Pinnacle Financial rises after higher Q3 profit
PNFP•Pinnacle Financial Partners shares rose 2.7% after the company reported Q3 adjusted net income of $409 million, or $2.69 per share, compared with $175 million, or $2.27 per share, a year earlier.
1. Q3 results
Shares rose 2.7% to $97.86 after Pinnacle Financial Partners reported Q3 adjusted net income of $409 million, or $2.69 per share, compared with $175 million, or $2.27 per share, a year earlier. Seventeen of 21 analysts rated the stock “strong buy” or “buy,” while four rated it “hold”; the median price target was $117. Including the session’s gain, shares were down 0.6% year to date.
