11,896 Pinnacle Financial Partners, Inc. $PNFP Shares Bought by Sowell Financial Services LLC

Key Points

• Sowell Financial Services more than doubled its Pinnacle Financial Partners stake, purchasing 11,896 additional shares in the third quarter to own 23,174 shares valued at approximately $2.17 million. Institutional investors collectively own 87.4% of PNFP.
• Pinnacle exceeded third-quarter expectations, reporting adjusted earnings of $2.69 per share versus the $2.62 consensus and revenue of about $1.32 billion versus estimates of $1.28 billion. The bank also added 96 revenue-producing employees during the quarter.
• Analysts maintain a generally positive outlook, with PNFP holding a consensus “Moderate Buy” rating and an average price target of $118.47, compared with a recent share price near $100.44. Insider activity was mixed, with the CEO buying shares while other insiders sold stock.

Sowell Financial Services LLC boosted its holdings in shares of Pinnacle Financial Partners, Inc. (NYSE:PNFP - Free Report) by 105.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,174 shares of the company's stock after purchasing an additional 11,896 shares during the quarter. Sowell Financial Services LLC's holdings in Pinnacle Financial Partners were worth $2,169,000 as of its most recent SEC filing.

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

Insider Buying and Selling

In related news, insider M. Turner sold 66,783 shares of the business's stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $108.01, for a total value of $7,213,231.83. Following the completion of the transaction, the insider owned 302,230 shares of the company's stock, valued at $32,643,862.30. The trade was a 18.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Kevin Blair bought 2,565 shares of the stock in a transaction on Tuesday, September 1st. The shares were bought at an average price of $97.48 per share, with a total value of $250,036.20. Following the acquisition, the chief executive officer owned 152,397 shares of the company's stock, valued at $14,855,659.56. This trade represents a 1.71% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders sold 177,228 shares of company stock valued at $19,153,713 over the last 90 days. Corporate insiders own 1.30% of the company's stock.

Key Pinnacle Financial Partners News

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, above the roughly $2.61–$2.62 consensus estimate and up from $2.27 a year earlier. Revenue reached approximately $1.31 billion to $1.32 billion, exceeding the $1.28 billion FactSet estimate. Earnings Flash
• Positive Sentiment: Profitability remained solid. The quarterly results included a net margin of about 15.4% and return on equity of 10.93%, supporting the view that Pinnacle is converting revenue growth into earnings. The earnings release covers both the third quarter and the first nine months ended September 30, 2026. Third-Quarter Earnings Results
• Positive Sentiment: Recruiting momentum continued. Pinnacle added 96 revenue-producing team members during the third quarter, with experienced hires across the Southeast. The additions could support future loan, deposit and fee-income growth, although the financial benefit will depend on how quickly the new teams generate business. Pinnacle Adds 96 Revenue-Producing Team Members

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on PNFP shares. TD Cowen reduced their price objective on Pinnacle Financial Partners from $119.00 to $115.00 and set a "buy" rating on the stock in a research note on Monday, October 5th. Hovde Group initiated coverage on Pinnacle Financial Partners in a research note on Wednesday, September 16th. They issued an "outperform" rating and a $125.00 price objective for the company. JPMorgan Chase & Co. dropped their target price on Pinnacle Financial Partners from $120.00 to $115.00 and set an "overweight" rating for the company in a report on Thursday, October 1st. Citigroup boosted their target price on Pinnacle Financial Partners from $122.00 to $126.00 and gave the company a "buy" rating in a research report on Thursday, June 25th. Finally, Truist Financial cut their target price on Pinnacle Financial Partners from $118.00 to $112.00 and set a "buy" rating on the stock in a research report on Friday, October 9th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $118.47.

Pinnacle Financial Partners Price Performance

Pinnacle Financial Partners stock opened at $100.44 on Friday. Pinnacle Financial Partners, Inc. has a 12-month low of $81.08 and a 12-month high of $110.33. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.73. The firm has a 50-day moving average price of $97.96 and a 200-day moving average price of $98.26. The firm has a market capitalization of $7.79 billion, a PE ratio of 10.00, a price-to-earnings-growth ratio of 0.40 and a beta of 1.03.

Pinnacle Financial Partners (NYSE:PNFP - Get Free Report) last posted its quarterly earnings results on Wednesday, October 21st. The company reported $2.69 EPS for the quarter, beating the consensus estimate of $2.62 by $0.07. Pinnacle Financial Partners had a net margin of 15.97% and a return on equity of 11.88%. The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.28 billion. As a group, equities research analysts forecast that Pinnacle Financial Partners, Inc. will post 10.20 EPS for the current year.

Pinnacle Financial Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 7th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Friday, August 7th. Pinnacle Financial Partners's dividend payout ratio (DPR) is presently 27.47%.

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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