financial Partners's liabilities are made up of primarily low risk sources of funding.
  • Loans at Pinnacle Financial Partners are broadly funded by customer deposits.
  • Pinnacle Financial Partners's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Pinnacle Financial Partners has a low allowance for bad loans.
  • Pinnacle Financial Partners has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Pinnacle Financial Partners's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Pinnacle Financial Partners has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

PFZ Dividends

 What is Pinnacle Financial Partners's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.15%
Current annual income from Pinnacle Financial Partners dividends. Estimated to be 1.22% next year.
If you bought €2,000 of Pinnacle Financial Partners shares you are expected to receive €23 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Pinnacle Financial Partners's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • Pinnacle Financial Partners's dividend is below the markets top 25% of dividend payers in Germany (3.86%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:PFZ Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
Germany Banks Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:PFZ Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.76 1.00
2020-12-31 0.71 9.00
2019-12-31 0.65 9.00
DB:PFZ Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-04-16 0.640 1.120
2019-02-28 0.640 1.132
2019-01-15 0.640 1.145
2018-11-02 0.640 1.259
2018-10-16 0.640 1.213
2018-04-17 0.560 0.882
2018-01-16 0.560 0.865
2017-10-17 0.560 0.841
2017-08-04 0.560 0.885
2017-07-18 0.560 0.868
2017-05-05 0.560 0.887
2017-04-17 0.560 0.871
2017-02-27 0.560 0.852
2017-01-17 0.560 0.830
2016-11-04 0.560 0.857
2016-10-18 0.560 1.090
2016-04-19 0.560 1.083
2016-04-18 0.560 1.084
2016-02-29 0.560 1.153
2016-01-19 0.560 1.190
2015-11-09 0.480 0.923
2015-10-20 0.480 0.887
2015-08-07 0.480 0.976
2015-07-21 0.480 0.907
2015-05-08 0.480 0.920
2015-04-20 0.480 1.007
2015-02-25 0.480 1.092
2015-01-20 0.480 1.242
2014-10-21 0.320 0.845
2014-07-18 0.320 0.885
2014-04-15 0.320 0.888
2014-01-21 0.320 0.902
2013-10-15 0.320 1.011

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Pinnacle Financial Partners has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Pinnacle Financial Partners only paid a dividend in the past 6 years.
Current Payout to shareholders
What portion of Pinnacle Financial Partners's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (7.7x coverage).
X
Income/ dividend checks
We assess Pinnacle Financial Partners's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Pinnacle Financial Partners afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Pinnacle Financial Partners has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

PFZ Management

 What is the CEO of Pinnacle Financial Partners's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Michael Turner
COMPENSATION $4,376,775
AGE 63
TENURE AS CEO 19.3 years
CEO Bio

Mr. Michael Terry Turner has been the Chief Executive Officer and President of Pinnacle Financial Partners, Inc. and Pinnacle Bank (Nashville TN) since 2000. Mr. Turner worked for Arthur Andersen & Company as a Consultant in Atlanta, Georgia and joined one of his clients, Park National Bank, Knoxville, Tennessee in 1979 where he served various management positions, including Senior Vice President of its commercial division. In 1985, Mr. Turner joined First American National Bank, Nashville, Tennessee, as a result of its acquisition of Park National Bank. He served from January 1994 to November 1998 as President of the Retail Bank of First American National Bank (FANB). Mr. Turner served as an Executive Vice President of Business and Professional Banking of FANB from January 1991 to January 1994. From November 1998 to October 1999, he served as President of the Investment Services Group of First American Corporation. Mr. Turner’s banking career at First American in Nashville covered 14 years and entailed executive level responsibilities for almost all aspects of its banking and investment operations. Mr. Turner served as Vice Chairman of the Board of Pinnacle Financial Partners, Inc. and Pinnacle Bank (Nashville TN). During Mr. Turner’s tenure in Nashville, he has served an Advisory Board Chairman for the Salvation Army, Vice Chairman for the Southern Baptist Foundation and as a member of the Board of Trustees of Belmont University. He has been a Director of Pinnacle Financial Partners Inc. since February 28, 2000. He serves as a Director of Pinnacle Bank (Nashville TN). He served as a Director of Nashville Branch at Federal Reserve Bank of Atlanta. Mr. Turner serves on the Executive Committee of the Nashville Credit Bureau and on the Board of Trustees for Brentwood Academy. He is an active member in the Young President’s Organization and is also a member of numerous local clubs and organizations including Leadership Nashville and Caduceus Society. Mr. Turner is a graduate of the Georgia Institute of Technology where he received his Bachelor’s Degree in Industrial Management in 1976.

