Pinnacle buys back TARP warrants

Bank holding company cuts one last check to rid itself of TARP overhang
Jul 3, 2012 1:07 PM

J. Alexander's bumps up borrowing capacity

Just days after agreeing to sell to Fidelity National Financial, J. Alexander's officials on Friday finalized some amendments to their Pinnacle National Bank loan deals. Chief among them was a bump in capacity to $6 million from $5 million and a lowering of the base interest rate. Check out the parties' original 2009 agreement here.

Jul 3, 2012 6:48 AM

Pinnacle files to switch charter

CEO Turner cites value of 'close contact with regulatory decision makers'
Jun 26, 2012 6:44 AM

Rhythm partners in liability dispute

Caden claims he overpaid when condo project went south
Jun 22, 2012 10:57 AM

Pinnacle bids adieu to TARP

New $25M debt facility helps fund check to Treasury
Jun 21, 2012 7:20 AM

Ticker: Bang for the buck

Our annual ranking of local public-company CEOs’ pay is topped by familiar faces
Jun 12, 2012 6:43 AM

Best in Banking

The most respected Middle Tennessee leaders and lenders from institutions large and small
Jun 8, 2012 6:08 AM
 |

On the Move: 14 May 2012

Easter Seals, FirstBank, Franklin Synergy, MNAA, Pinnacle, TMA announce hires, promotions
May 13, 2012 9:20 PM

Close-ish call for Pinnacle director

Looks like a number of Pinnacle Financial Partners investors aren't too thrilled about keeping former Cavalry Banking Chairman and CEO Ed Loughry around for another three years. Loughry, who now is vice chairman of downtown-based Pinnacle, was on the receiving end of more than 10 million 'withheld' votes at the company's recent annual shareholders' meeting. The 7:5 for-against ratio is one of the tightest ones we've seen in a while in uncontested elections at local companies.

At Pinnacle's previous two shareholder meetings, Loughry's board compatriots got an easier ride: The highest number of withheld votes was a shade under 7 million for Clay Jackson — who stepped down from the board early last year.

Apr 23, 2012 6:57 AM

Analyst hikes Pinnacle target

The strong first-quarter numbers reported by Pinnacle Financial Partners impressed Jeff Davis sufficiently to have the Guggenheim Securities analyst significantly lift his earnings estimates for this year and next. Davis now sees Pinnacle earning $1 this year (up from 82 cents) and $1.20 in 2013 (up from 93 cents). Davis also has lifted his price target for Pinnacle (Ticker: PNFP) to $18 from $15. Pinnacle is changing hands Wednesday afternoon at $17.60 and is up about 9 percent year to date.

Our price target equates to 14x our earning power estimate and 157% of TVBPS. The median for peer growth companies we track is 14x FY12E and 186% of TBVPS. The primary downside risk to our estimates and target is deterioration in credit quality.

Apr 18, 2012 1:27 PM