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Pinnacle Financial Partners

Nasdaq:PNFP
Snowflake Description

Excellent balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PNFP
Nasdaq
$4B
Market Cap
  1. Home
  2. US
  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 4 days ago. More info.


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PNFP Share Price and Events
7 Day Returns
-1.7%
NasdaqGS:PNFP
2.8%
US Banks
0.2%
US Market
1 Year Returns
-12.5%
NasdaqGS:PNFP
-4.3%
US Banks
6.3%
US Market
PNFP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Pinnacle Financial Partners (PNFP) -1.7% -0.2% 1.7% -12.5% 9.5% 63.6%
US Banks 2.8% 0.9% 3.1% -4.3% 44.5% 48.6%
US Market 0.2% 2.1% 8.5% 6.3% 37.9% 45.7%
1 Year Return vs Industry and Market
  • PNFP underperformed the Banks industry which returned -4.3% over the past year.
  • PNFP underperformed the Market in United States of America which returned 6.3% over the past year.
Price Volatility
PNFP
Industry
5yr Volatility vs Market

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.

NasdaqGS:PNFP 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
= $58.70 * 10.3%
$6.02
Book Value of Equity per Share Weighted future Book Value estimates from 10 analysts. $58.70
Discount Rate (Cost of Equity) See below 8.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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 NasdaqGS:PNFP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.63
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.631 (1 + (1- 21%) (63.25%))
0.964
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.96
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.964 * 5.96%)
8.47%

Discounted Cash Flow Calculation for NasdaqGS:PNFP 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.

NasdaqGS:PNFP Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (10.3% – 8.47%) * $58.70)
$1.04
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $1.04 / (8.47% - 2.73%)
$18.15
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $58.70 + $18.15
$76.86
NasdaqGS:PNFP Discount to Share Price
Calculation Result
Value per share (USD) From above. $76.86
Current discount Discount to share price of $55.84
= -1 x ($55.84 - $76.86) / $76.86
27.3%

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
27%
Share price is $55.84 vs Future cash flow value of $76.86
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, but not 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
NasdaqGS:PNFP 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 (2019-04-18) in USD $55.84
United States of America Banks Industry PE Ratio Median Figure of 587 Publicly-Listed Banks Companies 12.98x
United States of America Market PE Ratio Median Figure of 3,081 Publicly-Listed Companies 18.15x

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

** Primary Listing of Pinnacle Financial Partners.

NasdaqGS:PNFP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 55.84 ÷ 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 US Banks industry average.
  • Pinnacle Financial Partners is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Pinnacle Financial Partners's expected growth come at a high price?
Raw Data
NasdaqGS:PNFP 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
United States of America Banks Industry PEG Ratio Median Figure of 262 Publicly-Listed Banks Companies 1.29x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

NasdaqGS:PNFP PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.63x ÷ 6.6%

1.76x

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
NasdaqGS:PNFP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $52.93
NasdaqGS:PNFP Share Price * NasdaqGS (2019-04-18) in USD $55.84
United States of America Banks Industry PB Ratio Median Figure of 592 Publicly-Listed Banks Companies 1.23x
United States of America Market PB Ratio Median Figure of 5,178 Publicly-Listed Companies 1.91x
NasdaqGS:PNFP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 55.84 ÷ 52.93

1.06x

* 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 good value based on assets compared to the US 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.

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 2.7%.
Growth vs Market Checks
  • Pinnacle Financial Partners's earnings growth is positive but not above the United States of America market average.
  • Pinnacle Financial Partners's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:PNFP Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:PNFP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 6.6%
NasdaqGS:PNFP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 9%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 3.9%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*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
NasdaqGS:PNFP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 weeks 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.
NasdaqGS:PNFP Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 1,223 453 1
2020-12-31 1,108 413 9
2019-12-31 1,022 389 9
NasdaqGS:PNFP Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 922 370
2018-12-31 903 471 359
2018-09-30 870 346 291
2018-06-30 847 275 262
2018-03-31 761 226 218
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
NasdaqGS:PNFP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 weeks 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 2 weeks ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:PNFP Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 5.90 5.90 5.90 1.00
2020-12-31 5.40 5.61 5.01 10.00
2019-12-31 5.08 5.14 4.94 10.00
NasdaqGS:PNFP 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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.

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 US Banks industry average in the past year (69.8% vs 43.9%).
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 2 weeks ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:PNFP 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
2018-03-31 760.74 217.84 312.46
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 US 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.

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 2 weeks ago.

NasdaqGS:PNFP Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 4,055.94 2,706.48 384.13
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.

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 1.23% 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 United States of America (1.4%).
  • Pinnacle Financial Partners's dividend is below the markets top 25% of dividend payers in United States of America (3.62%).
Upcoming dividend payment

Purchase Pinnacle Financial Partners before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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
NasdaqGS:PNFP 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
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 472 Stocks 2.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2009 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

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

NasdaqGS:PNFP 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
NasdaqGS:PNFP Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-04-16 0.640 1.127
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.

