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Should Value Investors Buy Pinnacle Financial Partners (PNFP) Stock?
ZACKS· 2026-03-30 14:41
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use fundamental analysis and traditional val ...
Pinnacle Financial Partners, Inc. (NYSE:PNFP) Receives Consensus Recommendation of “Moderate Buy” from Brokerages
Defense World· 2026-03-28 07:00
Core Insights - Pinnacle Financial Partners, Inc. (NYSE: PNFP) has received an average rating of "Moderate Buy" from nineteen brokerages, with eight analysts recommending a hold, ten a buy, and one a strong buy [2] - The average 1-year target price set by analysts for Pinnacle Financial Partners is $113.41 [2] Analyst Ratings - Barclays raised its price target for Pinnacle Financial Partners from $125.00 to $135.00, maintaining an "overweight" rating [3] - TD Cowen reaffirmed a "buy" rating on the stock [3] - UBS Group set a target price of $106.00 [3] - Keefe, Bruyette & Woods increased their price target from $95.00 to $100.00, giving a "market perform" rating [3] - Wall Street Zen downgraded the stock from a "hold" to a "sell" rating [3] Stock Performance - Pinnacle Financial Partners' stock opened at $82.94, with a market capitalization of $6.43 billion and a price-to-earnings ratio of 10.25 [4] - The stock has a 12-month low of $81.08 and a high of $120.46 [4] Dividend Information - The company announced a dividend of $0.50 per share, paid on February 27, with a payout ratio of 24.72% [5] Insider Activity - CFO Andrew J. Jr. Gregory purchased 1,000 shares at an average price of $94.52, increasing his holdings by 2.06% [6] - Insiders own 1.46% of the company's stock [6] Institutional Ownership - Goldman Sachs increased its position by 6.2%, now holding 651,268 shares valued at $69.06 million [7] - Focus Partners Wealth grew its holdings by 13.9%, owning 4,755 shares worth $504,000 [7] - Cetera Investment Advisers raised its stake by 3.3%, now owning 17,271 shares valued at $1.91 million [7] - JPMorgan Chase & Co. increased its stake by 0.5%, holding 652,562 shares worth $72.05 million [7] - MAI Capital Management raised its stake by 79.4%, now owning 366 shares worth $40,000 [7] - Institutional investors own 87.40% of the stock [7] Company Overview - Pinnacle Financial Partners is a bank holding company based in Nashville, Tennessee, providing a range of commercial and consumer banking services [9] - The company emphasizes relationship-based banking and tailored financial solutions for various clients [9]
Pinnacle Financial (PNFP) Grows Jacksonville Team, Opens New Alabama Office
Yahoo Finance· 2026-03-25 20:10
Core Insights - Pinnacle Financial Partners, Inc. (NYSE:PNFP) is recognized as one of the best American bank stocks to buy according to Wall Street analysts [1] - The company is expanding its Jacksonville team by adding eight financial professionals, including two former statewide banking leaders [1][2] - Pinnacle Financial Partners has over $119 billion in assets following its merger with Synovus, enhancing its ability to serve clients with sophisticated needs [3] Expansion and Team Growth - The new hires in Jacksonville bring decades of experience in commercial banking, small business lending, mortgage services, and client support [2] - The company has opened its first full-service office in Mobile, Alabama, marking a significant step in its expansion in South Alabama [3][4] - The new office will provide a variety of services, focusing on a community-centered customer experience [4] Services and Offerings - Pinnacle Financial Partners offers a full range of banking, investment, trust, mortgage, and insurance products and services to both commercial and consumer clients [4]
Pinnacle Financial Partners Announces Dates for First Quarter 2026 Earnings Release and Conference Call
Businesswire· 2026-03-23 17:26
Core Viewpoint - Pinnacle Financial Partners, Inc. is set to release its first quarter 2026 financial results on April 22, 2026, followed by a conference call on April 23, 2026, to discuss the results and business outlook [1][6]. Company Overview - Pinnacle Financial Partners, Inc. is a regional bank with assets totaling $119.1 billion, offering a comprehensive range of banking, investment, trust, mortgage, and insurance services [2]. - The firm is the largest bank headquartered in Tennessee and the largest bank holding company in Georgia, with significant market shares in Nashville and Atlanta [2]. - Pinnacle has a workforce of approximately 8,000 employees and operates in multiple states including Tennessee, Georgia, Florida, North Carolina, South Carolina, Alabama, Kentucky, Virginia, and Maryland [6]. Awards and Recognition - Pinnacle Financial Partners has been recognized as No. 9 in FORTUNE magazine's 2025 list of 100 Best Companies to Work For in the U.S., marking its ninth consecutive appearance [3]. - The firm also ranked No. 4 among America's Best Banks to Work For in 2025, according to American Banker, and was recognized as the top bank among those with over $10 billion in assets [3]. - Pinnacle earned a total of 50 Coalition Greenwich 2026 Best Bank Awards for service in 2025, more than any other bank in the country [8]. Financial Announcements - The board of directors approved preferred stock dividends, including $0.45617 per share for Series A and $0.52481 per share for Series B, payable on specified dates in March and April 2026 [10].
