Tectonic Advisors LLC increased its stake in Pinnacle Financial Partners, Inc. (NYSE:PNFP – Free Report) by 44.0% in the third quarter, Holdings Channel.com reports. The firm owned 115,947 shares of the company’s stock after purchasing an additional 35,453 shares during the quarter. Tectonic Advisors LLC’s holdings in Pinnacle Financial Partners were worth $10,854,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Brown Financial Advisors raised its stake in shares of Pinnacle Financial Partners by 2.7% in the 2nd quarter. Brown Financial Advisors now owns 4,019 shares of the company’s stock valued at $405,000 after purchasing an additional 105 shares during the period. Simplicity Wealth LLC lifted its holdings in shares of Pinnacle Financial Partners by 1.5% in the first quarter. Simplicity Wealth LLC now owns 9,155 shares of the company’s stock valued at $789,000 after purchasing an additional 131 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its position in shares of Pinnacle Financial Partners by 97.7% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 350 shares of the company’s stock worth $30,000 after buying an additional 173 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of Pinnacle Financial Partners by 1.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 9,269 shares of the company’s stock worth $935,000 after buying an additional 174 shares during the period. Finally, Envestnet Portfolio Solutions Inc. boosted its position in shares of Pinnacle Financial Partners by 1.1% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 16,908 shares of the company’s stock worth $1,706,000 after buying an additional 180 shares during the period. Institutional investors own 87.40% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on PNFP shares. Stephens set a $112.00 price objective on Pinnacle Financial Partners in a report on Monday, July 27th. Evercore set a $108.00 target price on Pinnacle Financial Partners in a research note on Thursday, October 1st. Wells Fargo & Company upgraded Pinnacle Financial Partners from an “equal weight” rating to an “overweight” rating and set a $118.00 target price on the stock in a research note on Wednesday, September 30th. Royal Bank Of Canada upped their price target on Pinnacle Financial Partners from $117.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Benchmark raised their price target on shares of Pinnacle Financial Partners from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. One equities research 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 company. According to MarketBeat.com, Pinnacle Financial Partners presently has a consensus rating of “Moderate Buy” and a consensus price target of $119.65.
Check Out Our Latest Analysis on PNFP
Insider Activity at Pinnacle Financial Partners
In related news, Director Gregory Montana purchased 500 shares of Pinnacle Financial Partners stock in a transaction that occurred on Thursday, September 10th. The stock was purchased at an average cost of $98.61 per share, with a total value of $49,305.00. Following the completion of the transaction, the director owned 4,959 shares of the company’s stock, valued at approximately $489,006.99. This trade represents a 11.21% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider M. Turner sold 66,783 shares of the firm’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 approximately $32,643,862.30. This represents a 18.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 177,228 shares of company stock valued at $19,153,713. Insiders own 1.30% of the company’s stock.
Pinnacle Financial Partners News Roundup
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
Pinnacle Financial Partners Stock Up 0.1%
Shares of Pinnacle Financial Partners stock traded up $0.11 during trading hours on Friday, reaching $100.57. 1,698,227 shares of the company’s stock were exchanged, compared to its average volume of 1,181,451. The company has a 50 day moving average of $97.81 and a two-hundred day moving average of $98.27. Pinnacle Financial Partners, Inc. has a fifty-two week low of $81.08 and a fifty-two week high of $110.33. The company has a current ratio of 0.85, a quick ratio of 0.93 and a debt-to-equity ratio of 0.73. The stock has a market cap of $7.80 billion, a P/E ratio of 13.43, a P/E/G ratio of 0.41 and a beta of 1.03.
Pinnacle Financial Partners (NYSE:PNFP – Get Free Report) last announced its quarterly earnings data on Wednesday, October 21st. The company reported $2.69 earnings per share 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 11.33% and a net margin of 15.97%. On average, sell-side analysts forecast that Pinnacle Financial Partners, Inc. will post 10.20 EPS for the current fiscal year.
Pinnacle Financial Partners Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors 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 is 27.47%.
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.
Featured Stories
- Five stocks we like better than Pinnacle Financial Partners
- Why Western Digital’s AI Storage Boom Defies the Chip Sell-Off
- Grand Canyon Education Strengthens Its Outlook, But Wall Street Remains Divided
- Amex Stock Slides on Job Cuts, But the Real Story Is Macro
- Chefs’ Warehouse Has Rallied 76%—Can the Stock Keep Climbing?
Want to see what other hedge funds are holding PNFP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pinnacle Financial Partners, Inc. (NYSE:PNFP – Free Report).
Receive News & Ratings for Pinnacle Financial Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pinnacle Financial Partners and related companies with MarketBeat.com's FREE daily email newsletter.
