SEB Asset Management AB purchased a new stake in shares of Pinnacle Financial Partners, Inc. (NYSE:PNFP – Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 36,088 shares of the company’s stock, valued at approximately $3,109,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PNFP. Mediolanum International Funds Ltd purchased a new stake in Pinnacle Financial Partners during the 1st quarter valued at $3,634,000. Annis Gardner Whiting Capital Advisors LLC increased its position in shares of Pinnacle Financial Partners by 97.7% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 350 shares of the company’s stock valued at $30,000 after acquiring an additional 173 shares during the period. California Public Employees Retirement System raised its stake in shares of Pinnacle Financial Partners by 101.2% during the first quarter. California Public Employees Retirement System now owns 271,803 shares of the company’s stock valued at $23,413,000 after acquiring an additional 136,735 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Pinnacle Financial Partners during the first quarter valued at about $7,049,000. Finally, Evergreen Advisors LLC purchased a new stake in shares of Pinnacle Financial Partners during the first quarter worth about $138,000. 87.40% of the stock is currently owned by institutional investors.
Pinnacle Financial Partners Stock Up 2.3%
Shares of PNFP stock opened at $99.63 on Friday. The business has a fifty day moving average price of $97.73. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market capitalization of $7.73 billion, a PE ratio of 13.69, a price-to-earnings-growth ratio of 0.39 and a beta of 1.04. Pinnacle Financial Partners, Inc. has a twelve month low of $81.08 and a twelve month high of $107.14.
More Pinnacle Financial Partners News
Here are the key news stories impacting Pinnacle Financial Partners this week:
- Positive Sentiment: PNFP beat Q2 earnings estimates, signaling stronger profitability than Wall Street expected. Pinnacle Financial (PNFP) Q2 Earnings and Revenues Beat Estimates
- Positive Sentiment: The company said it added experienced revenue producers in the second quarter, supporting the case for continued growth and improved revenue generation. Pinnacle Financial Partners adds experienced revenue producers in second quarter as growth model continues to accelerate
- Neutral Sentiment: Revenue of $1.24 billion was in line with expectations, so the stock reaction is more likely being driven by the earnings beat and outlook than by a sales surprise. Pinnacle Financial Partners announces earnings for second quarter 2026
- Neutral Sentiment: Investors are also digesting the earnings call transcript and Q2 guidance update, but the available details do not indicate a major negative surprise. Pinnacle Financial Partners, Inc. (PNFP) Q2 2026 Earnings Call Transcript
Analyst Upgrades and Downgrades
Several analysts recently issued reports on PNFP shares. Truist Financial raised their target price on Pinnacle Financial Partners from $114.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Stephens upped their price objective on shares of Pinnacle Financial Partners from $95.00 to $109.00 and gave the stock an “equal weight” rating in a report on Thursday, April 30th. Weiss Ratings raised shares of Pinnacle Financial Partners from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, June 26th. Robert W. Baird started coverage on shares of Pinnacle Financial Partners in a research note on Tuesday, May 19th. They set an “outperform” rating and a $115.00 target price on the stock. Finally, Barclays reduced their price target on shares of Pinnacle Financial Partners from $135.00 to $130.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 7th. Three research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $116.89.
View Our Latest Research Report on Pinnacle Financial Partners
About Pinnacle Financial Partners
Pinnacle Financial Partners (NYSE: PNFP) is a bank holding company headquartered in Nashville, Tennessee, that provides a broad range of commercial and consumer banking services. Founded in 2000, the company operates through a network of banking offices and digital channels to serve individuals, small and middle-market businesses, and institutional clients. Pinnacle’s business model emphasizes relationship-based banking and tailored financial solutions for commercial borrowers and deposit customers.
The company’s product and service offerings include commercial and residential lending, treasury and payment solutions, deposit accounts, mortgage services, and cash management.
Further Reading
- Five stocks we like better than Pinnacle Financial Partners
- Premium Retail’s Stress Test Is Separating Winners From Losers
- D-Wave Quantum or a Quantum ETF: Which Is the Better Bet?
- GE Vernova Just Sent a Mixed AI Signal to Investors
- Alphabet Crushed Earnings, But One Number Spooked the Market
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.
