Rhino Investment Partners Inc Invests $2.58 Million in Pinnacle Financial Partners, Inc. $PNFP

Rhino Investment Partners Inc bought a new position in Pinnacle Financial Partners, Inc. (NYSE:PNFP) during the first quarter, Holdings Channel reports. The fund bought 29,948 shares of the company’s stock, valued at approximately $2,580,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Goldman Sachs Group Inc. increased its stake in Pinnacle Financial Partners by 6.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 651,268 shares of the company’s stock worth $69,060,000 after purchasing an additional 37,989 shares in the last quarter. Focus Partners Wealth lifted its stake in shares of Pinnacle Financial Partners by 13.9% in the first quarter. Focus Partners Wealth now owns 4,755 shares of the company’s stock worth $504,000 after buying an additional 581 shares during the last quarter. Amundi boosted its holdings in shares of Pinnacle Financial Partners by 25,700.0% during the 2nd quarter. Amundi now owns 4,386 shares of the company’s stock worth $513,000 after buying an additional 4,369 shares during the period. Jump Financial LLC bought a new stake in shares of Pinnacle Financial Partners during the 2nd quarter worth $229,000. Finally, Cerity Partners LLC grew its stake in Pinnacle Financial Partners by 4.2% in the 2nd quarter. Cerity Partners LLC now owns 26,061 shares of the company’s stock valued at $2,877,000 after buying an additional 1,039 shares during the last quarter. 87.40% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Robert A. Mccabe, Jr. purchased 10,013 shares of the stock in a transaction on Friday, July 24th. The shares were purchased at an average cost of $99.90 per share, for a total transaction of $1,000,298.70. Following the completion of the transaction, the insider directly owned 324,233 shares of the company’s stock, valued at approximately $32,390,876.70. The trade was a 3.19% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is currently owned by corporate insiders.

Pinnacle Financial Partners Stock Up 2.2%

NYSE:PNFP opened at $105.34 on Wednesday. The firm has a market capitalization of $8.17 billion, a price-to-earnings ratio of 14.47, a PEG ratio of 0.41 and a beta of 1.04. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.94 and a quick ratio of 0.93. Pinnacle Financial Partners, Inc. has a 12-month low of $81.08 and a 12-month high of $107.00. The business has a 50-day simple moving average of $98.29.

Pinnacle Financial Partners (NYSE:PNFP) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.24 billion. On average, research analysts expect that Pinnacle Financial Partners, Inc. will post 10.22 EPS for the current year.

Pinnacle Financial Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 7th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a $2.00 annualized dividend and a yield of 1.9%. Pinnacle Financial Partners’s payout ratio is currently 27.47%.

More Pinnacle Financial Partners News

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.

Wall Street Analyst Weigh In

Several brokerages recently commented on PNFP. Evercore reiterated an “outperform” rating and issued a $120.00 target price on shares of Pinnacle Financial Partners in a report on Monday, July 6th. 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. Benchmark dropped their price objective on Pinnacle Financial Partners from $132.00 to $125.00 and set a “buy” rating on the stock in a research note on Friday, July 24th. Citigroup raised their price objective on Pinnacle Financial Partners from $122.00 to $126.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. Finally, Robert W. Baird assumed coverage on Pinnacle Financial Partners in a report on Tuesday, May 19th. They set an “outperform” rating and a $115.00 price objective on the stock. Two research 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average 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.