Stephens analyst Tyler Stafford reiterated a Buy rating on Pinnacle Financial Partners (NASDAQ: PNFP) on July 9 and set a price target of $74. The company’s shares closed yesterday at $60.05, close to its 52-week low of $58.40.
According to TipRanks.com, Stafford is a 5-star analyst with an average return of 18.8% and a 77.6% success rate. Stafford covers the Financial sector, focusing on stocks such as State Bank Financial Corporation, Capstar Financial Holdings Inc, and Carolina Financial Corporation.
Currently, the analyst consensus on Pinnacle Financial Partners is a Moderate Buy with an average price target of $71.50, a 19.1% upside from current levels. In a report issued on June 26, Sandler O’Neill also maintained a Buy rating on the stock with a $76 price target.
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Based on Pinnacle Financial Partners’ latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $83.51 million. In comparison, last year the company had a net profit of $43.09 million.
Based on the recent corporate insider activity of 73 insiders, corporate insider sentiment is negative on the stock.
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Pinnacle Financial Partners, Inc. operates as a bank holding and community Bank, which engages in the provision of financial services. The company also provides personalized services to small community banks, while seeking to offer the products and services, such as investments and treasury management.
