TD Cowen Raises PNFP Price Target to $118

TD Cowen reaffirmed its Buy rating on Pinnacle Financial Partners, Inc. (NYSE: PNFP) on October 23, 2026, while nudging up its price target for the regional bank. According to a research note issued that day, the firm lifted its target to $118.00 from $115.00.

PNFP Pinnacle Financial Partners, Inc.

$100.46 ▲ +7.20% year to date

1M 3M YTD

Daily close · Oct 22, 2026

TD Cowen's Call on Pinnacle Financial Partners

The research note from TD Cowen highlights continued confidence in the bank holding company's trajectory, keeping a Buy recommendation in place alongside the higher price target. The firm adjusted its target from a prior level of $115.00.

Pinnacle Financial Partners, Inc. Stock Up 2.5%

Pinnacle Financial Partners recently traded around $100.67 on October 23, 2026, up about 0.2% compared to its $100.46 closing price on October 22, 2026. The stock trades above both its 50-day moving average of $98.04 and its 200-day moving average of $96.57.

Recent Earnings

For the trailing twelve months, Pinnacle Financial Partners generated $3.30 billion in revenue and reported earnings of $7.47 per share. The regional bank's next earnings report is scheduled for January 27, 2027.

Dividend

Pinnacle Financial Partners pays an annual dividend rate of $2.00 per share, giving it a dividend yield of 2.04% based on a dividend payout ratio of 20.4%.

Insider Buying and Selling at Pinnacle Financial Partners, Inc.

Executive leadership at Pinnacle Financial Partners engaged in several stock transactions earlier in the year. On August 6, 2026, Chairman of the Board Michael Terry Turner sold 2,737 shares at an average price of $108.01, totaling $295,623. Later, on August 17, 2026, Turner disposed of 174,491 shares valued at $18,858,090. On the buying side, Chief Executive Officer Kevin S. Blair acquired 2,565 shares on September 1, 2026, at $97.48 per share for a total of $250,036. Additionally, Director Gregory G. Montana bought 500 shares on September 10, 2026, at $98.61 per share, worth $49,305.

Analysts Set New Price Targets

Several other Wall Street firms updated their views on Pinnacle Financial Partners around the same time. On October 9, 2026, Truist Securities maintained its Buy rating while lowering its target from $118.00 to $112.00. On October 23, 2026, RBC Capital maintained its Outperform rating and raised its target from $117.00 to $120.00. On the same date, Morgan Stanley kept its Overweight rating and lifted its target from $139.00 to $140.00, while Baird reaffirmed its Outperform rating and bumped its target from $115.00 to $120.00. Across the broader analyst community, the stock holds a consensus buy recommendation backed by 22 analyst opinions and 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 broad array of financial services and banking products to retail customers, local businesses, and professional clients. Headquartered in Atlanta, Georgia, the institution employs over 8,400 people and serves key markets across the United States.

Bottom Line

TD Cowen's decision to raise its price target points to steady sentiment among covering analysts as the bank heads toward its next quarterly update in late January 2027. Investors will continue to monitor broader banking sector trends and upcoming financial disclosures to gauge how the institution meets its forward earnings projections.