Pinnacle Financial Partners (NYSE:PNFP) Price Target Raised to $118.00

Key Points

• TD Cowen raised Pinnacle Financial Partners’ price target to $118 from $115 and reiterated a “buy” rating, implying roughly 16% upside. Analysts overall rate the stock “Moderate Buy,” with an average target of $118.95.
• Pinnacle reported quarterly EPS of $2.69, beating the $2.62 consensus estimate, while revenue of $1.32 billion also exceeded expectations. Analysts forecast full-year EPS of $10.20.
• The stock opened at $101.77 and has gained 1.3%, with a market capitalization of approximately $7.89 billion; institutional investors own 87.4% of outstanding shares.

Pinnacle Financial Partners (NYSE:PNFP - Get Free Report) had its price target hoisted by equities researchers at TD Cowen from $115.00 to $118.00 in a report issued on Friday, Benzinga reports. The brokerage currently has a "buy" rating on the stock. TD Cowen's price target points to a potential upside of 15.95% from the company's current price.

Several other equities research analysts also recently weighed in on PNFP. Benchmark upped their price target on Pinnacle Financial Partners from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. Morgan Stanley upped their price objective on Pinnacle Financial Partners from $139.00 to $140.00 and gave the stock an "overweight" rating in a research report on Friday. JPMorgan Chase & Co. reduced their price objective on shares of Pinnacle Financial Partners from $120.00 to $115.00 and set an "overweight" rating for the company in a research report on Thursday, October 1st. DA Davidson upped their target price on shares of Pinnacle Financial Partners from $109.00 to $112.00 and gave the company a "neutral" rating in a report on Friday, July 24th. Finally, Truist Financial dropped their price objective on Pinnacle Financial Partners from $118.00 to $112.00 and set a "buy" rating on the stock in a report on Friday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $118.95.

Pinnacle Financial Partners Trading Up 1.3%

Shares of PNFP opened at $101.77 on Friday. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.73. The firm's fifty day moving average is $97.96 and its two-hundred day moving average is $98.26. The stock has a market cap of $7.89 billion, a PE ratio of 13.91, a price-to-earnings-growth ratio of 0.40 and a beta of 1.03. Pinnacle Financial Partners has a 52-week low of $81.08 and a 52-week high of $110.33.

Pinnacle Financial Partners (NYSE:PNFP - Get Free Report) last issued its earnings results on Wednesday, October 21st. The company reported $2.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.62 by $0.07. The company had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $1.28 billion. Pinnacle Financial Partners had a return on equity of 11.88% and a net margin of 15.97%. Research analysts forecast that Pinnacle Financial Partners will post 10.20 earnings per share for the current fiscal year.

Insider Activity at Pinnacle Financial Partners

In other news, Director Gregory G. Montana bought 500 shares of the business's stock in a transaction that occurred on Thursday, September 10th. The shares were acquired at an average cost of $98.61 per share, with a total value of $49,305.00. Following the transaction, the director owned 4,959 shares of the company's stock, valued at $489,006.99. This represents a 11.21% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Kevin S. Blair bought 2,565 shares of Pinnacle Financial Partners stock in a transaction that occurred on Tuesday, September 1st. The stock was purchased at an average price of $97.48 per share, for a total transaction of $250,036.20. Following the acquisition, the chief executive officer directly owned 152,397 shares of the company's stock, valued at $14,855,659.56. The trade was a 1.71% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have sold 177,228 shares of company stock valued at $19,153,713. Company insiders own 1.30% of the company's stock.

Institutional Trading of Pinnacle Financial Partners

Institutional investors have recently modified their holdings of the company. Bank of America Corp DE bought a new stake in Pinnacle Financial Partners in the second quarter valued at about $70,269,000. Public Employees Retirement System of Ohio bought a new stake in Pinnacle Financial Partners during the second quarter valued at $4,292,000. BlackRock Inc. bought a new position in Pinnacle Financial Partners during the 2nd quarter worth $1,704,708,000. Man Group plc acquired a new position in shares of Pinnacle Financial Partners during the second quarter valued at $19,969,000. Finally, Corient Private Wealth LP acquired a new stake in shares of Pinnacle Financial Partners in the 2nd quarter worth about $1,982,000. Hedge funds and other institutional investors own 87.40% of the company's stock.

Pinnacle Financial Partners News Roundup

Here are the key news stories impacting Pinnacle Financial Partners this week:

• Positive Sentiment: Q3 earnings and revenue exceeded expectations. Pinnacle reported adjusted earnings of $2.69 per share, ahead of the $2.61–$2.62 consensus range and up from $2.27 a year earlier. Revenue reached approximately $1.31–$1.32 billion versus expectations of $1.28 billion. Net margin was 15.97% and return on equity was 11.88%. Pinnacle Financial Partners Reports Third-Quarter Results
• Positive Sentiment: Analysts raised their price targets and maintained bullish ratings. Robert W. Baird increased its target from $115 to $120 with an “outperform” rating, while Morgan Stanley raised its target from $139 to $140 and kept an “overweight” rating. The revisions suggest analysts see meaningful upside from current levels. Analyst Price Target Revisions
• Positive Sentiment: Recruiting momentum remains strong. Pinnacle added 96 revenue-producing team members during the third quarter, supporting expectations for future loan, deposit and fee-income growth across its Southeast franchise. Pinnacle Adds Revenue-Producing Team Members
• Neutral Sentiment: FY 2026 earnings guidance was updated, but the supplied announcement does not specify whether the outlook was raised, lowered or otherwise changed.
• Neutral Sentiment: Management changes were announced. The immediate financial impact is unclear based on the available information. Pinnacle Announces Management Changes

About Pinnacle Financial Partners

Pinnacle Financial Partners, Inc is a bank holding company headquartered in Nashville, Tennessee. Through its primary subsidiary, Pinnacle Bank, the company provides banking and financial services to businesses, professionals, entrepreneurs and individuals.

Its offerings include commercial and consumer loans, deposit accounts, treasury and cash-management services, mortgage lending, investment and wealth-management services, trust services and insurance solutions. Pinnacle emphasizes relationship-based banking and serves clients through offices and financial professionals in Tennessee and selected markets in the Carolinas and Virginia.

Founded in 2000, Pinnacle has expanded from its Nashville base into a broader regional banking franchise through organic growth and acquisitions.

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