Pinnacle Financial Partners, Inc., together with its subsidiaries, operates as the bank holding company for Pinnacle Bank that provides various banking products and services in the United States.
Pinnacle Financial Partners Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$90.32|
|52 Week High||US$32.80|
|52 Week Low||US$98.63|
|1 Month Change||-1.35%|
|3 Month Change||7.21%|
|1 Year Change||140.98%|
|3 Year Change||41.02%|
|5 Year Change||63.42%|
|Change since IPO||1,801.47%|
Recent News & Updates
Pinnacle Financial Partners Still Early In An Impressive Growth Story
Pinnacle delivered a respectable pre-provision beat in the second quarter, with better core loan growth than most other banks are achieving in the Southeast U.S. right now. Management has expressed an increased willingness to consider whole bank M&A, but the company's strategy for organic growth (entering new markets with competitive hire-aways) is still core. A long-term core earnings growth rate can still support an attractive double-digit long-term annualized return (above historical norms for banks), making this a name to consider.
|PNFP||US Banks||US Market|
Return vs Industry: PNFP exceeded the US Banks industry which returned 63.3% over the past year.
Return vs Market: PNFP exceeded the US Market which returned 33.8% over the past year.
Stable Share Price: PNFP is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: PNFP's weekly volatility (4%) has been stable over the past year.
About the Company
Pinnacle Financial Partners, Inc., together with its subsidiaries, operates as the 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, noninterest-bearing and 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, as well as provides credit cards for consumers and businesses.
Pinnacle Financial Partners Fundamentals Summary
|PNFP fundamental statistics|
Is PNFP overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|PNFP income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Oct 12, 2021
|Earnings per share (EPS)||6.15|
|Net Profit Margin||38.14%|
How did PNFP perform over the long term?See historical performance and comparison
0.8%Current Dividend Yield
Is Pinnacle Financial Partners undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PNFP ($90.32) is trading below our estimate of fair value ($120.22)
Significantly Below Fair Value: PNFP is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PNFP is poor value based on its PE Ratio (14.7x) compared to the US Banks industry average (10.8x).
PE vs Market: PNFP is good value based on its PE Ratio (14.7x) compared to the US market (17.8x).
Price to Earnings Growth Ratio
PEG Ratio: PNFP is poor value based on its PEG Ratio (7.7x)
Price to Book Ratio
PB vs Industry: PNFP is overvalued based on its PB Ratio (1.4x) compared to the US Banks industry average (1.1x).
How is Pinnacle Financial Partners forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PNFP's forecast earnings growth (1.9% per year) is below the savings rate (2%).
Earnings vs Market: PNFP's earnings (1.9% per year) are forecast to grow slower than the US market (14.9% per year).
High Growth Earnings: PNFP's earnings are forecast to grow, but not significantly.
Revenue vs Market: PNFP's revenue (6.1% per year) is forecast to grow slower than the US market (9.8% per year).
High Growth Revenue: PNFP's revenue (6.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PNFP's Return on Equity is forecast to be low in 3 years time (8.8%).
How has Pinnacle Financial Partners performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PNFP has high quality earnings.
Growing Profit Margin: PNFP's current net profit margins (38.1%) are higher than last year (33.5%).
Past Earnings Growth Analysis
Earnings Trend: PNFP's earnings have grown significantly by 22.6% per year over the past 5 years.
Accelerating Growth: PNFP's earnings growth over the past year (55.9%) exceeds its 5-year average (22.6% per year).
Earnings vs Industry: PNFP earnings growth over the past year (55.9%) exceeded the Banks industry 36%.
Return on Equity
High ROE: PNFP's Return on Equity (9.4%) is considered low.
How is Pinnacle Financial Partners's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: PNFP's Assets to Equity ratio (6.9x) is low.
Allowance for Bad Loans: PNFP has a sufficient allowance for bad loans (516%).
Low Risk Liabilities: 93% of PNFP's liabilities are made up of primarily low risk sources of funding.
Loan Level: PNFP has an appropriate level of Loans to Assets ratio (64%).
Low Risk Deposits: PNFP's Loans to Deposits ratio (80%) is appropriate.
Level of Bad Loans: PNFP has an appropriate level of bad loans (0.2%).
What is Pinnacle Financial Partners's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PNFP's dividend (0.8%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.33%).
High Dividend: PNFP's dividend (0.8%) is low compared to the top 25% of dividend payers in the US market (3.6%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, PNFP has been paying a dividend for less than 10 years.
Growing Dividend: PNFP's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (11.1%), PNFP's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PNFP's dividends in 3 years are forecast to be thoroughly covered by earnings (12.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Michael Turner (66 yo)
Mr. Michael Terry Turner has been the Chief Executive Officer and President of Pinnacle Financial Partners, Inc. & Pinnacle Bank since 2000. Mr. Turner worked for Arthur Andersen & Company as a Consultant...
CEO Compensation Analysis
Compensation vs Market: Michael's total compensation ($USD4.39M) is below average for companies of similar size in the US market ($USD6.44M).
Compensation vs Earnings: Michael's compensation has been consistent with company performance over the past year.
Experienced Management: PNFP's management team is seasoned and experienced (21.6 years average tenure).
Experienced Board: PNFP's board of directors are considered experienced (6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: PNFP insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Pinnacle Financial Partners, Inc.'s employee growth, exchange listings and data sources
- Name: Pinnacle Financial Partners, Inc.
- Ticker: PNFP
- Exchange: NasdaqGS
- Founded: 2000
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$6.836b
- Shares outstanding: 75.69m
- Website: https://www.pnfp.com
Number of Employees
- Pinnacle Financial Partners, Inc.
- 150 Third Avenue South
- Suite 900
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/18 22:03|
|End of Day Share Price||2021/09/17 00:00|
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.