Pinnacle Financial Partners INC Has Increased Pinnacle Finl Partners INC (PNFP) Holding by $56.66 Million; Shares Declined

January 16, 2018 - By Michael Collier

Investors sentiment decreased to 1.47 in Q3 2017. Its down 0.92, from 2.39 in 2017Q2. It is negative, as 24 investors sold PNFP shares while 66 reduced holdings. 32 funds opened positions while 100 raised stakes. 55.20 million shares or 3.94% more from 53.10 million shares in 2017Q2 were reported. 4,943 were reported by Asset Inc. Advisory Ltd holds 100 shares or 0% of its portfolio. Carroll Associates holds 0.06% of its portfolio in Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) for 7,620 shares. Trexquant Lp holds 0.06% or 3,655 shares in its portfolio. Farmers And Merchants holds 0% of its portfolio in Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) for 131 shares. Amer Group Inc Inc owns 150,906 shares for 0.04% of their portfolio. 27,878 were reported by Rafferty Asset Ltd Liability. Bnp Paribas Arbitrage invested in 0.01% or 32,110 shares. City Holdings Co stated it has 0.01% of its portfolio in Pinnacle Financial Partners, Inc. (NASDAQ:PNFP). Ubs Asset Americas Inc reported 0.01% in Pinnacle Financial Partners, Inc. (NASDAQ:PNFP). Northwestern Mutual Wealth Mngmt holds 0% or 2,763 shares in its portfolio. Arizona State Retirement System reported 41,835 shares stake. Pub Employees Retirement Systems Of Ohio holds 0.04% in Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) or 112,263 shares. South Carolina-based South State has invested 0.03% in Pinnacle Financial Partners, Inc. (NASDAQ:PNFP). The Illinois-based Oakbrook Invs Limited Liability Company has invested 0.03% in Pinnacle Financial Partners, Inc. (NASDAQ:PNFP).

Since August 22, 2017, it had 0 insider buys, and 9 insider sales for $12.25 million activity. Sloan Thomas R also sold $989,600 worth of Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) shares. MCCABE ROBERT A JR had sold 70,000 shares worth $4.71 million on Friday, October 20. CARPENTER HAROLD R sold $1.19M worth of stock. Another trade for 31,171 shares valued at $2.09 million was made by TURNER M TERRY on Monday, January 8. Samuel Ronald L sold $181,355 worth of stock.

Pinnacle Financial Partners Inc increased its stake in Pinnacle Finl Partners Inc (PNFP) by 337.69% based on its latest 2017Q3 regulatory filing with the SEC. Pinnacle Financial Partners Inc bought 858,514 shares as the company’s stock declined 14.16% while stock markets rallied. The institutional investor held 1.11M shares of the finance company at the end of 2017Q3, valued at $74.50 million, up from 254,233 at the end of the previous reported quarter. Pinnacle Financial Partners Inc who had been investing in Pinnacle Finl Partners Inc for a number of months, seems to be bullish on the $5.24 billion market cap company. The stock decreased 1.02% or $0.7 during the last trading session, reaching $67.85. About 677,620 shares traded or 66.00% up from the average. Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) has risen 26.22% since January 16, 2017 and is uptrending. It has outperformed by 9.52% the S&P500.

Another recent and important Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) news was published by Bizjournals.com which published an article titled: “Watch a helicopter install Pinnacle’s bigger downtown signs” on December 18, 2017.

Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) Ratings Coverage

Among 13 analysts covering Pinnacle Financial Partners (NASDAQ:PNFP), 7 have Buy rating, 0 Sell and 6 Hold. Therefore 54% are positive. Pinnacle Financial Partners had 31 analyst reports since July 23, 2015 according to SRatingsIntel. The stock has “Buy” rating by SunTrust on Monday, January 8. The stock has “Hold” rating by Keefe Bruyette & Woods on Thursday, December 21. The stock of Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) earned “Hold” rating by Keefe Bruyette & Woods on Tuesday, October 3. The rating was downgraded by Hilliard Lyons to “Neutral” on Thursday, October 20. The rating was upgraded by Hilliard Lyons to “Buy” on Wednesday, November 8. The firm earned “Buy” rating on Tuesday, October 3 by SunTrust. Sandler O’Neill downgraded the shares of PNFP in report on Tuesday, September 13 to “Hold” rating. The firm earned “Market Perform” rating on Monday, July 27 by FIG Partners. On Thursday, July 23 the stock rating was downgraded by Bruyette & Woods” to “Mkt Perform”. PiperJaffray reinitiated Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) rating on Thursday, October 5. PiperJaffray has “Overweight” rating and $72 target.

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