JP Morgan Reiterates Buy Rating on Pinnacle Financial Partners
JP Morgan maintains its buy rating on Pinnacle Financial Partners with a $115 target, a 19.34% upside from the current price.
Key Points
- JP Morgan reiterated its buy rating on Pinnacle Financial Partners, Inc. (PNFP) on June 10, 2026, with a price target of $115.
- JP Morgan's $115 price target implies 19.34% upside from Pinnacle Financial Partners, Inc.'s ($PNFP) current $96.36 share price.
- Shares of NYSE:PNFP traded at $96.36, with a market cap of $14.56 billion and a P/E ratio of 13.4.
- Insider buying occurred on May 21, 2026, with multiple executives purchasing shares at $97.33 each.
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JP Morgan reiterated its buy rating on Pinnacle Financial Partners, Inc. (NYSE:PNFP) on June 10, 2026. The investment firm set a price target of $115 for the regional bank. Shares of Pinnacle were trading at $96.36 around the time of the announcement.
Pinnacle Financial Partners, Inc. Stock Down 4.7%
Shares of Pinnacle Financial Partners, traded on the NYSE under the ticker PNFP, were priced at $96.36. The company boasts a market cap of approximately $14.56 billion, with a P/E ratio of 13.4 and a forward P/E of 8.15. The stock has seen a 52-week range between $81.08 and $120.46, with a 50-day moving average of $95.71 and a 200-day moving average of $93.72.
$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 about $2.64 billion, with a modest revenue growth rate of 1.56%. The company achieved a net margin of 24.66% and a return on equity of 6.17%. The next earnings report is expected on July 22, 2026.
Dividend
Pinnacle Financial Partners offers an annual dividend rate of $1.48, yielding 1.54%. The dividend payout ratio stands at 16.97%.
Insider Buying and Selling at Pinnacle Financial Partners, Inc.
Several insiders made notable transactions in late May 2026. On May 21, Teresa White, Abney Boxley III, Gregory Montana, Thomas Farnsworth III, and Decosta Jenkins each purchased 1,490 shares at an average price of $97.33. Earlier, on May 27, Robert McCabe Jr., the Chief Banking Officer, sold 775 shares.
Analysts Set New Price Targets
On June 10, 2026, JP Morgan maintained its buy rating on Pinnacle Financial Partners, setting a price target of $115. Baird initiated coverage with a buy rating and the same price target on May 20, 2026. Truist Securities, Evercore ISI Group, and TD Cowen also maintained buy ratings, with targets ranging from $115 to $121. Overall, the consensus among 19 analysts is a buy recommendation, with a mean price target of $116.53.
About Pinnacle Financial Partners
Pinnacle Financial Partners, Inc. is a bank holding company headquartered in Atlanta, Georgia. It operates Pinnacle Bank, offering a variety of banking services to individuals and businesses across the United States. The company provides deposit accounts, treasury management services, loans, and credit cards, alongside investment and insurance services. Led by CEO Kevin S. Blair, Pinnacle employs over 8,300 people.
Bottom Line
JP Morgan's reiteration of a buy rating on Pinnacle Financial Partners underscores the investment firm's confidence in the bank's prospects. With a solid market presence and a broad range of services, Pinnacle continues to be a key player in the regional banking sector. Investors will be watching for the upcoming earnings report in July for further insights into the company's performance.
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