NasdaqGS:PNFP

Stock Analysis Report

Pinnacle Financial Partners

Executive Summary

Pinnacle Financial Partners, Inc. operates as a bank holding company for Pinnacle Bank that provides various banking products and services in the United States.

Snowflake

Fundamentals

Flawless balance sheet and good value.


Similar Companies

Share Price & News

How has Pinnacle Financial Partners's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-3.5%

NasdaqGS:PNFP

-2.6%

US Banks

-1.0%

US Market


1 Year Return

-17.1%

NasdaqGS:PNFP

-14.2%

US Banks

-0.4%

US Market

PNFP underperformed the Banks industry which returned -14.2% over the past year.

PNFP underperformed the Market in United States of America which returned -0.4% over the past year.


Share holder returns

PNFPIndustryMarket
7 Day-3.5%-2.6%-1.0%
30 Day-9.1%-6.3%-3.3%
90 Day-3.7%-3.5%0.8%
1 Year-16.2%-17.1%-11.8%-14.2%1.9%-0.4%
3 Year1.1%-1.8%42.2%32.4%39.4%30.4%
5 Year57.6%49.9%53.3%36.7%54.2%37.1%

Price Volatility Vs. Market

How volatile is Pinnacle Financial Partners's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

27%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

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 Based on Earnings

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

Pinnacle Financial Partners is poor value based on expected growth next year.


Price Based on Value of Assets

Pinnacle Financial Partners is good value based on assets compared to the US Banks industry average.


Next Steps

Future Growth

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

6.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Pinnacle Financial Partners's revenue is expected to grow by 8.2% yearly, however this is not considered high growth (20% yearly).

Pinnacle Financial Partners's earnings are expected to grow by 6.1% yearly, however this is not considered high growth (20% yearly).

Pinnacle Financial Partners's revenue growth is expected to exceed the United States of America market average.

Pinnacle Financial Partners's earnings growth is positive but not above the United States of America market average.

Pinnacle Financial Partners's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Pinnacle Financial Partners is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

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

37.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

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 (46.5% vs 37.5%)

Pinnacle Financial Partners's earnings growth has exceeded the US Banks industry average in the past year (46.5% vs 33.2%).


Return on Equity

Pinnacle Financial Partners has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Pinnacle Financial Partners used its assets more efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

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.


Next Steps

Financial Health

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


Balance Sheet


Financial Institutions Analysis

Pinnacle Financial Partners has an acceptable proportion of non-loan assets held.

Pinnacle Financial Partners has a sufficient allowance for bad loans.

Pinnacle Financial Partners's liabilities are made up of primarily low risk sources of funding.

Pinnacle Financial Partners's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at Pinnacle Financial Partners are broadly funded by customer deposits.

Pinnacle Financial Partners has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

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

1.28%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Pinnacle Financial Partners's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

Pinnacle Financial Partners's dividend is below the markets top 25% of dividend payers in United States of America (3.84%).

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

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).


Next Steps

Management

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

19.3yrs

Average management tenure


CEO

Michael Turner (64yo)

19.5yrs

Tenure

US$4,376,775

Compensation

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 ...


CEO Compensation Analysis

Michael's remuneration is about average for companies of similar size in United States of America.

Michael's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

19.3yrs

Average Tenure

61.5yo

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.


Board Age and Tenure

5.0yrs

Average Tenure

66yo

Average Age

The tenure for the Pinnacle Financial Partners board of directors is about average.


Insider Trading

More shares have been bought than sold by Pinnacle Financial Partners individual insiders in the past 3 months.


