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Stock impact report

Pinnacle Financial Partners: Loan Renewals, Organic Loan Growth To Drive Earnings [Seeking Alpha]

Pinnacle Financial Partners, Inc. (PNFP) 
Last pinnacle financial partners, inc. earnings: 4/20 06:00 pm Check Earnings Report
Company Research Source: Seeking Alpha
Follow Play 11min Summary A large amount of low-yielding fixed-rate loans will mature in the second half of 2024. The reinvestment will lift the margin despite the falling rate environment. I'm expecting loan growth to improve because of interest rate cuts as well as Tennessee's economic strength. Weakness in the BHG group will likely undermine the growth of core fee income. The December 2025 target price suggests a small upside from the current market price. PNFP is offering a very low dividend yield of 0.94%. omersukrugoksu/iStock via Getty Images Earnings of Pinnacle Financial Partners, Inc. ( NASDAQ: PNFP ) will likely trend upwards on the back of the reinvestment of maturing fixed-rate loans that were carrying very low rates. Loan growth will likely add further support for the bottom line. Overall, I'm expecting earnings to drop by 12% to $6.26 per share in 2024, and then rise by 23% to $7.70 per share in 2025. The December 2025 target price suggests a small up Show less Read more
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