Benchmark Reiterates Buy Rating for Pinnacle Financial Partners
Benchmark maintains a bullish stance on Pinnacle Financial Partners, targeting a $132 price, a 31% upside from the current price.
Key Points
- Benchmark analyst Brett Rabatin reiterated a buy rating for Pinnacle Financial Partners with a $132 price target on June 26, 2026.
- Benchmark's $132 price target implies 31% upside from Pinnacle Financial Partners, Inc.'s ($PNFP) current $100.76 share price.
- Shares of NYSE:PNFP traded near $98.7 on Friday, with a market cap of approximately $14.91 billion and a P/E ratio of 13.7.
- Recent insider transactions include multiple purchases by executives, and several analysts maintain a buy consensus with a mean target price of $117.5.
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Benchmark analyst Brett Rabatin reiterated his buy rating for Pinnacle Financial Partners, Inc. (NYSE:PNFP) on June 26, 2026. Rabatin set a price target of $132 for the regional bank. This comes as shares traded around $98.7 on Friday.
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Other Institutional Activity in Pinnacle Financial Partners
Several major funds have shown interest in Pinnacle Financial Partners. BlackRock, Inc. opened a new position with 16.44 million shares valued at about $1.42 billion. Similarly, Wellington Management Group LLP and FMR LLC also initiated stakes, holding 9.12 million shares worth $786 million and 7.20 million shares valued at $620 million, respectively. Vanguard Portfolio Management LLC and Vanguard Capital Management LLC also opened new positions, holding 6.99 million and 6.77 million shares, respectively.
Pinnacle Financial Partners, Inc. Stock Down 0.3%
Shares of Pinnacle Financial Partners, Inc. were trading near $98.7 on Friday. The company has a market cap of approximately $14.91 billion and a P/E ratio of 13.7. Its stock has seen a 52-week range between $81.08 and $120.46. The 50-day moving average stands at $96.64, while the 200-day moving average is $93.69.
$PNFP price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Pinnacle Financial Partners reported revenue of $2.64 billion with a modest growth rate of 1.56%. The bank's net margin is 24.7%, and it has a return on equity of 6.17%. The next earnings report is expected on July 22, 2026.
Dividend
Pinnacle Financial Partners pays an annual dividend of $1.48 per share, yielding 1.5%. The dividend payout ratio is 16.97%, indicating a sustainable dividend policy.
Insider Buying and Selling at Pinnacle Financial Partners, Inc.
Recent insider activity includes several purchases on May 21, 2026. Teresa White, Abney Boxley III, Gregory Montana, Thomas Farnsworth III, and Decosta Jenkins each bought 1,490 shares at an average price of $97.33. Meanwhile, Robert McCabe Jr., the Chief Banking Officer, sold 775 shares on May 27, 2026.
Analysts Set New Price Targets
On June 26, 2026, Benchmark initiated coverage with a buy rating and a $132 price target. Citigroup maintained its buy rating with a target of $126 on June 25, 2026. JP Morgan also maintained a buy rating, setting a $115 target on June 10, 2026. The consensus among 20 analysts is a buy, with a mean price target of $117.5.
About Pinnacle Financial Partners
Pinnacle Financial Partners, Inc. is a bank holding company headquartered in Atlanta, Georgia. It provides a range of banking services including deposits, loans, and treasury management services to individuals and businesses across the U.S. The company is led by CEO Kevin S. Blair and employs around 8,389 people.
Bottom Line
Benchmark's reaffirmation of a buy rating for Pinnacle Financial Partners with a $132 target highlights ongoing confidence in the company's prospects. Investors track these ratings closely, though it is important to remember that analyst opinions and 13F filings are backward-looking and may not reflect current positions.
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