Citigroup Rates Pinnacle Financial Partners (PNFP) buy

Citigroup maintains its buy rating on Pinnacle Financial Partners with a $126 price target, a 25.05% upside from the current price.

By EarningsIQ Research Desk · Published Jun 25, 2026, 8:08 PM EDT · Updated Jun 30, 2026, 8:02 AM EDT

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Citigroup rated Pinnacle Financial Partners, Inc. ($PNFP) "buy" with a $126 price target on June 25, 2026.

Since the rating, $PNFP is up 0.8% after 1 week, up 4.4% after 1 month and down 3.6% to date (from the $98.24 close on Jun 25, 2026).

PNFP Pinnacle Financial Partners, Inc.

$94.72 +1.08% year to date

Daily close · Oct 16, 2026

Key Points

Citigroup reiterated its buy rating on Pinnacle Financial Partners, Inc. (NYSE:PNFP) with a price target of $126 on June 25, 2026.
Citigroup's $126 price target implies 25.05% upside from Pinnacle Financial Partners, Inc.'s ($PNFP) current $100.76 share price.
Shares of Pinnacle Financial Partners traded near $97.02 on Friday, with a market cap of approximately $14.58 billion and a P/E ratio of 13.42.
Recent insider activity included several purchases on May 21, 2026, at an average price of $97.33 per share.

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On June 25, 2026, Citigroup reiterated its buy rating on Pinnacle Financial Partners, Inc. (NYSE:PNFP), setting a price target of $126. Analyst Benjamin Gerlinger confirmed the positive outlook, maintaining the firm's confidence in the stock.

Analyst rating track record

Citigroup vs. the S&P 500

YTD return -4.79% hypothetical

All-time return +28.94% S&P 500 +29.04%

vs. S&P 500 -0.10% behind the index

Hypothetical returns from Citigroup's disclosed trades, not real profit or advice. How we model this.

Other Institutional Activity in Pinnacle Financial Partners

Several large funds have opened new positions in Pinnacle Financial Partners. BlackRock, Inc. added 16,443,578 shares, valued at about $1.42 billion. Wellington Management Group LLP also entered with 9,124,570 shares worth approximately $786 million. FMR LLC acquired 7,198,898 shares, valued at $620 million. Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both took new stakes, with 6,996,576 and 6,767,814 shares respectively, each valued at over $582 million. State Street Corp also joined with a new position of 5,892,132 shares, valued at around $508 million.

Pinnacle Financial Partners, Inc. Stock Up 4.1%

Shares of Pinnacle Financial Partners traded around $97.02 on Friday. The company boasts a market cap of approximately $14.58 billion and a P/E ratio of 13.42. Its beta is 1.043, indicating moderate volatility. Over the past 52 weeks, the stock has ranged from $81.08 to $120.46. The 50-day moving average stands at $96.32, while the 200-day moving average is $93.71.

12-month forecast

$PNFP price target

Pinnacle Financial Partners, Inc. daily closes and this analyst's $126 target. Not advice.

Recent Earnings

In its recent earnings report, Pinnacle Financial Partners recorded revenue of $2.64 billion, reflecting growth of 1.56%. The company achieved a net margin of 24.66% and a return on equity of 6.17%. Earnings per share were reported at $7.19. The next earnings announcement is scheduled for July 22, 2026.

Dividend

Pinnacle Financial Partners offers an annual dividend rate of $1.48, yielding 1.54%. The dividend payout ratio is 16.97%.

Insider Buying and Selling at Pinnacle Financial Partners, Inc.

Recent insider transactions include 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 per share. On May 27, 2026, Chief Banking Officer Robert McCabe Jr. sold 775 shares.

Analysts Set New Price Targets

On June 25, 2026, Citigroup maintained its buy rating on Pinnacle Financial Partners with a $126 price target. Earlier in June, JP Morgan also reiterated a buy rating with a $115 target. Other firms, including Baird, Truist Securities, and Evercore ISI Group, have maintained buy ratings with targets around $115. The consensus rating remains a buy, with an average target price of $116.53 based on 19 analyst opinions.

About Pinnacle Financial Partners

Pinnacle Financial Partners, Inc., headquartered in Atlanta, Georgia, operates as a bank holding company for Pinnacle Bank. It offers a wide range of banking services to individuals and businesses across the United States. The company provides various deposit products, loans, and credit services, along with investment and insurance services. Led by CEO Kevin S. Blair, Pinnacle Financial Partners employs approximately 8,389 people.

Bottom Line

Investors keep a close eye on Pinnacle Financial Partners due to its solid performance and strategic growth initiatives. With Citigroup and other analysts maintaining positive ratings, the company continues to attract institutional interest. As always, remember that these insights are based on past filings and reports, which may not fully reflect the most current position of analysts or investors.