California Public Employees Retirement System Acquires 136,735 Shares of Pinnacle Financial Partners, Inc. $PNFP

California Public Employees Retirement System raised its stake in Pinnacle Financial Partners, Inc. (NYSE:PNFP) by 101.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 271,803 shares of the company’s stock after acquiring an additional 136,735 shares during the quarter. California Public Employees Retirement System’s holdings in Pinnacle Financial Partners were worth $23,413,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in PNFP. Brown Brothers Harriman & Co. bought a new stake in shares of Pinnacle Financial Partners during the 3rd quarter valued at approximately $26,000. High Point Wealth Management LLC acquired a new stake in Pinnacle Financial Partners in the fourth quarter valued at approximately $27,000. BOKF NA boosted its position in Pinnacle Financial Partners by 1,204.5% in the third quarter. BOKF NA now owns 287 shares of the company’s stock valued at $27,000 after buying an additional 265 shares in the last quarter. Activest Wealth Management bought a new stake in shares of Pinnacle Financial Partners during the fourth quarter worth $28,000. Finally, CIBC Private Wealth Group LLC grew its stake in shares of Pinnacle Financial Partners by 175.6% during the fourth quarter. CIBC Private Wealth Group LLC now owns 339 shares of the company’s stock worth $32,000 after buying an additional 216 shares during the last quarter. 87.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on PNFP shares. Weiss Ratings upgraded shares of Pinnacle Financial Partners from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, June 26th. UBS Group lifted their target price on Pinnacle Financial Partners from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Citigroup increased their price target on Pinnacle Financial Partners from $122.00 to $126.00 and gave the company a “buy” rating in a research note on Thursday, June 25th. Piper Sandler restated an “overweight” rating on shares of Pinnacle Financial Partners in a research report on Wednesday, June 10th. Finally, Robert W. Baird assumed coverage on Pinnacle Financial Partners in a research report on Tuesday, May 19th. They set an “outperform” rating and a $115.00 price objective for the company. Three investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Pinnacle Financial Partners presently has an average rating of “Moderate Buy” and a consensus price target of $116.89.

Key Headlines Impacting Pinnacle Financial Partners

Here are the key news stories impacting Pinnacle Financial Partners this week:

• Positive Sentiment: Pinnacle Financial Partners posted Q2 earnings of $2.50 per share, topping the Zacks consensus estimate of $2.46 and improving from $2.00 a year ago, which signals solid earnings momentum. Pinnacle Financial (PNFP) Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: The company’s profitability metrics also looked healthy, with 15.02% net margin and 10.61% return on equity, supporting investor confidence in its underlying earnings power. Pinnacle Financial Partners announces earnings for second quarter 2026
• Neutral Sentiment: Several pre-earnings articles focused on valuation, dividend appeal, and key quarterly metrics, but these were largely commentary pieces rather than new market-moving disclosures. Is Pinnacle Financial Partners (PNFP) Undervalued Ahead Of Its Q2 2026 Earnings?
• Negative Sentiment: One report said PNFP missed Q2 sales expectations, which may have limited some of the upside from the earnings beat and could keep investors focused on revenue growth. Pinnacle Financial Partners (NASDAQ:PNFP) misses Q2 CY2026 sales expectations

Pinnacle Financial Partners Trading Up 0.7%

Shares of PNFP opened at $97.47 on Thursday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $7.56 billion, a PE ratio of 13.52, a P/E/G ratio of 0.39 and a beta of 1.04. The firm’s fifty day moving average price is $97.65. Pinnacle Financial Partners, Inc. has a 12 month low of $81.08 and a 12 month high of $113.33.

Pinnacle Financial Partners (NYSE:PNFP) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.46 by $0.04. Pinnacle Financial Partners had a return on equity of 10.61% and a net margin of 15.02%.The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.24 billion. As a group, research analysts predict that Pinnacle Financial Partners, Inc. will post 10.18 EPS for the current fiscal year.

Pinnacle Financial Partners Profile

Pinnacle Financial Partners (NYSE: PNFP) is a bank holding company headquartered in Nashville, Tennessee, that provides a broad range of commercial and consumer banking services. Founded in 2000, the company operates through a network of banking offices and digital channels to serve individuals, small and middle-market businesses, and institutional clients. Pinnacle’s business model emphasizes relationship-based banking and tailored financial solutions for commercial borrowers and deposit customers.

The company’s product and service offerings include commercial and residential lending, treasury and payment solutions, deposit accounts, mortgage services, and cash management.