Morgan Stanley Raises PNFP Price Target to $140

On October 23, 2026, Morgan Stanley maintained its Overweight rating on Pinnacle Financial Partners, Inc. (NYSE: PNFP) while lifting its price target to $140 from $139. The update comes as Wall Street tracks regional bank shares and their recent market performance. Pinnacle Financial Partners operates as a bank holding company providing financial products to consumer and business clients.

PNFP Pinnacle Financial Partners, Inc.

$100.46 ▲ +7.20% year to date

1M 3M YTD

Daily close · Oct 22, 2026

Morgan Stanley's Call on Pinnacle Financial Partners

In its research note on October 23, 2026, Morgan Stanley kept its Overweight rating on the regional lender while adjusting its price target upward to $140 from $139. The firm's target sits at the higher end of analyst expectations for the bank holding company.

Pinnacle Financial Partners, Inc. Stock Up 1.4%

Pinnacle Financial Partners shares recently traded around $99.55 as of October 23, 2026, down about 0.9% from the prior closing price of $100.46 on October 22, 2026. The stock trades above its 50-day moving average of $98.04 and above its 200-day moving average of $96.57. Shares sit roughly 9.8% below their 52-week high of $110.33 and 22.8% above their 52-week low of $81.08. The company carries a market capitalization of roughly $15.18 billion and a trailing price-to-earnings ratio of 13.45.

Recent Earnings

For the trailing twelve months, Pinnacle Financial Partners reported total revenue of $3.30 billion and basic earnings of $7.47 per share. The regional bank posted a net profit margin of 24.9% and a return on equity of 7.6%. Year-over-year revenue growth reached 137.0%. The company's next corporate earnings report is scheduled for release on January 27, 2027.

Dividend

Pinnacle Financial Partners pays an annual dividend of $2.00 per share, which translates to a dividend yield of about 2.04%. The bank distributes roughly 20.4% of its earnings to shareholders via dividends.

Insider Buying and Selling at Pinnacle Financial Partners, Inc.

Recent corporate insider filings show varied activity among company leaders. 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 value of $295,623. Later, on August 17, 2026, Turner disposed of 174,491 shares valued at $18.86 million. On the buying side, Chief Executive Officer Kevin S. Blair acquired 2,565 shares on September 1, 2026, at an average price of $97.48, totaling $250,036. Additionally, Director Gregory G. Montana purchased 500 shares on September 10, 2026, at $98.61 per share for a total value of $49,305.

Wall Street Ratings and Price Targets

Several research firms have updated their outlooks on Pinnacle Financial Partners in recent weeks. On October 2, 2026, Piper Sandler maintained its Overweight rating and raised its price target from $123 to $125. TD Cowen maintained a Buy rating on October 5, 2026, adjusting its price target to $115 from $119. Truist Securities maintained a Buy rating on October 9, 2026, moving its price target to $112 from $118. Following Morgan Stanley's update on October 23, Baird also maintained an Outperform rating while raising its price target to $120 from $115. Across the broader analyst community, the stock holds a consensus buy recommendation with a mean price target of $119.73 derived from 22 analyst opinions.

About Pinnacle Financial Partners

Pinnacle Financial Partners operates as the holding company for Pinnacle Bank, offering commercial and retail banking services across select regional markets in the United States. The bank focuses on relationship-driven financial solutions for businesses, professionals, and individual customers.

Bottom Line

Investors will look ahead to the company's next scheduled earnings report on January 27, 2027, to gauge ongoing financial performance. Market participants continue to monitor how regional banking conditions affect loan growth, net interest margins, and overall profitability.