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PNFP Pinnacle Financial Partners

Great Place to Work® is the global authority on workplace culture. Since 1992, they have surveyed more than 100 million employees around the world and used those deep insights to define what makes a great workplace: trust. Great Place to Work helps organizations quantify their culture and produce better business results by creating a high-trust work experience for all employees. Emprising®, their culture management platform, empowers leaders with the surveys, real-time reporting, and insights they need to make data-driven people decisions. Their unparalleled benchmark data is used to recognize Great Place to Work-Certified™ companies and the Best Workplaces™ in the US and more than 60 countries, including the 100 Best Companies to Work For® and World's Best list published annually in Fortune. Everything they do is driven by the mission to build a better world by helping every organization become a Great Place to Work For All™.

Company profile

Ticker
PNFP, PNFPP
Exchange
Website
CEO
M. Terry Turner
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Subsidiaries
PFP Title Company • Pinnacle Community Development, Inc. • Pinnacle Community Development SLP, Inc. • PNFP Holdings, Inc. • PNFP Properties, Inc. • Pinnacle Wealth Advisors, Inc. • Pinnacle Credit Enhancement Holdings, Inc. • Pinnacle Rutherford Real Estate, Inc. • Pinnacle Nashville Real Estate, Inc. • Pinnacle Service Company ...
IRS number
621812853

PNFP stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors
Top 50 of 461 long holdings
End of quarter 30 Jun 21
Value
 
#Shares
 
Prev Q
 
Change
%, QoQ
$138.05M 350.81K 354.08K -0.9
$93.17M 217.67K 218.38K -0.3
$73.99M 540.21K 538.31K +0.4
$70.63M 260.73K 257.34K +1.3
$58.42M 661.69K 665.28K -0.5
$51.98M 603.28K 324.78K +85.8
$47.7M 175.69K 173.6K +1.2
$45.73M 13.29K 12.87K +3.3
$42.97M 276.28K 271.66K +1.7
Vanguard Tax-managed Intl FD
$38.03M 738.1K 720.71K +2.4
$35.41M 14.5K 13.9K +4.3
$33.67M 84.08K 81.12K +3.7
$33.2M 141.97K 135.27K +5.0
$30.83M 107.5K 122.33K -12.1
$30.81M 372.48K 329.59K +13.0
$29.81M 144.19K 140.9K +2.3
Vanguard Mun BD FDS
$29.04M 525.11K 429.02K +22.4
Vanguard Intl Equity Index F
$27.18M 500.51K 486.21K +2.9
$26.45M 166.76K 151.3K +10.2
$25.43M 264.19K 255.01K +3.6
$24.82M 442.1K 416.8K +6.1
$24.34M 308.58K 306.62K +0.6
$23.99M 82.31K 89.6K -8.1
$23.34M 73.2K 77.21K -5.2
$23.26M 61.47K 59.26K +3.7
$22.79M 102.29K 102.72K -0.4
$21.97M 168.3K 263.42K -36.1
$21.3M 107.23K 102.59K +4.5
$20.7M 133.96K 132.87K +0.8
$20.5M 84.1K 82.13K +2.4
$19.32M 92.88K 104.3K -11.0
$19.21M 337.11K 312.68K +7.8
$18.97M 86.24K 84.53K +2.0
$17.87M 51.4K 47.01K +9.3
$17.73M 77.28K 73.91K +4.6
$17.58M 239.94K 237.35K +1.1
$17.44M 79.52K 76.16K +4.4
$17.23M 164.46K 116.39K +41.3
$17.11M 594.44K 418.01K +42.2
$16.9M 102.58K 102.65K -0.1
$16.46M 325.73K 253.18K +28.7
$15.69M 149.75K 140.14K +6.9
$15.44M 57.47K 57.44K +0.1
$15.42M 136.85K 110.73K +23.6
$15.06M 271.31K 250.18K +8.4
$14.97M 179.39K 163.22K +9.9
$14.78M 111.45K 93.87K +18.7
$14.69M 99.11K 97.61K +1.5
$14.57M 107.97K 106.29K +1.6
$14.29M 94.99K 90K +5.5
Holdings list only includes long positions. Only includes long positions.

