JP Morgan Reaffirms Buy Rating for Pinnacle Financial Partners
JP Morgan maintains its buy rating for Pinnacle Financial with a price target of $125, a 22.81% upside from the current price.
Key Points
- JP Morgan reiterated its buy rating on Pinnacle Financial Partners, setting a price target of $125.
- JP Morgan's $125 price target implies 22.81% upside from Pinnacle Financial Partners, Inc.'s ($PNFP) current $101.78 share price.
- Shares of Pinnacle Financial Partners, listed on NYSE as PNFP, traded at $101.78 on Wednesday.
- Recent insider purchases include Teresa White and others buying shares at $97.33 each.
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JP Morgan has reiterated its buy rating on Pinnacle Financial Partners, Inc. (NYSE:PNFP), maintaining a price target of $125. This update came from analyst Anthony Elian on July 1, 2026, as the firm continues to express confidence in the regional bank's prospects.
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Pinnacle Financial Partners, Inc. Stock Up 0.7%
Shares of Pinnacle Financial Partners traded near $101.78 on Wednesday. The company boasts a market cap of approximately $15.24 billion, with a P/E ratio of 14.03 and a forward P/E of 8.56. Its beta is 1.043, indicating moderate volatility. Over the past year, the stock has ranged from a low of $81.08 to a high of $120.46, with a 50-day moving average of $96.93 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, reflecting a modest growth of 1.56%. The company's net margin stands at 24.66%, with a return on equity of 6.17%. Earnings per share are $7.19. The next earnings report is expected on July 22, 2026.
Dividend
The company offers an annual dividend rate of $1.48, yielding 1.47%. The dividend payout ratio is 16.97%, suggesting a sustainable distribution.
Insider Buying and Selling at Pinnacle Financial Partners, Inc.
Recent insider activity includes Teresa White, along with Abney Boxley III, Gregory Montana, Thomas Farnsworth III, and Decosta Jenkins, each purchasing 1,490 shares at an average price of $97.33 on May 21, 2026. These transactions were not part of any pre-arranged trading plans.
Analysts Set New Price Targets
On July 1, 2026, JP Morgan maintained its buy rating for Pinnacle Financial Partners with a $125 price target. Previously, on June 26, 2026, Benchmark initiated coverage with a buy rating and a $132 target. Citigroup also maintained its buy rating on June 25, 2026, setting a target of $126. Overall, the consensus recommendation is a buy, with an average target price of $117.50 among 20 analyst opinions.
About Pinnacle Financial Partners
Pinnacle Financial Partners, Inc. is a bank holding company headquartered in Atlanta, Georgia. It offers a wide range of banking services, including savings accounts, checking accounts, loans, and credit cards to individuals and businesses. The company also provides investment, insurance, and advisory services. Pinnacle Financial is led by CEO Kevin S. Blair and employs nearly 8,400 people.
Bottom Line
JP Morgan's continued buy rating for Pinnacle Financial Partners highlights the firm's confidence in the bank's growth potential. Investors often track these ratings as part of their decision-making process, although it's important to remember that these are backward-looking evaluations. With upcoming earnings and recent insider activity, Pinnacle Financial remains a closely watched stock in the regional banking sector.
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