Raymond James analyst Michael Rose maintained a Buy rating on Pinnacle Financial Partners (NASDAQ:PNFP) on Wednesday, setting a price target of $48, which is approximately 14.48% above the present share price of $41.93.
Rose expects Pinnacle Financial Partners to post earnings per share (EPS) of $0.83 for the third quarter of 2020.
The current consensus among 5 TipRanks analysts is for a Moderate Buy rating of shares in Pinnacle Financial Partners, with an average price target of $44.
The analysts price targets range from a high of $48 to a low of $35.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $256.4 million and a net profit of $0. The company's market cap is $3.06 billion.
According to TipRanks.com, Raymond James analyst Michael Rose is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 1.7% and a 52.01% success rate.
Pinnacle Financial Partners, Inc. operates as a bank holding company, which engages in the provision of financial services. It also provides personalized services to small community banks, while seeking to offer the products and services, such as investments and treasury management. Its banking services include investment, mortgage, insurance, and comprehensive wealth management services, in its primary market areas of the Nashville-Davidson-Murfreesboro-Franklin, Tennessee and Knoxville, Tennessee Metropolitan Statistical Areas. The company was founded by Dale W. Polley, M. Terry Turner, Sue G. Atkinson, Reese L. Smith III and Robert A. McCabe, Jr. on February 28, 2000 and is headquartered in Nashville, TN.