FTSE 100 today: Index rises, pound strengthens; Tullow Oil slumps, Hiscox rises
M. Terry Turner, CEO of Pinnacle Financial Partners Inc. (NASDAQ:PNFP), recently sold shares worth approximately $1.13 million, according to a recent SEC filing. The transactions occurred on February 26, 2025, with Turner disposing of 10,000 shares at prices ranging from $112.68 to $113.60 per share. The sale comes as PNFP shares have delivered a robust 37% return over the past year, with InvestingPro data showing the stock currently trades near $113, suggesting slight undervaluation based on Fair Value analysis.
In addition to the sales, Turner acquired 40,544 shares on February 25, 2025, as part of a performance unit vesting, with no purchase price involved. Following these transactions, Turner holds 238,275 shares directly. Nine analysts have recently revised their earnings expectations upward for the upcoming period, according to InvestingPro data.
The transactions reflect Turner’s ongoing management of his holdings in the Nashville-based financial institution. With a market capitalization of $8.69 billion and a 13-year track record of consecutive dividend payments, Pinnacle Financial Partners continues to be a significant player in the national commercial banking sector. For deeper insights into PNFP’s financial health and growth prospects, investors can access comprehensive analysis through InvestingPro’s detailed research reports.
In other recent news, Pinnacle Financial Partners Inc. disclosed the issuance of equity awards to its key executives, including CEO M. Terry Turner. The company’s Human Resources and Compensation Committee approved the grants under its Second Amended and Restated 2018 Omnibus Equity Incentive Plan. These awards consist of time-based restricted share units and performance-based units, which will vest over three years based on specific performance metrics. In related developments, Citi analyst Benjamin Gerlinger raised Pinnacle Financial’s price target to $148, highlighting the company’s strong loan growth within the regional banking sector. Gerlinger attributes this growth to Pinnacle’s strategic hiring practices, indicating a positive outlook for the company’s earnings per share in the coming years. Previously, Gerlinger had increased the price target to $132, citing the company’s potential for loan growth and net interest margin improvement. Pinnacle Financial’s ability to add lenders at a rate above its peers is expected to contribute to significant loan growth. These developments underscore the firm’s confidence in Pinnacle Financial’s strategic positioning and long-term growth prospects.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.