Pinnacle Financial Partners (PNFP) : Copper Rock Capital Partners added new position in Pinnacle Financial Partners during the most recent quarter end. The investment management firm now holds 396,457 shares of Pinnacle Financial Partners which is valued at $19.3 Million according to a report filed by the company on Apr 5, 2016 with the SEC.Pinnacle Financial Partners makes up approximately 1.70% of Copper Rock Capital Partners’s portfolio.
On the company’s financial health, Pinnacle Financial Partners reported $0.66 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Oct 20, 2015. Analyst had a consensus of $0.64.Analysts expectations of $ 78.00.During the same quarter in the previous year, the company posted $0.52 EPS.
Many Wall Street Analysts have commented on Pinnacle Financial Partners. Shares were Upgraded by Hovde Group on Jan 25, 2016 to ” Market Perform” and Lowered the Price Target to $ 51 from a previous price target of $52 .
Pinnacle Financial Partners opened for trading at $48.41 and hit $49.87 on the upside on Monday, eventually ending the session at $48.72, with a gain of 1.10% or 0.53 points. The heightened volatility saw the trading volume jump to 1,64,289 shares. Company has a market cap of $2,000 M.
Pinnacle Financial Partners Inc. (Pinnacle) is a bank holding company. Pinnacle operates through its wholly owned subsidiary Pinnacle Bank. The Company operates as a community bank primarily in the urban markets of Nashville and Knoxville Tennessee. As an urban community bank Pinnacle provides the personalized service associated with small community banks while seeking to offer the products and services such as investments and treasury management offered by large regional and national banks. Pinnacle Bank offers an array of convenience-centered products and services including 24-hour telephone and internet banking mobile banking debit and credit cards direct deposit remote deposit and cash management services for small- to medium-sized businesses. In addition Pinnacle Bank is associated with a network of automated teller machines of other financial institutions that its clients are able to use throughout Tennessee and other regions across the nation.