Pinnacle Financial Partners, Inc. (PNFP)

A major event was the announcement of its intent to merge with Synovus Financial Corp., which led to an initial stock price drop but later received shareholder and regulatory approval. Robert A. McCabe, Jr., Chairman of Pinnacle Financial Partners, sold 6,775 shares of common stock. Stephens lowered its price target for Pinnacle Financial Partners to $97.00. Pinnacle Financial Partners' stock price had fallen by 18.8% over the past six months, underperforming the S&P 500.

Information specifically detailing the demand seasonality for Pinnacle Financial Partners' products and services is not readily available. While financial institutions aim to provide consistent services year-round, and certain loan types might see seasonal upticks, the overall demand for a diversified financial services firm is not explicitly described as highly seasonal in the provided context.

Pinnacle Financial Partners, Inc. (PNFP) is a financial services company and bank holding company based in Nashville, Tennessee, primarily engaged in the Finance sector. It offers a range of banking, investment, trust, mortgage, and insurance products and services, including commercial banking, consumer banking, wealth management, and insurance services. The firm focuses on serving businesses, their owners and employees, and individuals seeking a comprehensive financial relationship.

Pinnacle Financial Partners operates in 15 primarily urban markets across the Southeastern United States, including Tennessee, North Carolina, South Carolina, Virginia, Georgia, and Alabama. As of December 31, 2022, it operated 114 offices. The company's footprint is set to expand significantly with its proposed merger with Synovus Financial Corp.

Pinnacle Financial Partners has maintained a strong brand reputation, being recognized as a top employer. It was ranked as the No. 4 "Best Bank to Work For" by American Banker and appeared on FORTUNE's list of the "100 Best Companies to Work For®". It was also recognized as a "Best Workplace in Financial Services and Insurance" and a "Best Workplace for Women" by FORTUNE.

Pinnacle Financial Partners, Inc. is predominantly owned by institutional investors, who hold approximately 88% of the company's shares. The general public holds about 9.99% to 11% of the stock, while individual insiders own between 1.67% and 4.95%. Major institutional shareholders include The Vanguard Group, Inc., BlackRock, Inc., T. Rowe Price Group, Inc., State Street Global Advisors, Inc., Nomura Holdings, Inc., and Invesco Ltd. The largest individual shareholder is Robert A. McCabe Jr.