Pinnacle Financial Partners (NASDAQ:PNFP – Get Free Report) issued its quarterly earnings data on Tuesday. The financial services provider reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.79 by $0.07, Yahoo Finance reports. The company had revenue of $810.11 million during the quarter, compared to analysts’ expectations of $454.18 million. Pinnacle Financial Partners had a return on equity of 8.97% and a net margin of 13.93%. During the same quarter in the previous year, the company posted $1.79 earnings per share.
Pinnacle Financial Partners Price Performance
Shares of NASDAQ:PNFP traded up $0.65 during trading on Thursday, hitting $106.12. 109,946 shares of the company were exchanged, compared to its average volume of 467,671. The business’s 50 day moving average is $95.27 and its 200-day moving average is $86.79. The company has a market capitalization of $8.19 billion, a P/E ratio of 15.09 and a beta of 1.05. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.43. Pinnacle Financial Partners has a 1-year low of $59.66 and a 1-year high of $107.08.
Pinnacle Financial Partners Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 1st will be issued a dividend of $0.22 per share. The ex-dividend date is Friday, November 1st. This represents a $0.88 annualized dividend and a dividend yield of 0.83%. Pinnacle Financial Partners’s dividend payout ratio (DPR) is presently 12.59%.
Wall Street Analyst Weigh In
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About Pinnacle Financial Partners
Pinnacle Financial Partners, Inc, together with its subsidiaries, operates as the bank holding company for Pinnacle Bank that provides various banking products and services to individuals, businesses, and professional entities in the United States. The company accepts various deposits, including savings, noninterest-bearing and interest-bearing checking, money market, and certificate of deposit accounts; and provides treasury management services, which includes online wire origination, enhanced ACH origination services, positive pay, zero balance and sweep accounts, automated bill pay services, electronic receivables processing, lockbox processing, and merchant card acceptance services.
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