Pinnacle Financial Partners, Inc. $PNFP Stock Sold by Vest Financial LLC

Key Points

• Vest Financial LLC reduced its Pinnacle Financial Partners stake by 47% in the third quarter, selling 17,361 shares and retaining 19,560 shares valued at approximately $1.83 million.
• Institutional investors own 87.4% of PNFP, with major firms including Dimensional Fund Advisors and Wellington Management increasing their positions while BlackRock, Bank of New York Mellon, and Manufacturers Life Insurance initiated stakes.
• PNFP reported third-quarter earnings of $2.69 per share and $1.32 billion in revenue, exceeding analyst expectations. Analysts maintain a “Moderate Buy” consensus with an average price target of $119.65, while CEO Kevin Blair and Director Gregory Montana recently purchased shares.

Vest Financial LLC cut its holdings in shares of Pinnacle Financial Partners, Inc. (NYSE:PNFP - Free Report) by 47.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,560 shares of the company's stock after selling 17,361 shares during the period. Vest Financial LLC's holdings in Pinnacle Financial Partners were worth $1,831,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in Pinnacle Financial Partners in the second quarter worth $1,704,708,000. Dimensional Fund Advisors LP boosted its holdings in Pinnacle Financial Partners by 80.4% in the first quarter. Dimensional Fund Advisors LP now owns 5,035,295 shares of the company's stock valued at $433,712,000 after acquiring an additional 2,244,659 shares in the last quarter. Wellington Management Group LLP increased its position in Pinnacle Financial Partners by 22.1% during the 2nd quarter. Wellington Management Group LLP now owns 11,141,397 shares of the company's stock valued at $1,123,944,000 after purchasing an additional 2,016,827 shares during the period. Bank of New York Mellon Corp purchased a new position in Pinnacle Financial Partners during the 2nd quarter valued at $133,031,000. Finally, The Manufacturers Life Insurance Company purchased a new position in Pinnacle Financial Partners during the 2nd quarter valued at $117,624,000. Institutional investors own 87.40% of the company's stock.

More Pinnacle Financial Partners News

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

• Positive Sentiment: Analysts raised price targets and ratings. JPMorgan increased its target from $115 to $125 and maintained an “overweight” rating. TD Cowen raised its target to $118 and upgraded the stock to “buy,” while Robert W. Baird lifted its target to $120 and maintained an “outperform” rating. Morgan Stanley also raised its target to $140 and kept an “overweight” rating. The revisions imply substantial upside and reinforce confidence in PNFP’s earnings outlook. JPMorgan analyst information
• Positive Sentiment: Third-quarter earnings exceeded expectations. PNFP reported adjusted earnings of $2.69 per share, up from $2.27 a year earlier and above the roughly $2.61–$2.62 consensus estimate. Revenue reached approximately $1.31–$1.32 billion, also exceeding the $1.28 billion forecast. The earnings and revenue beats suggest continued operating momentum. Third-quarter earnings results
• Positive Sentiment: PNFP added 96 revenue-producing team members during the third quarter, extending its recruiting momentum across the Southeast. The experienced hires could support future loan growth, fee income, and market expansion. Pinnacle adds 96 revenue-producing team members
• Neutral Sentiment: PNFP updated its fiscal 2026 earnings guidance, but the available announcement does not provide the revised figures, limiting the immediate investor takeaway.
• Neutral Sentiment: The company announced management changes and added an asset-management team in Naples. These moves may support growth, although their financial impact is not yet quantified. New asset management team in Naples

Insider Activity

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on PNFP shares. Stephens set a $112.00 price objective on shares of Pinnacle Financial Partners in a report on Monday, July 27th. Piper Sandler lifted their target price on shares of Pinnacle Financial Partners from $123.00 to $125.00 and gave the company an "overweight" rating in a research note on Friday, October 2nd. Royal Bank Of Canada lifted their target price on shares of Pinnacle Financial Partners from $117.00 to $120.00 and gave the company an "outperform" rating in a research note on Friday. Wells Fargo & Company upgraded shares of Pinnacle Financial Partners from an "equal weight" rating to an "overweight" rating and set a $118.00 price target on the stock in a research report on Wednesday, September 30th. Finally, Truist Financial decreased their price target on shares of Pinnacle Financial Partners from $118.00 to $112.00 and set a "buy" rating for the company in a research note on Friday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $119.65.

Pinnacle Financial Partners Trading Up 0.1%

PNFP opened at $100.57 on Friday. The company has a quick ratio of 0.93, a current ratio of 0.85 and a debt-to-equity ratio of 0.73. Pinnacle Financial Partners, Inc. has a 52 week low of $81.08 and a 52 week high of $110.33. The stock has a market cap of $7.80 billion, a PE ratio of 13.43, a PEG ratio of 0.41 and a beta of 1.03. The business has a 50 day moving average of $97.81 and a 200-day moving average of $98.27.

Pinnacle Financial Partners (NYSE:PNFP - Get Free Report) last issued its quarterly earnings results on Wednesday, October 21st. The company reported $2.69 earnings per share for the quarter, topping the consensus estimate of $2.62 by $0.07. The company had revenue of $1.32 billion for the quarter, compared to analysts' expectations of $1.28 billion. Pinnacle Financial Partners had a return on equity of 11.33% and a net margin of 15.97%. Equities research analysts predict that Pinnacle Financial Partners, Inc. will post 10.22 earnings per share for the current fiscal year.

Pinnacle Financial Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 7th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, August 7th. This represents a $2.00 annualized dividend and a yield of 2.0%. Pinnacle Financial Partners's dividend payout ratio (DPR) is currently 26.70%.

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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