How to Buy Pinnacle Financial Partners Stock
Pinnacle Financial Partners Inc
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 stock last closed at $81.53, down 1.72% from the previous day, and has increased 58.19% in one year. It has overperformed other stocks in the Banks - Regional industry by 0.38 percentage points. Pinnacle Financial Partners stock is currently +88.25% from its 52-week low of $43.31, and -11.7% from its 52-week high of $92.33.
At the moment, there are 76.94M PNFP shares outstanding. The market cap of PNFP is $6.27B. In the past 24 hours, 598,704 PNFP shares were traded.
How to Buy Pinnacle Financial Partners Stock
Not sure how to invest in Pinnacle Financial Partners stock? Here's how.
- Decide where to buy Pinnacle Financial Partners stock: You need to pick an online brokerage, but don't worry - we've tested dozens of online brokerages and apps to help you determine where to buy Pinnacle Financial Partners stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Fund your brokerage account: Pick your payment method and add your details.
- Research Pinnacle Financial Partners stock: The Pinnacle Financial Partners ticker symbol is PNFP. Is Pinnacle Financial Partners stock a good investment? Should you buy shares of PNFP? How do PNFP's underlying business fundamentals look? Do top analysts think Pinnacle Financial Partners is a good buy? Why has PNFP's stock price moved recently? (Hint: Our stock research website can help you evaluate if PNFP is a good stock to buy).
- Make your PNFP buy order: Decide if you will purchase PNFP shares at the current market price or use a limit order to buy PNFP shares at a given price.
- Get updates on your investment in PNFP: Create a watchlist to track your new investment in Pinnacle Financial Partners stock.
Step 1: Decide where to buy Pinnacle Financial Partners stock
You will need an online brokerage account to access the NASDAQ market and buy PNFP shares.
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've picked your brokerage, you need to fill out some personal details so you can buy PNFP today.
How to Set Up a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
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Step 3: Fund your brokerage account
Now that you've created your account on the best stock market app, you need to deposit funds:
Check out the walkthrough below to see the process of depositing funds into your new investment account.
Step 4: Research Pinnacle Financial Partners stock
After you have chosen the best place to buy Pinnacle Financial Partners stock, it's very important to research their stock prior to buying, so you truly wrap your head around the risk as well as the opportunity.
Pinnacle Financial Partners shares data
Pinnacle Financial Partners Overview
WallStreetZen was built to help everyday investors do better fundamental analysis in less time.
You can view all of the due diligence checks on PNFP's stock page.
Is PNFP stock undervalued or overvalued?
Investors use many financial metrics, analyses, models, and charts to gauge PNFP's true value.
Using relative valuations methods:
- PNFP may be undervalued based on its P/E ratio of 11.32x, relative to Banks - Regional industry P/E ratio of -10.31x
- PNFP may be overvalued based on its P/B ratio of 1.04x, relative to Banks - Regional industry P/B ratio of 0.99x
- PNFP could be undervalued based on its PEG ratio of 0.45x
You can access more valuation analysis on PNFP's stock here.
PNFP Financials at a glance
Pros:
- PNFP earnings of $714.01M is not enough to cover its interest payments.
Cons:
- PNFP's operating cash flow of $478.40M allows it to safely service it's debt of $2.77B.
- Total PNFP debt is higher than 5 years ago, relative to shareholder equity.
- PNFP profit margin has gone down from 36.9% to 34.1% in the past year.
- PNFP has a relatively high debt to equity ratio of 6.95.
Is it a good time to buy Pinnacle Financial Partners stock, according to Wall Street analysts?
Out of 8 sell side analysts who give ratings on PNFP, the consensus analyst rating on Pinnacle Financial Partners is a Strong Buy
It's important to note that analyst ratings are not recommendations, nor are they investment advice.
Most Recent PNFP Analyst Ratings
Jennifer Demba, a top 7% analyst from Truist Securities maintains PNFP with a strong buy rating and lowers their PNFP price target from $100.00 to $93.00, on Jan 18, 2024.
Vilas Abraham, a bottom 21% analyst from UBS maintains PNFP with a hold rating and lowers their PNFP price target from $91.00 to $90.00, on Jan 18, 2024.
Ben Gerlinger, a top 31% analyst from Citigroup initiates coverage on PNFP with a strong buy rating and announces their PNFP price target of $86.00, on Dec 1, 2023.
You can dig deeper into what analysts are saying on the Pinnacle Financial Partners stock forecast page.
PNFP Trading Indicators
Is PNFP Making Money?
Last year, PNFP earnings were $546.96M. Over the past 5 year, PNFP's earnings have gone up by 9.09% per year. This was slower than the Banks - Regional industry average of 17.48%.
Last year, PNFP revenue was $1.60B. Over the past five year, PNFP's revenue has grown by 12.15% per year. This was faster than the Banks - Regional industry average of 7.5%.
Dig into PNFP's earnings and revenue performance here.
Are PNFP insiders buying or selling the stock?
Over the past 12 months, insiders at PNFP have sold more shares than they have bought.
Richard D. Callicutt Ii, Chairman-Carolinas Virginia of PNFP, was the latest PNFP insider to sell. They sold $906,886.60 worth of PNFP shares on Mar 12, 2024.
Get more info about who owns PNFP stock here.
Does PNFP provide a stable income stream?
Pinnacle Financial Partners pays a dividend of 1.08%, compared to the Banks - Regional industry's average dividend yield of 3.86%. If you owned $1,000 worth of PNFP stock, you would have received $10.79 in the past year.
Pinnacle Financial Partners dividend payments have consistently grown over the past decade and have remained stable.
Dig into more data about Pinnacle Financial Partners dividend yield and history here.
What others are saying about PNFP
One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.
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Step 5: Make your PNFP buy order
You have two primary options:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are mostly fine. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a given price, place a limit order.
Press the Open Trade button and eToro will place the order.
If you need more info about investing in stocks on eToro, click the how to video below:
Step 6: Get updates on your investment in PNFP
Now that you own some PNFP shares, you'll want to keep up with your company.
Start a watchlist to see the latest developments about your PNFP stock.
PNFP Feed
How to Buy Stock in Pinnacle Financial Partners
To reiterate, here are the 6 steps you need to take to buy Pinnacle Financial Partners stock right now:
- Decide where to buy Pinnacle Financial Partners stock
- Sign up for your brokerage account
- Fund your brokerage account
- Research Pinnacle Financial Partners stock
- Make your PNFP buy order
- Get updates on your investment in PNFP
If you need a online brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to keep an eye on your investment in Pinnacle Financial Partners, get started below.
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