Recent Insider Transactions

BuyUS$1,305,02707 Aug 19
David Ingram
EntityIndividual
Shares24,100
Max PriceUS$54.71
SellUS$112,09011 Jun 19
Charles Brock
EntityIndividual
Role
Member of the Board of Directors
Shares2,000
Max PriceUS$56.05
SellUS$1,021,49601 May 19
Richard Callicutt
EntityIndividual
Role
Chairman for the Carolinas & Virginia and Director
Member of the Board of Directors
Shares17,500
Max PriceUS$59.01
SellUS$878,41215 Mar 19
Richard Callicutt
EntityIndividual
Role
Chairman for the Carolinas & Virginia and Director
Member of the Board of Directors
Shares15,000
Max PriceUS$58.56
SellUS$200,36014 Mar 19
Gregory Burns
EntityIndividual
Role
Member of the Board of Directors
Shares3,454
Max PriceUS$58.01
SellUS$581,83114 Mar 19
Harold Carpenter
EntityIndividual
Role
Executive VP & CFO
Shares10,075
Max PriceUS$57.75
SellUS$125,00307 Mar 19
Robert McCabe
EntityIndividual
Role
Co-Founder & Chairman
Chairman of the Board
Shares2,184
Max PriceUS$57.24
SellUS$599,95705 Mar 19
Robert McCabe
EntityIndividual
Role
Co-Founder & Chairman
Chairman of the Board
Shares10,275
Max PriceUS$58.39

Ownership Breakdown


Management Team

  • Dana Sanders (39yo)

    Principal Accounting Officer

    • Tenure: 0.3yrs
  • Mac Johnston

    Chief Investment Officer

  • Harold Carpenter (59yo)

    Executive VP & CFO

    • Tenure: 19.5yrs
    • Compensation: $1.40m
  • Randy Withrow

    Chief Information Officer

    • Tenure: 19.1yrs
  • Rob McCabe (68yo)

    Co-Founder & Chairman

    • Compensation: $4.15m
  • Rick Callicutt (60yo)

    Chairman for the Carolinas & Virginia and Director

    • Compensation: $1.54m
  • Michael Turner (64yo)

    President

    • Tenure: 19.5yrs
    • Compensation: $4.38m
  • Patti Harris

    Senior VP & Human Resources Manager

  • Hugh Queener (63yo)

    Executive VP & Chief Administrative Officer

    • Tenure: 19.6yrs
    • Compensation: $1.43m
  • Mary Schneider

    Chief Compliance Officer

    • Tenure: 0.6yrs

Board Members

  • Reese Smith (70yo)

    Director

    • Tenure: 5.9yrs
    • Compensation: $153.19k
  • Renda Burkhart (64yo)

    Director

    • Tenure: 4.2yrs
    • Compensation: $147.94k
  • Marty Dickens (72yo)

    Lead Independent Director

    • Tenure: 2.4yrs
    • Compensation: $151.69k
  • Greg Burns (64yo)

    Director

    • Tenure: 18.2yrs
    • Compensation: $164.19k
  • Rob McCabe (68yo)

    Co-Founder & Chairman

    • Tenure: 19.5yrs
    • Compensation: $4.15m
  • Rick Callicutt (60yo)

    Chairman for the Carolinas & Virginia and Director

    • Tenure: 2.2yrs
    • Compensation: $1.54m
  • Michael Turner (64yo)

    President

    • Tenure: 19.5yrs
    • Compensation: $4.38m
  • Gary Scott (72yo)

    Director

    • Tenure: 11.8yrs
    • Compensation: $153.19k
  • Charlie Brock (55yo)

    Director

    • Tenure: 3.9yrs
    • Compensation: $149.38k
  • Ron Samuels (72yo)

    Vice Chairman

    • Tenure: 3.1yrs

Company Information

Pinnacle Financial Partners, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Pinnacle Financial Partners, Inc.
  • Ticker: PNFP
  • Exchange: NasdaqGS
  • Founded: 2000
  • Industry: regional banks
  • Sector: banks
  • Market Cap: US$4.131b
  • Shares outstanding: 76.53m
  • Website: Click here

Number of Employees


Location

  • Pinnacle Financial Partners, Inc.
  • 150 Third Avenue South
  • Suite 900
  • Nashville
  • Tennessee
  • 37201
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PNFPNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDAug 2000
PFZDB (Deutsche Boerse AG)YesCommon StockDEEURAug 2000

Biography

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, includ ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/17 23:43
End of Day Share Price2019/08/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.