In a report released today, Tyler Stafford from Stephens assigned a Buy rating to Pinnacle Financial Partners (NASDAQ: PNFP), with a price target of $74. The company’s shares closed yesterday at $55.01, close to its 52-week low of $54.23.
According to TipRanks.com, Stafford is a 4-star analyst with an average return of 10.6% and a 54.8% success rate. Stafford covers the Financial sector, focusing on stocks such as Capstar Financial Holdings Inc, Carolina Financial Corporation, and Pacific Premier Bancorp Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Pinnacle Financial Partners with a $73.60 average price target, implying a 33.8% upside from current levels. In a report issued on October 2, Wells Fargo also maintained a Buy rating on the stock with a $72 price target.
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Pinnacle Financial Partners’ market cap is currently $4.28B and has a P/E ratio of 16.28. The company has a Price to Book ratio of 1.12.
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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.
