Pinnacle Financial Partners falls amid market weakness
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 28 2025
0mins
Should l Buy PNFP?
Pinnacle Financial Partners Inc. shares fell by 7.11% as the stock crossed below its 5-day SMA, reflecting a challenging trading environment.
The decline in Pinnacle Financial's stock price comes amid broader market weakness, with the Nasdaq-100 down 0.69% and the S&P 500 down 0.77%. This sector rotation indicates that investors are moving away from financial stocks in favor of other sectors, contributing to the downward pressure on Pinnacle's shares.
As the market continues to show signs of weakness, investors may need to reassess their positions in financial stocks like Pinnacle Financial Partners, especially in light of the current economic conditions.
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Analyst Views on PNFP
Wall Street analysts forecast PNFP stock price to rise
16 Analyst Rating
11 Buy
5 Hold
0 Sell
Moderate Buy
Current: 92.670
Low
95.00
Averages
113.53
High
135.00
Current: 92.670
Low
95.00
Averages
113.53
High
135.00
About PNFP
Pinnacle Financial Partners, Inc. is a bank holding company. It is a regional bank which provides a full range of banking, investment, trust, mortgage and insurance products and services for commercial and consumer clients who want a comprehensive relationship with their financial institution. The Bank operates offices in Tennessee, Georgia, Florida, North Carolina, South Carolina, Alabama, Kentucky, Virginia and Maryland. It operates in more than 400 locations in nine states throughout the Southeast and Atlantic coast, along with multiple banking specialties with nationwide scope. It provides a full range of banking services, including investment, mortgage, insurance, and comprehensive wealth management services, in several primarily urban markets and their surrounding communities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Inflation Impact: January's Producer Price Index (PPI) rose 0.5% month-over-month, surpassing the expected 0.3%, with the core component increasing by 0.8%, indicating limited room for the Federal Reserve to cut interest rates and heightening concerns over potential economic slowdown.
- Rising Credit Risk: A Bank of America strategist highlighted increasing concerns over problem loans that could pressure lenders, prompting investors to reassess credit risk, particularly in private credit and leveraged loan markets, negatively impacting valuations of banks sensitive to economic cycles.
- Regional Bank Declines: The market's reaction led to significant declines in regional banks, with UMB Financial (NASDAQ:UMBF) down 7%, Texas Capital Bank (NASDAQ:TCBI) down 6.8%, Simmons First National (NASDAQ:SFNC) down 6.6%, Pinnacle Financial Partners (NASDAQ:PNFP) down 7.5%, and Old National Bank (NASDAQ:ONB) down 6.7%, reflecting waning investor confidence in the sector.
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- Award Leadership: Pinnacle Financial Partners secured 32 Coalition Greenwich 2026 Best Bank Awards, the highest in the nation, showcasing its exceptional service to small business and middle market clients, thereby reinforcing its market leadership.
- Customer Satisfaction Boost: Pinnacle excelled in awards related to customer loyalty, including Overall Satisfaction and Likelihood to Recommend, indicating that its client-centric service strategy effectively enhances trust and loyalty, driving long-term business success.
- Market Share Advantage: Pinnacle ranks No. 1 in deposit market share in the Nashville MSA and No. 4 in the Atlanta MSA, demonstrating strong competitive positioning in regional markets, which is expected to attract more clients and increase market share.
- Enhanced Industry Recognition: Pinnacle was named the 4th Best Bank to Work For in America in 2025, marking its 13th consecutive year on the list, which further boosts its appeal as an employer in the financial services sector, aiding in attracting and retaining top financial talent.
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- Cost Savings Expectations: Pinnacle expects to realize $250 million in annual cost savings and up to $130 million in revenue synergies over the next few years, significantly improving profitability and strengthening competitive positioning in the market.
- Optimistic Earnings Forecast: Analysts project Pinnacle's earnings per share (EPS) to reach $10.17 and $11.74 for 2026 and 2027, respectively, and achieving these targets could lead to substantial stock price increases, especially with potential valuation expansion.
- Stock Price Potential Analysis: Currently valued at around 10 times forward earnings, a re-rating to a low-teens P/E could push the stock back to historical highs of approximately $125 per share, indicating strong market potential for future growth.
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- Cost Savings Expectations: Pinnacle expects to achieve $250 million in annualized cost savings and up to $130 million in revenue synergies over the next few years, which will enhance profitability and drive stock recovery.
- Earnings Forecast: Analysts project Pinnacle's earnings per share (EPS) to reach $10.17 and $11.74 for 2026 and 2027, respectively, and if these targets are met, the stock could rebound to over $125 per share, potentially even higher.
- Market Performance Analysis: Although Pinnacle's stock has declined by 20% over the past year, as the market digests the uncertainties surrounding the merger, a strong recovery is expected over the next two years, especially with potential valuation expansion.
See More
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- Series B Dividend Payment: The firm will also pay a dividend of $0.52481 per share on its Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B, payable on April 1, 2026, with the same record date of March 15, 2026, further enhancing investor confidence.
- Series C Dividend Details: Pinnacle Financial will pay a dividend of $16.88 per share (or $0.422 per depository share) on its Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series C, on March 1, 2026, with a record date of February 14, 2026, reflecting the company's stable financial position.
- Market Position and Recognition: As the largest bank headquartered in Tennessee and the largest bank holding company in Georgia, Pinnacle Financial ranks first in deposit market share in the Nashville MSA and was recognized as No. 9 in FORTUNE magazine's 2025 list of 100 Best Companies to Work For, showcasing its competitive edge and attractiveness in the industry.