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 19.2 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 increased by more than 20% in the past year.
  • Michael's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

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

19.2
Average Tenure
61
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
19.2 yrs

Harold Carpenter

TITLE
Chief Financial Officer
COMPENSATION
$1M
AGE
58
TENURE
19.2 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

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

Joanne Jackson

TITLE
Executive Vice President
COMPENSATION
$160K
AGE
60
Board of Directors Tenure

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

4.7
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
19.2 yrs

Michael Turner

TITLE
President
COMPENSATION
$4M
AGE
63
TENURE
19.2 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
1.8 yrs

Reese Smith

TITLE
Director
COMPENSATION
$153K
AGE
69
TENURE
5.6 yrs

Greg Burns

TITLE
Director
COMPENSATION
$164K
AGE
63
TENURE
17.8 yrs

Gary Scott

TITLE
Director
COMPENSATION
$153K
AGE
71
TENURE
11.4 yrs

Renda Burkhart

TITLE
Director
COMPENSATION
$148K
AGE
63
TENURE
3.8 yrs

Charlie Brock

TITLE
Director
COMPENSATION
$149K
AGE
54
TENURE
3.6 yrs

Marty Dickens

TITLE
Lead Independent Director
COMPENSATION
$152K
AGE
71
TENURE
2.1 yrs
Who owns this company?
Recent Insider Trading
  • Pinnacle Financial Partners insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
15. Mar 19 Sell Richard Callicutt Individual 15. Mar 19 15. Mar 19 -15,000 $58.56 $-878,412
14. Mar 19 Sell Harold Carpenter Individual 13. Mar 19 13. Mar 19 -10,075 $57.75 $-581,831
14. Mar 19 Sell Gregory Burns Individual 13. Mar 19 13. Mar 19 -3,454 $58.01 $-200,360
07. Mar 19 Sell Robert McCabe Individual 07. Mar 19 07. Mar 19 -2,184 $57.24 $-125,003
05. Mar 19 Sell Robert McCabe Individual 05. Mar 19 05. Mar 19 -10,275 $58.39 $-599,957
22. May 18 Sell Gary Scott Individual 22. May 18 22. May 18 -900 $68.39 $-61,548
16. May 18 Sell Richard Callicutt Individual 15. May 18 15. May 18 -20,000 $65.56 $-1,311,238
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.

News

Simply Wall St News

How Many Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) Shares Have Insiders Sold, In The Last Year?

So shareholders might well want to know whether insiders have been buying or selling shares in Pinnacle Financial Partners, Inc. … The Last 12 Months Of Insider Transactions At Pinnacle Financial Partners. … Insiders in Pinnacle Financial Partners didn't buy any shares in the last year

Simply Wall St -

Pinnacle Financial Partners (NASDAQ:PNFP) Shareholders Have Enjoyed A 50% Share Price Gain

(NASDAQ:PNFP) share price is up 50% in the last five years, slightly above the market return. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … During five years of share price growth, Pinnacle Financial Partners achieved compound earnings per share (EPS) growth of 23% per year.

Simply Wall St -

What You Must Know About Pinnacle Financial Partners, Inc.'s (NASDAQ:PNFP) Beta Value

(NASDAQ:PNFP), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Before we go on, it's worth noting that Warren Buffett pointed out in his 2014 letter to shareholders that 'volatility is far from synonymous with risk.' Having said that, beta can still be rather useful.

Simply Wall St -

Do Institutions Own Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) Shares?

Every investor in Pinnacle Financial Partners, Inc. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … With a market capitalization of US$4.5b, Pinnacle Financial Partners is rather large.

Simply Wall St -

Three Understated Metrics For Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) You Should Know

Following the Financial Crisis in 2008, a set of reforms termed Basel III was enforced to bolster risk management, regulation, and supervision in the financial services industry. … Basel III target banking regulations to improve the sector’s ability to absorb shocks resulting from economic stress which may expose financial institutions like Pinnacle Financial Partners to vulnerabilities. … Low levels of leverage coupled with sufficient liquidity may place Pinnacle Financial Partners in a safe position in the face of adverse headwinds.

Simply Wall St -

Pinnacle Financial Partners, Inc. (NASDAQ:PNFP): Immense Growth Potential?

Help shape the future of investing tools and receive a $20 prize! … (NASDAQ:PNFP) released its earnings in December 2018, … with earnings expected to grow by 8.7% in the upcoming year

Simply Wall St -

What Should We Expect From Pinnacle Financial Partners, Inc.'s (NASDAQ:PNFP) Earnings In The Years Ahead?

Help shape the future of investing tools and you could win a $250 gift card! … Pinnacle Financial Partners, Inc.'s (NASDAQ:PNFP) latest earnings update in December 2018a

Simply Wall St -

Does Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) Have A Good P/E Ratio?

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … We'll look at Pinnacle Financial Partners, Inc.'s (NASDAQ:PNFP) P/E ratio and reflect on what it tells us about the company's share price. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Is Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) Potentially Undervalued?

(NASDAQ:PNFP), operating in the financial services industry based in United States,. … With many analysts covering the mid-cap stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price? … Today I will analyse the most recent data on Pinnacle Financial Partners’s outlook and valuation to see if the opportunity still exists

Simply Wall St -

How Much Are Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) Insiders Taking Off The Table?

So we'll take a look at whether insiders have been buying or selling shares in Pinnacle Financial Partners, Inc. … The Last 12 Months Of Insider Transactions At Pinnacle Financial Partners. … All up, insiders sold more shares in Pinnacle Financial Partners than they bought, over the last year

Simply Wall St -

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.
PNFP
Exchange: NasdaqGS
Founded: 2000
$4,279,232,285
76,633,816
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: 2019/04/19 23:40
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2019/04/15
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.