This community bank recently beat earnings estimates by two cents and eight analysts have increased their forecasts for 2015 in the past 30 days.
Pinnacle Financial Partners (PNFP)
from Validea Hot List Newsletter
Strategy: P/E/Growth Investor
Based on: Peter Lynch
Guru Score: 91%
Pinnacle Financial Partners, Inc. (PNFP) is a bank holding company. Pinnacle operates through its wholly owned subsidiary, Pinnacle Bank, a community bank primarily in the urban markets of Nashville and Knoxville, Tennessee. Pinnacle Bank offers an array of convenience-centered products and services, including 24-hour telephone and internet banking, mobile banking, debit and credit cards, direct deposit, remote deposit and cash management services for small- to medium-sized businesses.
P/E/GROWTH RATIO: [PASS]. The P/E/G ratio for PNFP (0.80) makes it favorable.
EPS GROWTH RATE: [PASS]. The EPS growth rate for PNFP is 28.1%, based on the average of the 3 and 4 year historical eps growth rates using the current fiscal year eps estimate, which is acceptable.
EQUITY/ASSETS RATIO: [PASS]. PNFP’s Equity/Assets ratio (13.00%) is healthy and above the minimum 5% this methodology looks for, thus passing the criterion.
RETURN ON ASSETS: [PASS]. PNFP’s ROA (1.21%) is above the minimum 1% that this methodology looks for, thus passing the criterion.
John Reese, Validea Hot List Newsletter, www.validea.com, 877-439-0506, October 23, 2015