Calendar

6 Aug 21
25 Sep 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 155.28M 155.28M 155.28M 155.28M 155.28M 155.28M
Cash burn (monthly) 2.52M 8.28M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 7.2M 23.65M n/a n/a n/a n/a
Cash remaining 148.08M 131.63M n/a n/a n/a n/a
Runway (months of cash) 58.8 15.9 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
14 Sep 21 M Terry Turner PNFP Common Stock Gift Dispose G No No 0 16,700 0 152,417
13 Sep 21 M Terry Turner PNFP Common Stock Sell Dispose S Yes No 95 29,660 2.82M 0
13 Sep 21 M Terry Turner PNFP Common Stock Sell Dispose S Yes No 94.24 100,000 9.42M 29,660
13 Sep 21 M Terry Turner PNFP Common Stock Sell Dispose S No No 95 3,340 317.3K 169,117
13 Sep 21 M Terry Turner PNFP Common Stock Sell Dispose S No No 94.24 76,000 7.16M 172,457
1 Sep 21 Queener Hugh M PNFP Common Stock Sell Dispose S No No 95.405 843 80.43K 237,207
16 Aug 21 Harold R Carpenter PNFP Common Stock Payment of exercise Dispose F No No 95.86 493 47.26K 36,992
28 Jul 21 Abney S Boxley Iii PNFP Common Stock Gift Dispose G No No 0 556 0 27,538
23 Jul 21 Abney S Boxley Iii PNFP Common Stock Gift Acquire G Yes No 0 1,450 0 6,971
23 Jul 21 Abney S Boxley Iii PNFP Common Stock Gift Dispose G No No 0 1,450 0 28,094

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

80.0% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 339 346 -2.0%
Opened positions 27 62 -56.5%
Closed positions 34 28 +21.4%
Increased positions 88 91 -3.3%
Reduced positions 137 132 +3.8%
13F shares
Current Prev Q Change
Total value 5.38B 5.35B +0.6%
Total shares 60.92M 60.32M +1.0%
Total puts 18K 1K +1700.0%
Total calls 104.6K 159.9K -34.6%
Total put/call ratio 0.2 0.0 +2651.6%
Largest owners
Shares Value Change
Vanguard 6.78M $598.46M +0.9%
BLK Blackrock 6.62M $584.18M -4.3%
TROW T. Rowe Price 5.7M $502.84M +0.9%
STT State Street 3.31M $292.12M +11.8%
Dimensional Fund Advisors 2.25M $199.03M -9.9%
Wasatch Advisors 1.87M $164.88M -2.3%
Victory Capital Management 1.41M $124.66M -17.0%
MCQEF Macquarie 1.22M $107.83M +1676.0%
Manufacturers Life Insurance Company, The 1.22M $107.52M +12.7%
GS Goldman Sachs 1.21M $106.8M +10.1%
Largest transactions
Shares Bought/sold Change
MCQEF Macquarie 1.22M +1.15M +1676.0%
WDR Waddell & Reed Financial 0 -1.08M EXIT
Pinnacle Wealth Advisors 661.69K +661.69K NEW
JPM JPMorgan Chase & Co. 856.14K +585.31K +216.1%
Alliancebernstein 1.01M +415.13K +69.5%
STT State Street 3.31M +347.97K +11.8%
Wedge Capital Management L L P 477.96K -340.75K -41.6%
BLK Blackrock 6.62M -300K -4.3%
Victory Capital Management 1.41M -289.2K -17.0%
Public Employees Retirement Association Of Colorado 289.68K +280.1K +2925.0%

Financial report summary

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Management Discussion
  • Net Interest Income. Net interest income represents the amount by which interest earned on various earning assets exceeds interest paid on deposits and other interest-bearing liabilities and is the most significant component of our revenues. Net interest income totaled $233.2 million and $456.1 million, respectively, for the three and six months ended June 30, 2021 compared to $200.7 million and $394.2 million, respectively, for the same periods in the prior year, representing increases of $32.6 million and $61.9 million, respectively. For the three and six months ended June 30, 2021 when compared to the comparable periods in 2020, this increase was largely the result of lower cost of funds, the impact of both interest and fees related to the PPP and our pay down of a portion of the additional liquidity we acquired in 2020 in response to the economic uncertainty resulting from the COVID-19 pandemic as well as organic loan growth during the comparable periods offset in part by yield compression in our earning asset portfolio.
Content analysis
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