Lbmc Investment Advisors buys $1,485,244 stake in Pinnacle Financial Partners (PNFP)

Pinnacle Financial Partners (PNFP) : Lbmc Investment Advisors scooped up 30 additional shares in Pinnacle Financial Partners during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 10, 2016. The investment management firm now holds a total of 31,927 shares of Pinnacle Financial Partners which is valued at $1,485,244.Pinnacle Financial Partners makes up approximately 0.31% of Lbmc Investment Advisors’s portfolio.

Other Hedge Funds, Including , Mutual Of America Capital Management reduced its stake in PNFP by selling 400 shares or 0.64% in the most recent quarter. The Hedge Fund company now holds 61,669 shares of PNFP which is valued at $2,868,842. Pinnacle Financial Partners makes up approx 0.06% of Mutual Of America Capital Management’s portfolio.Profund Advisors reduced its stake in PNFP by selling 1,765 shares or 25.45% in the most recent quarter. The Hedge Fund company now holds 5,170 shares of PNFP which is valued at $244,386. Pinnacle Financial Partners makes up approx 0.01% of Profund Advisors’s portfolio.Swiss National Bank boosted its stake in PNFP in the latest quarter, The investment management firm added 17,900 additional shares and now holds a total of 64,800 shares of Pinnacle Financial Partners which is valued at $3,063,096. Pinnacle Financial Partners makes up approx 0.01% of Swiss National Bank’s portfolio.Wedge Capital Management L L Pnc reduced its stake in PNFP by selling 3,302 shares or 1.07% in the most recent quarter. The Hedge Fund company now holds 305,433 shares of PNFP which is valued at $14,437,818. Pinnacle Financial Partners makes up approx 0.15% of Wedge Capital Management L L Pnc’s portfolio.

Pinnacle Financial Partners opened for trading at $46.4 and hit $47.48 on the upside on Monday, eventually ending the session at $46.99, with a gain of 1.01% or 0.47 points. The heightened volatility saw the trading volume jump to 91,987 shares. Company has a market cap of $1,976 M.

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.

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.

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