The Manufacturers Life Insurance Company Purchases 684,544 Shares of Pinnacle Financial Partners, Inc. $PNFP

The Manufacturers Life Insurance Company grew its position in Pinnacle Financial Partners, Inc. (NYSE:PNFP) by 134.1% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 1,195,103 shares of the company’s stock after acquiring an additional 684,544 shares during the period. The Manufacturers Life Insurance Company’s holdings in Pinnacle Financial Partners were worth $102,946,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Brown Brothers Harriman & Co. acquired a new stake in Pinnacle Financial Partners during the 3rd quarter worth $26,000. High Point Wealth Management LLC acquired a new position in Pinnacle Financial Partners in the fourth quarter valued at about $27,000. BOKF NA grew its stake in Pinnacle Financial Partners by 1,204.5% in the third quarter. BOKF NA now owns 287 shares of the company’s stock valued at $27,000 after acquiring an additional 265 shares during the period. Activest Wealth Management bought a new stake in shares of Pinnacle Financial Partners in the fourth quarter worth about $28,000. Finally, CIBC Private Wealth Group LLC raised its position in shares of Pinnacle Financial Partners by 175.6% during the fourth quarter. CIBC Private Wealth Group LLC now owns 339 shares of the company’s stock worth $32,000 after purchasing an additional 216 shares during the period. Institutional investors own 87.40% of the company’s stock.

Pinnacle Financial Partners News Roundup

Here are the key news stories impacting Pinnacle Financial Partners this week:

• Positive Sentiment: Truist raised its price target to $118 from $115 and reaffirmed a “Buy” rating. The new target implies approximately 12% upside from the recently cited price, signaling continued confidence in Pinnacle’s earnings outlook and valuation. Benzinga analyst update
• Positive Sentiment: Director Robert A. McCabe Jr. purchased roughly $1.0 million of PNFP shares. The acquisition increased his direct ownership by 3.19% to 324,233 shares, which investors may view as a strong vote of confidence from an insider. SEC insider transaction filing
• Positive Sentiment: Recent quarterly results provided a favorable backdrop. Pinnacle reported earnings of $2.50 per share, exceeding the $2.46 consensus estimate, while revenue was approximately in line with expectations. 2026 second-quarter earnings presentation
• Neutral Sentiment: Pinnacle declared its regular $0.50-per-share quarterly common-stock dividend, payable August 28 to shareholders of record August 7. The dividend represents an annualized yield of about 1.9%, supporting shareholder returns but not materially changing the company’s growth outlook. Pinnacle dividend announcement
• Neutral Sentiment: DA Davidson raised its price target to $112 from $109 but maintained a “Neutral” rating. The increase reflects somewhat improved valuation expectations, although the rating indicates limited conviction that the shares will substantially outperform.

Pinnacle Financial Partners Price Performance

PNFP stock opened at $105.34 on Wednesday. The stock’s 50-day moving average price is $98.29. Pinnacle Financial Partners, Inc. has a fifty-two week low of $81.08 and a fifty-two week high of $107.00. The firm has a market capitalization of $8.17 billion, a PE ratio of 14.47, a P/E/G ratio of 0.41 and a beta of 1.04. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.73.

Pinnacle Financial Partners (NYSE:PNFP) last released its earnings results on Wednesday, July 22nd. The company reported $2.50 EPS for the quarter, beating the consensus estimate of $2.46 by $0.04. Pinnacle Financial Partners had a return on equity of 10.93% and a net margin of 15.40%.The firm had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Equities analysts expect that Pinnacle Financial Partners, Inc. will post 10.22 EPS for the current year.

Pinnacle Financial Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 7th will be issued a $0.50 dividend. The ex-dividend date is Friday, August 7th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.9%. Pinnacle Financial Partners’s dividend payout ratio (DPR) is 27.47%.

Insider Activity at Pinnacle Financial Partners

In other Pinnacle Financial Partners news, insider Robert A. Mccabe, Jr. acquired 10,013 shares of the business’s stock in a transaction dated Friday, July 24th. The shares were acquired at an average price of $99.90 per share, with a total value of $1,000,298.70. Following the completion of the transaction, the insider directly owned 324,233 shares in the company, valued at $32,390,876.70. This trade represents a 3.19% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Barclays decreased their price objective on Pinnacle Financial Partners from $135.00 to $130.00 and set an “overweight” rating for the company in a research report on Tuesday, April 7th. Wall Street Zen upgraded shares of Pinnacle Financial Partners from a “sell” rating to a “hold” rating in a report on Tuesday, May 12th. Weiss Ratings raised shares of Pinnacle Financial Partners from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, June 26th. DA Davidson upped their price target on shares of Pinnacle Financial Partners from $109.00 to $112.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Finally, Stephens set a $112.00 price objective on shares of Pinnacle Financial Partners in a research report on Monday. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Pinnacle Financial Partners presently has a consensus rating of “Moderate Buy” and a consensus target price of $117.00.

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.