Pinnacle Financial Partners joins the KBW Nasdaq Bank Index (BKX)
Businesswire· 2026-03-19 20:55
Core Viewpoint - Pinnacle Financial Partners is set to join the KBW Nasdaq Bank Index, indicating its growth and performance among leading financial institutions [1][2]. Company Overview - Pinnacle Financial Partners, headquartered in Atlanta, GA, is the largest bank in Tennessee and the largest bank holding company in Georgia, with a significant presence in multiple states [3][6]. - The firm has a comprehensive range of banking, investment, trust, mortgage, and insurance products for both commercial and consumer clients [3]. Recent Developments - The transition from the KBW Nasdaq Regional Banking Index to the KBW Nasdaq Bank Index highlights Pinnacle's strong returns and scale, placing it among top-tier banking franchises [1][2]. - Pinnacle's Chief Financial Officer emphasized the importance of this inclusion in affirming the firm's relationship-driven model and commitment to client loyalty [3]. Awards and Recognition - Pinnacle Financial Partners has been recognized as No. 9 in FORTUNE magazine's 2025 list of 100 Best Companies to Work For in the U.S., marking its ninth consecutive year on the list [4]. - The firm also received 50 Coalition Greenwich 2026 Best Bank Awards for service in 2025, more than any other bank in the country [6]. Financial Performance - Pinnacle's preferred stock dividends have been approved, with specific amounts set for different series of preferred stock, indicating ongoing financial stability [7].
Bank of America, Pinnacle Financial Partners, eBay And A Tech Stock On CNBC's 'Final Trades'
Benzinga· 2026-03-18 12:30
Group 1: Uber and Nvidia Partnership - Uber announced an expansion of its autonomous vehicle partnership with Nvidia, planning to launch a global fleet of autonomous vehicles running entirely on Nvidia software [1] - The rollout of the autonomous vehicle fleet is scheduled for the first half of 2027 [1] Group 2: Pinnacle Financial Partners - Brian Belski, CEO of Humilis Investment Strategies, named Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) as his final trade [1] - Evercore ISI Group analyst John Pancari maintained an Outperform rating for Pinnacle Financial Partners and raised the price target from $115 to $116 [2] Group 3: Earnings Reports and Stock Performance - Bank of America reported fourth-quarter financial results on January 14 that exceeded analyst estimates [2] - eBay Inc. (NASDAQ:EBAY) was selected by Joseph Terranova, with Citigroup analyst Ronald Josey maintaining a Buy rating and raising the price target from $107 to $114 [2] - Uber shares rose 4.2% to close at $77.79, while Pinnacle Financial Partners fell 0.2% to settle at $83.16 [4] - Bank of America shares gained 0.5% to settle at $47.28, and eBay shares rose 2.4% to close at $93.61 [4]
KBW Announces Index Rebalancing for First-Quarter 2026
Globenewswire· 2026-03-14 00:30
Core Insights - Keefe, Bruyette & Woods, Inc. announces index rebalancing for Q1 2026, affecting the KBW Nasdaq Bank Index and KBW Nasdaq Regional Banking Index [1][2] Group 1: Index Changes - The rebalancing will take effect before the market opens on March 23, 2026 [2] - Pinnacle Financial Partners, Inc. will be added to the KBW Nasdaq Bank Index [2] - Nicolet Bankshares, Inc. and Seacoast Banking Corporation of Florida will be added to the KBW Nasdaq Regional Banking Index, while one company will be dropped from this index [2] Group 2: KBW Overview - KBW is a leading independent authority in various financial sectors, including banking, insurance, and asset management, and is a subsidiary of Stifel Financial Corp. [5] - Established in 1962, KBW has a strong reputation in research, corporate finance, mergers and acquisitions, and trading of equity securities in financial services [5]
Pinnacle Financial (PNFP) Could Be a Great Choice
ZACKS· 2026-02-27 17:46