See More
Inflation Data Exceeds Expectations, Triggering Market Volatility
- Inflation Impact: January's Producer Price Index (PPI) rose 0.5% month-over-month, surpassing the expected 0.3%, with the core component increasing by 0.8%, indicating limited room for the Federal Reserve to cut interest rates and heightening concerns over potential economic slowdown.
- Rising Credit Risk: A Bank of America strategist highlighted increasing concerns over problem loans that could pressure lenders, prompting investors to reassess credit risk, particularly in private credit and leveraged loan markets, negatively impacting valuations of banks sensitive to economic cycles.
- Regional Bank Declines: The market's reaction led to significant declines in regional banks, with UMB Financial (NASDAQ:UMBF) down 7%, Texas Capital Bank (NASDAQ:TCBI) down 6.8%, Simmons First National (NASDAQ:SFNC) down 6.6%, Pinnacle Financial Partners (NASDAQ:PNFP) down 7.5%, and Old National Bank (NASDAQ:ONB) down 6.7%, reflecting waning investor confidence in the sector.
- Overreaction Opportunity: While the market's response to the news has been severe, the substantial price drops may present good buying opportunities for high-quality stocks, especially amid increasing economic uncertainty, necessitating careful evaluation of potential investment prospects.
See More
AIXCRYPTO FORGES STRATEGIC ALLIANCE WITH PINNACLE REAL ESTATE GROUP TO INVESTIGATE CORE RWA ECOSYSTEM INTEGRATION
Strategic Partnership: AIX Crypto has entered into a strategic partnership with Pinnacle Real Estate Group.
Core Ecosystem Exploration: The collaboration aims to explore core ecosystem integration within the real estate sector.
See More
Pinnacle and Synovus Earn 50 Best Bank Awards
- Award Leadership: Pinnacle Financial Partners secured 32 Coalition Greenwich 2026 Best Bank Awards, the highest in the nation, showcasing its exceptional service to small business and middle market clients, thereby reinforcing its market leadership.
- Customer Satisfaction Boost: Pinnacle excelled in awards related to customer loyalty, including Overall Satisfaction and Likelihood to Recommend, indicating that its client-centric service strategy effectively enhances trust and loyalty, driving long-term business success.
- Market Share Advantage: Pinnacle ranks No. 1 in deposit market share in the Nashville MSA and No. 4 in the Atlanta MSA, demonstrating strong competitive positioning in regional markets, which is expected to attract more clients and increase market share.
- Enhanced Industry Recognition: Pinnacle was named the 4th Best Bank to Work For in America in 2025, marking its 13th consecutive year on the list, which further boosts its appeal as an employer in the financial services sector, aiding in attracting and retaining top financial talent.
See More
Pinnacle Financial Partners Sees Positive Outlook Post-Merger
- Merger Impact Analysis: Pinnacle Financial's $8.6 billion all-stock merger with Synovus, completed on January 2, has led to a 20% stock price decline due to market concerns; however, anticipated post-merger synergies could enhance profitability and drive stock recovery.
- Cost Savings Expectations: Pinnacle expects to realize $250 million in annual cost savings and up to $130 million in revenue synergies over the next few years, significantly improving profitability and strengthening competitive positioning in the market.
- Optimistic Earnings Forecast: Analysts project Pinnacle's earnings per share (EPS) to reach $10.17 and $11.74 for 2026 and 2027, respectively, and achieving these targets could lead to substantial stock price increases, especially with potential valuation expansion.
- Stock Price Potential Analysis: Currently valued at around 10 times forward earnings, a re-rating to a low-teens P/E could push the stock back to historical highs of approximately $125 per share, indicating strong market potential for future growth.
See More
Pinnacle Financial Completes Merger with Synovus
- Merger Completion: Pinnacle Financial's $8.6 billion all-stock merger with Synovus was completed on January 2, and despite market concerns about potential dilution of tangible book value, significant cost and growth synergies are anticipated post-merger.
- Cost Savings Expectations: Pinnacle expects to achieve $250 million in annualized cost savings and up to $130 million in revenue synergies over the next few years, which will enhance profitability and drive stock recovery.
- Earnings Forecast: Analysts project Pinnacle's earnings per share (EPS) to reach $10.17 and $11.74 for 2026 and 2027, respectively, and if these targets are met, the stock could rebound to over $125 per share, potentially even higher.
- Market Performance Analysis: Although Pinnacle's stock has declined by 20% over the past year, as the market digests the uncertainties surrounding the merger, a strong recovery is expected over the next two years, especially with potential valuation expansion.
See More
Pinnacle Financial Announces Preferred Stock Dividends
- Preferred Stock Dividend Announcement: Pinnacle Financial's board approved a dividend of $0.45617 per share on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A, payable on March 23, 2026, to shareholders of record as of March 15, 2026, demonstrating the company's commitment to shareholder returns.
- Series B Dividend Payment: The firm will also pay a dividend of $0.52481 per share on its Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B, payable on April 1, 2026, with the same record date of March 15, 2026, further enhancing investor confidence.
- Series C Dividend Details: Pinnacle Financial will pay a dividend of $16.88 per share (or $0.422 per depository share) on its Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series C, on March 1, 2026, with a record date of February 14, 2026, reflecting the company's stable financial position.
- Market Position and Recognition: As the largest bank headquartered in Tennessee and the largest bank holding company in Georgia, Pinnacle Financial ranks first in deposit market share in the Nashville MSA and was recognized as No. 9 in FORTUNE magazine's 2025 list of 100 Best Companies to Work For, showcasing its competitive edge and attractiveness in the industry.
See More