CEO Compensation
  • Michael's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Michael's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Pinnacle Financial Partners management team in years:

19
Average Tenure
60.5
Average Age
  • The average tenure for the Pinnacle Financial Partners management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Rob McCabe

TITLE
Co-Founder & Chairman
COMPENSATION
$4M
AGE
67

Michael Turner

TITLE
President
COMPENSATION
$4M
AGE
63
TENURE
19.3 yrs

Harold Carpenter

TITLE
Executive VP & CFO
COMPENSATION
$1M
AGE
58
TENURE
19.3 yrs

Hugh Queener

TITLE
Executive VP & Chief Administrative Officer
COMPENSATION
$1M
AGE
62
TENURE
19.3 yrs

Rick Callicutt

TITLE
Chairman for the Carolinas & Virginia and Director
COMPENSATION
$2M
AGE
59

Mac Johnston

TITLE
Chief Investment Officer

Dana Sanders

TITLE
Principal Accounting Officer
AGE
38
TENURE
0.1 yrs

Randy Withrow

TITLE
Chief Information Officer
TENURE
18.8 yrs

Mary Schneider

TITLE
Chief Compliance Officer
TENURE
0.3 yrs

Patti Harris

TITLE
Senior VP & Human Resources Manager
Board of Directors Tenure

Average tenure and age of the Pinnacle Financial Partners board of directors in years:

4.8
Average Tenure
65
Average Age
  • The tenure for the Pinnacle Financial Partners board of directors is about average.
Board of Directors

Rob McCabe

TITLE
Co-Founder & Chairman
COMPENSATION
$4M
AGE
67
TENURE
19.3 yrs

Michael Turner

TITLE
President
COMPENSATION
$4M
AGE
63
TENURE
19.3 yrs

Ron Samuels

TITLE
Vice Chairman
AGE
71
TENURE
2.8 yrs

Rick Callicutt

TITLE
Chairman for the Carolinas & Virginia and Director
COMPENSATION
$2M
AGE
59
TENURE
1.9 yrs

Reese Smith

TITLE
Director
COMPENSATION
$153K
AGE
69
TENURE
5.7 yrs

Greg Burns

TITLE
Director
COMPENSATION
$164K
AGE
63
TENURE
17.9 yrs

Gary Scott

TITLE
Director
COMPENSATION
$153K
AGE
71
TENURE
11.5 yrs

Renda Burkhart

TITLE
Director
COMPENSATION
$148K
AGE
63
TENURE
3.9 yrs

Charlie Brock

TITLE
Director
COMPENSATION
$149K
AGE
54
TENURE
3.7 yrs

Marty Dickens

TITLE
Lead Independent Director
COMPENSATION
$152K
AGE
71
TENURE
2.2 yrs
Who owns this company?
Recent Insider Trading
  • Pinnacle Financial Partners insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
01. May 19 Sell Richard Callicutt Individual 29. Apr 19 30. Apr 19 -17,500 €52.67 €-911,685
15. Mar 19 Sell Richard Callicutt Individual 15. Mar 19 15. Mar 19 -15,000 €51.72 €-775,813
14. Mar 19 Sell Harold Carpenter Individual 13. Mar 19 13. Mar 19 -10,075 €51.09 €-514,688
14. Mar 19 Sell Gregory Burns Individual 13. Mar 19 13. Mar 19 -3,454 €51.31 €-177,238
07. Mar 19 Sell Robert McCabe Individual 07. Mar 19 07. Mar 19 -2,184 €50.99 €-111,353
05. Mar 19 Sell Robert McCabe Individual 05. Mar 19 05. Mar 19 -10,275 €51.68 €-530,962
X
Management checks
We assess Pinnacle Financial Partners's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Pinnacle Financial Partners has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

PFZ News

Simply Wall St News

PFZ Company Info

Description

Pinnacle Financial Partners, Inc. operates as a bank holding company for Pinnacle Bank that provides various banking products and services in the United States. The company accepts various deposits, including savings, checking, interest-bearing checking, money market, and certificate of deposit accounts. Its loan products include commercial loans, such as equipment and working capital loans; commercial real estate loans comprising investment properties and business loans secured by real estate; and loans to individuals consisting of secured and unsecured installment and term loans, lines of credit, residential first mortgage loans, and home equity loans and lines of credit. The company also offers various securities and other financial products; investment products; brokerage and investment advisory programs; and fiduciary and investment management services, such as personal trust, endowments, foundations, individual retirement accounts, pensions, and custody. In addition, it provides insurance products primarily in the property and casualty area; merger and acquisition advisory services; and private debt, equity and mezzanine, interest rate derivatives, and other middle-market advisory services. Further, the company offers treasury management, telephone and online banking, mobile banking, debit and credit cards, direct and remote deposit, automated teller machine, and cash management services. It serves individuals, small-to medium-sized businesses, and professional entities. As of December 31, 2018, the company operates 114 offices, including 47 in Tennessee, 38 in North Carolina, 21 in South Carolina, and 8 in Virginia. Pinnacle Financial Partners, Inc. was founded in 2000 and is headquartered in Nashville, Tennessee.

Details
Name: Pinnacle Financial Partners, Inc.
PFZ
Exchange: DB
Founded: 2000
$3,831,201,015
76,486,861
Website: http://www.pnfp.com
Address: Pinnacle Financial Partners, Inc.
150 Third Avenue South,
Suite 900,
Nashville,
Tennessee, 37201,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS PNFP Common Stock Nasdaq Global Select US USD 21. Aug 2000
DB PFZ Common Stock Deutsche Boerse AG DE EUR 21. Aug 2000
Number of employees
Current staff
Staff numbers
2,324
Pinnacle Financial Partners employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/23 00:30
End of day share price update: 2019/05/22 00:00
Last estimates confirmation: 2019/04/23
Last earnings filing: 2019/05/03
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.