Company Overview - Pinnacle Financial (PNFP) is based in Nashville and operates in the Finance sector, with a year-to-date share price change of 0.73% [3] - The company currently pays a dividend of $0.50 per share, resulting in a dividend yield of 2.08%, which is higher than the Banks - Southeast industry's yield of 2.03% and the S&P 500's yield of 1.35% [3] Dividend Performance - Pinnacle Financial's annualized dividend of $2.00 represents a significant increase of 108.3% from the previous year [4] - Over the past five years, the company has increased its dividend three times, achieving an average annual increase of 7.56% [4] - The current payout ratio is 11%, indicating that the company pays out 11% of its trailing 12-month earnings per share (EPS) as dividends [4] Earnings Growth - The Zacks Consensus Estimate for Pinnacle Financial's earnings in 2026 is projected at $10.22 per share, reflecting an expected increase of 22.10% from the previous year [5] - The company is viewed as a strong dividend play, particularly appealing to income investors due to its solid earnings growth prospects [6]
Pinnacle Financial Partners, Inc. (PNFP) to Benefit From an Optimistic Outlook
Yahoo Finance· 2026-02-26 18:47
Core Viewpoint - Pinnacle Financial Partners, Inc. (NYSE:PNFP) is recognized as one of the top banking stocks to buy, with analysts showing optimism regarding its future performance and price targets being raised by multiple firms [1][3]. Group 1: Analyst Ratings and Price Targets - On January 28, Piper Sandler analyst Stephen Scouten raised the price target for PNFP from $120 to $122, maintaining an Overweight rating with an upside potential exceeding 29% [1]. - Citi analyst Benjamin Gerlinger increased the price target from $118 to $122 on January 26, also maintaining a Buy rating, citing improvements in the capital base and an elevated earnings forecast following the fourth-quarter results [3]. Group 2: Company Overview - Pinnacle Financial Partners, Inc. is a bank holding company that provides a range of banking solutions for both individuals and institutions, including deposit services, wealth management, and treasury management services [4]. Group 3: Future Outlook - Despite recent underperformance after the fourth-quarter results, analysts noted incremental positives and management's commentary that support a constructive outlook for the company's future trajectory [2].
Evercore ISI Raises Price Target on Pinnacle Financial (PNFP) to $116, Keeps Overweight Call
Yahoo Finance· 2026-02-16 16:36
Core Viewpoint - Pinnacle Financial Partners Inc. is recognized as one of the top bank stocks to buy in 2026, with a recent price target increase by Evercore ISI to $116, reflecting positive sentiment towards the stock [1][8]. Financial Performance - The company reported a 12.5% year-over-year growth in net income available to common shareholders, reaching $166.0 million, up from $147.5 million [2]. - Diluted earnings per share increased by 11.5% year-over-year to $2.13, compared to $1.91 [2]. Revenue Drivers - Earnings growth was primarily driven by a 12.0% year-over-year increase in net interest income (NII), totaling $407.4 million, up from $363.8 million [3]. - Earning assets grew by 9.5% year-over-year to $51.7 billion, with loans accounting for 82% of this increase, rising 10.3% year-over-year to $39.2 billion [3]. Funding and Asset Growth - The asset base expansion of $4.5 billion was largely funded by a 10.0% year-over-year growth in deposits, which reached $41.9 billion, up from $38.1 billion [4]. - Longer-term debt and other funding sources increased by 9.1% year-over-year to $8.0 billion [4]. Margin and Guidance - Net interest margins (NIM) showed a modest expansion of 5 basis points year-over-year to 3.27% [4]. - Management anticipates $250 million in cost synergies from the merger with Synovus, with a projected consolidated loan book of $91-$93 billion by the end of 2026 [5]. Company Overview - Pinnacle Financial Partners Inc. operates Pinnacle Bank, providing a range of financial services including banking, investment, trust, mortgage, and insurance for both consumer and commercial clients [6].