Analyst action: Pinnacle, Genesco

Analysts at Zacks Investment Research have hiked their rating on shares of Pinnacle Financial Partners. They now rate the Nashville-based bank holding company a 'buy' instead of a 'hold' and see the shares climbing to $59 in the coming quarters. Pinnacle (Ticker: PNFP) ended last week at $53.10.

At Macquarie, Laurent Vasilescu and Stephanie Wakeham have begun covering shares of apparel retailer Genesco with a 'neutral' rating that balances the strong performance at the company's Journeys brand with the struggles of its Lids concept. Their target for Genesco (Ticker: GCO) is $69, about 10 percent higher than where the stock finished Friday's session.

Jul 27, 2015 8:41 AM

Earnings wrap: Avenue, First Farmers

Mortgages power downtown lender’s fee income; better credit quality helps lift Columbia bank
Jul 24, 2015 2:36 PM

F&M Bank set to sell

Prominent regional business executive Gaylon Lawrence has agreed to buy F&M Bank in Clarksville, which has about $860 million in assets and last year produced $5.3 million in profits. Click here to read more at The Leaf-Chronicle courtesy of Jimmy Settle, who talked to an upbeat F&M President and CEO Sammy Stuard.

“Through this merger the bank stays fully intact in Clarksville, Tenn. There are going to be no changes in employment or anything,” Stuard said. “Actually, nothing changes except the owner. Our existing board of directors also stays intact, although there may be some additions to the board over time.

Lawrence also is a backer of Tennessee Bank & Trust in Williamson County and is helping John Eakin build his 1201 Demonbreun office tower in The Gulch.

Jul 24, 2015 7:47 AM

Pinnacle execs look to build on BHG investment

Health care lender has produced $1.5M in monthly profits since February
Jul 24, 2015 7:28 AM

Rehab on the way for Franklin Public Square landmark

First Tennessee to sell building but remain as tenant
Jul 23, 2015 3:13 PM

Fifth Third lands BofA exec

SVP had managed team of 70 from Charlotte
Jul 23, 2015 2:40 PM

Cat Financial numbers drop on lower orders

The numbers at Caterpillar Financial Services took a turn for the worse in the second quarter. The lending arm of construction equipment giant Caterpillar still posted a profit of $104 million in the three months ended June 30, but that was down 30 percent from a year earlier. Revenues slipped 6 percent to $683 million but new business fell 20 percent as most of the company's big customer groups cut back on spending.

Jul 23, 2015 11:44 AM

Two analysts cut Pinnacle ratings

Two firms tracking the shares of Pinnacle Financial Partners have lowered their ratings on Nashville's biggest bank company following its second-quarter profit report. Keefe Bruyette & Woods analyst Jefferson Harralson has trimmed Pinnacle to 'market perform' from 'outperform' but maintained his $54 price target. And analysts at Portales Partners have made a similar move, going to 'sector perform.' Pinnacle shares, which took a dip yesterday following the profit report, are up 1.6 percent to $55.49 (Ticker: PNFP) this morning.

Jul 23, 2015 10:16 AM

Ex-ECD chief named to Pinnacle board

Private-equity veteran is second recent addition
Jul 23, 2015 7:04 AM

Ernst & Young announces health care market team

Three industry group leaders to be based in Nashville
Jul 22, 2015 12:17 PM