Pinnacle Financial Partners, Inc. $PNFP Stock: Tectonic Advisors LLC Grows Holdings

Key Points

• Tectonic Advisors increased its Pinnacle Financial Partners holdings by 44% in the third quarter to 115,947 shares, while institutional investors collectively owned 87.4% of the company.
• Pinnacle exceeded third-quarter expectations, reporting $2.69 in EPS versus the $2.62 consensus and approximately $1.32 billion in revenue versus $1.28 billion expected. The company also maintains a quarterly dividend of $0.50 per share, yielding about 2.0% annually.
• Analyst sentiment remains favorable: the stock has a consensus “Moderate Buy” rating and a $119.65 target price, compared with a recent trading price of $100.57.

Tectonic Advisors LLC raised its holdings in shares of Pinnacle Financial Partners, Inc. (NYSE:PNFP - Free Report) by 44.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 115,947 shares of the company's stock after purchasing an additional 35,453 shares during the period. Tectonic Advisors LLC owned 0.15% of Pinnacle Financial Partners worth $10,854,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. BlackRock Inc. bought a new stake in shares of Pinnacle Financial Partners during the second quarter worth approximately $1,704,708,000. Wellington Management Group LLP boosted its stake in Pinnacle Financial Partners by 22.1% in the second quarter. Wellington Management Group LLP now owns 11,141,397 shares of the company's stock valued at $1,123,944,000 after acquiring an additional 2,016,827 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake 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 during the last quarter. Bank of New York Mellon Corp bought a new position in Pinnacle Financial Partners in the second quarter valued at approximately $133,031,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in Pinnacle Financial Partners during the 2nd quarter worth $117,624,000. Institutional investors own 87.40% of the company's stock.

Pinnacle Financial Partners Trading Up 0.1%

Shares of NYSE PNFP traded up $0.11 during midday trading on Friday, reaching $100.57. 1,698,227 shares of the stock were exchanged, compared to its average volume of 1,181,451. The business has a 50-day simple moving average of $97.81 and a two-hundred day simple moving average of $98.27. The company has a market capitalization of $7.80 billion, a price-to-earnings ratio of 13.43, a P/E/G ratio of 0.41 and a beta of 1.03. Pinnacle Financial Partners, Inc. has a 12 month low of $81.08 and a 12 month high of $110.33. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.85 and a quick ratio of 0.93.

Pinnacle Financial Partners (NYSE:PNFP - Get Free Report) last released its quarterly earnings data on Wednesday, October 21st. The company reported $2.69 EPS for the quarter, beating analysts' consensus estimates of $2.62 by $0.07. Pinnacle Financial Partners had a net margin of 15.97% and a return on equity of 11.33%. The business had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $1.28 billion. As a group, equities research analysts expect that Pinnacle Financial Partners, Inc. will post 10.20 EPS for the current year.

Pinnacle Financial Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 7th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Friday, August 7th. Pinnacle Financial Partners's payout ratio is presently 27.47%.

Insider Buying and Selling at Pinnacle Financial Partners

In other Pinnacle Financial Partners news, insider M. Turner sold 66,783 shares of the stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $108.01, for a total value of $7,213,231.83. Following the completion of the sale, the insider directly owned 302,230 shares in the company, valued at $32,643,862.30. This represents a 18.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Kevin Blair purchased 2,565 shares of the company's stock in a transaction dated Tuesday, September 1st. The shares were acquired at an average cost of $97.48 per share, for a total transaction of $250,036.20. Following the transaction, 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. Over the last ninety days, insiders sold 177,228 shares of company stock valued at $19,153,713. Company insiders own 1.30% of the company's stock.

Trending Headlines about Pinnacle Financial Partners

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

Analyst Ratings Changes

Several analysts have commented on PNFP shares. Benchmark upped their target price on shares of Pinnacle Financial Partners from $125.00 to $130.00 and gave the company a "buy" rating in a research report on Wednesday, August 5th. JPMorgan Chase & Co. increased their price target on Pinnacle Financial Partners from $115.00 to $125.00 and gave the company an "overweight" rating in a research note on Friday. Piper Sandler raised their price target on Pinnacle Financial Partners from $123.00 to $125.00 and gave the stock an "overweight" rating in a research report on Friday, October 2nd. Hovde Group began coverage on Pinnacle Financial Partners in a research note on Wednesday, September 16th. They set an "outperform" rating and a $125.00 price objective for the company. Finally, Wells Fargo & Company upgraded Pinnacle Financial Partners from an "equal weight" rating to an "overweight" rating and set a $118.00 price objective for the company in a report on Wednesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $119.65.

Pinnacle Financial Partners Profile

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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