Evercore ISI Group Cuts PNC Price Target to $260
Key Points
- Evercore ISI Group maintained an Outperform rating on The PNC Financial Services Group, Inc. and adjusted its price target from $265 to $260 on October 19, 2026.
- Evercore ISI Group's $260 price target implies 19.60% upside from The PNC Financial Services Group, Inc.'s ($PNC) current $217.39 share price.
- The regional bank reported trailing-twelve-month revenue of $24.9 billion alongside a net margin of 31.7%, with its next earnings report scheduled for January 15, 2027.
- The company offers an annual dividend rate of $8.00 per share, yielding 3.72% with a payout ratio of 37.4%.
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On October 19, 2026, Evercore ISI Group maintained its Outperform rating on The PNC Financial Services Group, Inc. while lowering its price target from $265 to $260. The research note was issued on the same day the stock closed at $218.26. The new target sits comfortably above where shares currently change hands, leaving room for potential upside according to the firm's forward-looking view.
PNC
The PNC Financial Services Group, Inc.
Evercore ISI Group vs. the S&P 500
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Evercore ISI Group's Call on The PNC Financial Services Group, Inc.
Evercore ISI Group kept its Outperform rating on the regional bank on October 19, 2026, while trimming its target price to $260 from $265. Prior to this update, Keefe, Bruyette & Woods maintained a Market Perform rating and lowered its target to $250 from $260 on October 16, 2026. On the same date, Raymond James kept an Outperform rating and reduced its target from $275 to $255. Oppenheimer also maintained an Outperform rating on October 16, 2026, raising its target to $269 from $263. Additionally, Truist Securities maintained a Hold rating and lowered its target to $248 from $252 on October 19, 2026. Across 21 analyst opinions, the stock currently carries a consensus buy rating and a mean price target of $265.52.
Other Institutional Activity in The PNC Financial Services Group, Inc.
Other large investors have adjusted their positions in the bank recently. Heck Capital Advisors established a new position, ending with 10,900 shares valued at about $2.4 million. Y-Intercept opened a new stake with 66,582 shares worth approximately $14.8 million. Meanwhile, Franklin Resources, Inc. reduced its holdings by 188,624 shares, ending its period on June 30, 2026, with 8,424,326 shares valued at roughly $1.8 billion.
The PNC Financial Services Group, Inc. Stock Up 1.1%
Shares recently traded around $217.39 as of October 19, 2026, sitting below the session close of $218.26. The stock trades below its 50-day moving average of $236.21 and its 200-day moving average of $228.41.
$PNC price target
The PNC Financial Services Group, Inc. daily closes and this analyst's $260 target. Not advice.
Recent Earnings
The bank reported trailing-twelve-month revenue of $24.9 billion and basic earnings of $18.78 per share. Profitability metrics include a net margin of 31.7% and a return on equity of 13.1%. The next earnings report is scheduled for January 15, 2027.
Dividend
The company pays an annual dividend rate of $8.00 per share, which translates to a dividend yield of 3.72%. The payout ratio sits at 37.4%.
Insider Buying and Selling at The PNC Financial Services Group, Inc.
Company insiders have carried out several transactions in recent months. Officer Alexander E. C. Overstrom sold 1,500 shares on June 8, 2026, at an average price of $227.97 for a total of $341,956. Officer Michael Duane Thomas sold 1,500 shares on June 12, 2026, at $238.14 per share, totaling $357,205. Officer Guild Deborah sold 1,200 shares on July 22, 2026, at $252.20 for a total of $302,634. Finally, Officer Stacy M Juchno sold 3,354 shares on August 13, 2026, at $255.84 per share, amounting to $858,076.
About The PNC Financial Services Group, Inc.
The PNC Financial Services Group, Inc. operates as a diversified financial institution in the United States, providing banking and asset management services through retail, corporate, and institutional divisions. As analysts adjust targets in response to changing market conditions, institutional and insider activity continues to shape the backdrop for the company's shares.
Bottom Line
Investors will look toward the company's upcoming earnings release on January 15, 2027, for further clarity on financial performance. Monitoring ongoing analyst adjustments and institutional shifts will help clarify how the market evaluates the stock relative to its consensus targets.
Related Filing Alerts
Source: Evercore ISI Group's rating change on $PNC (Oct 19, 2026). Written by software, not financial advice. How we make alerts