Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) banking products and services provider, is expected to report second quarter earnings results, after market close, on Tuesday 21st July 2020.
Analysts polled by Thomson Reuters anticipate second quarter income of $ 0.88 per share.
Looking ahead, the full year income are expected at $ 3.55 per share on the revenues of $ 1123.74 million.
Previous Quarter Performance
Pinnacle Financial Partners, Inc. unwinded income for the first quarter of $ 0.39 per share, from the revenue of $ 263.47 million. The quarterly earnings dropped 68.55 percent while revenues swell 7.01 percent compared with the same quarter last year.
Street analysts expected Pinnacle Financial Partners, Inc. to report income of $ 1.05 per share on revenue of $ 260.14 million for the first quarter. The bottom line results missed street analysts by $ 0.66 or 62.86 percent, at the same time, top line results outshined analysts by $ 3.33 million or 1.28 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of PNFP was $ 38.67, representing a 39.10 % increase from the 52 week low of $ 27.80 and a 40.51 % decrease over the 52 week high of $ 65.00.
The company has a market capital of $ 2.93 billion and is part of the Financial Services sector and Banks – Regional – US industry.
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Recent Analyst recommendations
On 7th July 2020, maintained by Wells Fargo & Co at Overweight rating, with $ 44.00 target price.
On 18th June 2020, maintained by JPMorgan Chase & Co. at Neutral rating, with $ 45.00 target price.
On 17th June 2020, upgraded by Raymond James to Outperform from Market Perform rating.
On 15th June 2020, maintained by SunTrust Robinson Humphrey at Buy rating, with $ 50.00 target price.
Recent Stock Dividend Announcement
On April 21, 2020, the board of directors authorized quarterly dividend of $ 0.16 per share to holders of record as of the close of business on May 1, 2020, with payment date of May 29, 2020 and ex-dividend date on April 30, 2020.
Pinnacle Financial Partners, Inc. operates as a bank holding company for Pinnacle Bank that provides various banking products and services in the United States. The company accepts various deposits, including savings, checking, interest-bearing checking, money market, and certificate of deposit accounts.
