Trade-Ideas LLC identified

Pinnacle Financial Partners

(

PNFP

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Pinnacle Financial Partners as such a stock due to the following factors:

  • PNFP has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $10.3 million.
  • PNFP has traded 19,687 shares today.
  • PNFP is trading at a new lifetime high.

EXCLUSIVE OFFER: Get the inside scoop on opportunities in PNFP with the Ticky from Trade-Ideas. See the FREE profile for PNFP NOW at Trade-Ideas

More details on PNFP:

Pinnacle Financial Partners, Inc. operates as the holding company for Pinnacle Bank that provides various banking services to individuals, small-to medium-sized businesses, and professional entities in the United States. The stock currently has a dividend yield of 0.9%. PNFP has a PE ratio of 22. Currently there are 3 analysts that rate Pinnacle Financial Partners a buy, no analysts rate it a sell, and 3 rate it a hold.

The average volume for Pinnacle Financial Partners has been 173,700 shares per day over the past 30 days. Pinnacle Financial has a market cap of $1.9 billion and is part of the financial sector and banking industry. The stock has a beta of 1.19 and a short float of 4% with 7.44 days to cover. Shares are up 35.9% year-to-date as of the close of trading on Wednesday.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Pinnacle Financial Partners as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, solid stock price performance and expanding profit margins. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity.

Highlights from the ratings report include:

  • The revenue growth greatly exceeded the industry average of 3.3%. Since the same quarter one year prior, revenues rose by 34.9%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • PINNACLE FINL PARTNERS INC has improved earnings per share by 19.2% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, PINNACLE FINL PARTNERS INC increased its bottom line by earning $2.01 versus $1.67 in the prior year. This year, the market expects an improvement in earnings ($2.60 versus $2.01).
  • The company, on the basis of net income growth from the same quarter one year ago, has significantly outperformed against the S&P 500 and exceeded that of the Commercial Banks industry average. The net income increased by 32.7% when compared to the same quarter one year prior, rising from $18.20 million to $24.15 million.
  • Investors have apparently begun to recognize positive factors similar to those we have mentioned in this report, including earnings growth. This has helped drive up the company's shares by a sharp 40.74% over the past year, a rise that has exceeded that of the S&P 500 Index. We feel that the stock's sharp appreciation over the last year has driven it to a price level which is now somewhat expensive compared to the rest of its industry. The other strengths this company shows, however, justify the higher price levels.
  • The gross profit margin for PINNACLE FINL PARTNERS INC is currently very high, coming in at 91.69%. Regardless of PNFP's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, PNFP's net profit margin of 27.25% compares favorably to the industry average.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.