RBC Capital Raises PNFP Price Target to $120

On October 23, 2026, RBC Capital reiterated its Outperform rating on Pinnacle Financial Partners, Inc. (NYSE: PNFP) while raising its price target from $117.00 to $120.00. The research note arrived alongside several other updates from Wall Street firms tracking the regional bank. Pinnacle Financial Partners closed at $100.46 on October 22, 2026.

PNFP Pinnacle Financial Partners, Inc.

$100.46 ▲ +7.20% year to date

1M 3M YTD

Daily close · Oct 22, 2026

RBC Capital's Call on Pinnacle Financial Partners

In its research note on October 23, 2026, RBC Capital kept its Outperform rating on the stock while lifting the price target to $120.00 from $117.00. The move comes as several other banks and financial institutions update their views on the regional banking sector. Pinnacle shares recently traded around $100.67 on October 23, 2026, up about 0.2% from the prior close.

Pinnacle Financial Partners, Inc. Stock Up 2.5%

The stock recently changed hands around $100.67, sitting roughly 2.7% above its 50-day moving average of $98.04 and 4.2% higher than its 200-day moving average of $96.57. Shares remain about 8.8% below their 52-week high of $110.33, while trading 24.2% above their 52-week low of $81.08. Pinnacle carries a market capitalization of roughly $15.18 billion and a trailing P/E ratio of 13.45.

Recent Earnings

For the trailing twelve months, Pinnacle reported $3.30 billion in revenue and earnings of $7.47 per share. The company posted a net profit margin of 24.9% and a return on equity of 7.6%. The next earnings report is scheduled for January 27, 2027.

Dividend

Pinnacle pays an annual dividend of $2.00 per share, giving shareholders a dividend yield of 2.04% based on recent trading levels. The payout ratio sits at 20.4% of earnings.

Insider Buying and Selling at Pinnacle Financial Partners, Inc.

Company insiders executed several transactions in the months leading up to the analyst update. 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, followed by a larger sale of 174,491 shares on August 17, 2026, valued at $18.86 million. On the buying side, CEO Kevin S. Blair acquired 2,565 shares on September 1, 2026, at $97.48 per share for a total of $250,036. Director Gregory G. Montana also picked up 500 shares on September 10, 2026, at $98.61 per share, totaling $49,305.

Analysts Set New Price Targets

Wall Street firms adjusted their views around the same time. On October 9, 2026, Truist Securities maintained its Buy rating while trimming its target from $118.00 to $112.00. On October 23, 2026, TD Cowen maintained a Buy rating with a target moved to $118.00 from $115.00, Morgan Stanley maintained an Overweight rating with a target raised to $140.00 from $139.00, and Baird maintained an Outperform rating with a target lifted to $120.00 from $115.00. Across the broader analyst community, the stock holds a consensus buy recommendation with a mean price target of $119.73 based on 22 analyst opinions.

About Pinnacle Financial Partners

Pinnacle Financial Partners operates as the bank holding company for Pinnacle Bank, offering a range of financial products and services to retail customers, businesses, and professional clients across the United States. Headquartered in Atlanta, Georgia, the firm employs over 8,400 people.

Bottom Line

RBC Capital's upward revision to $120 places its target right near the broader Wall Street consensus. Investors will watch for the company's next earnings report on January 27, 2027, to gauge loan growth and margin trends across the regional banking franchise.