Baird Raises PNFP Price Target to $120

On October 23, 2026, Baird reaffirmed its Outperform rating on Pinnacle Financial Partners, Inc. (NYSE: PNFP) while raising its price target from $115 to $120. The firm delivered its research note as regional bank shares traded in positive territory compared to their medium-term trends. Pinnacle Financial Partners closed at $100.46 on October 22, 2026, and recently traded at $99.55.

PNFP Pinnacle Financial Partners, Inc.

$100.46 ▲ +7.20% year to date

1M 3M YTD

Daily close · Oct 22, 2026

Baird's Call on Pinnacle Financial Partners

Baird kept an upbeat stance on the bank, lifting its price objective by $5 from the previous target of $115. Forward-looking research notes of this nature reflect an institution's confidence in a company's upcoming business performance and valuation potential.

Pinnacle Financial Partners, Inc. Stock Up 1.4%

The stock recently changed hands at $99.55, which is down about 0.9% from its event-day close of $100.46 on October 22, 2026. Even so, the shares sit roughly 1.5% above their 50-day moving average of $98.04 and about 3.1% above their 200-day moving average of $96.57. The regional bank currently trades 9.8% below its 52-week high of $110.33 and 22.8% above its 52-week low of $81.08.

Recent Earnings

Pinnacle Financial Partners reported trailing twelve month revenue of $3.3 billion and earnings of $7.47 per share. The regional bank posted a net profit margin of 24.9% alongside a return on equity of 7.6%. Investors can look forward to the next earnings release scheduled for January 27, 2027.

Dividend

The company pays an annual dividend of $2.00 per share, giving investors a dividend yield of 2.04%. This payout takes up 20.4% of the bank's earnings.

Insider Buying and Selling at Pinnacle Financial Partners, Inc.

Company insiders have made several moves in recent months. On August 6, 2026, Chairman of the Board Michael Terry Turner sold 2,737 shares at an average price of $108.01 for a total of $295,623, followed by a larger sale of 174,491 shares on August 17, 2026, valued at $18,858,090. Later, Chief Executive Officer Kevin S. Blair picked up 2,565 shares on September 1, 2026, at $97.48 per share worth $250,036. Director Gregory G. Montana also added to his holdings on September 10, 2026, buying 500 shares at $98.61 each for a total of $49,305.

Analysts Set New Price Targets

Wall Street firms have been active with their updates on the regional bank. On October 2, 2026, Piper Sandler maintained its Overweight rating and lifted its target to $125 from $123. TD Cowen maintained a Buy rating on October 5, 2026, while lowering its target to $115 from $119. Shortly after, Truist Securities kept a Buy rating on October 9, 2026, adjusting its target down to $112 from $118. On the same day as Baird's update, Morgan Stanley maintained its Overweight rating and raised its target to $140 from $139. Across 22 analysts, the stock holds a consensus buy rating with a mean price target of $119.73.

About Pinnacle Financial Partners

Pinnacle Financial Partners operates as the bank holding company for Pinnacle Bank, delivering a wide array of financial services and banking products to individual consumers, business clients, and professional groups across the United States. Headquartered in Atlanta, Georgia, the institution employs over 8,400 people and commands a market capitalization near $15.18 billion.

Bottom Line

Baird's higher price target aligns with an optimistic consensus view among Wall Street analysts covering the financial services firm. Investors will likely keep a close eye on upcoming market trends and sector conditions leading into the bank's next earnings report on January 27, 2027.