Andrew Stapp at Hilliard Lyons liked the look of Pinnacle Financial Partners' fourth-quarter numbers. He has hiked his rating on the shares of Nashville's biggest bank to 'buy' from 'long-term buy.' Pinnacle (Ticker: PNFP) ended last week at $37.80 and is up about 5 percent over the past three months.
Over at Piper Jaffray, Kevin Ellich has upgraded AmSurg to 'overweight' from 'neutral,' saying the company now trades at a better valuation. Ellich also raised his target for the Nashville-based company to $65 from $54. AmSurg (Ticker: AMSG) shares finished Friday trading at $55.31 and have climbed about 10 percent over the past three months.
Pinnacle Financial Partners has recruited eight-year banking veteran Nathan Matheson to be a senior vice president and business banker at its West Baddour office in Lebanon. Matheson, who is working on his master's in finance and economics at Middle Tennessee State University, had been a VP at SunTrust.
Pinnacle also has hired Liz Thomas in Lebanon as service specialist. She has 11 years of experience and joins Pinnacle from First Tennessee Bank, where she was an operations manager. Before that, she worked at Carolyn Miller State Farm Insurance and Wilson Bank & Trust.
Pinnacle runs four offices in Wilson and ranked second in deposit share as of mid-2013 with 13 percent of the market.
POSTDATA: WARRANTY DEEDS