On Oct 17, major Wall Street analysts update their ratings for $Pinnacle Financial Partners (PNFP.US)$, with price targets ranging from $108 to $120.
Barclays analyst Jared Shaw maintains with a hold rating, and adjusts the target price from $101 to $108.
Truist Financial analyst Brandon King maintains with a buy rating.
Stephens analyst Russell Gunther maintains with a buy rating, and adjusts the target price from $102 to $120.
KBW analyst Catherine Mealor maintains with a buy rating, and adjusts the target price from $100 to $115.
Furthermore, according to the comprehensive report, the opinions of $Pinnacle Financial Partners (PNFP.US)$'s main analysts recently are as follows:
The expectation is that Pinnacle Financial will likely experience an increase in loan growth extending into 2025 and 2026. The bank's revenue growth in 2025 is also viewed positively.
Following Pinnacle Financial's Q3 report, it is anticipated that the company's net interest income will remain stable on a quarterly basis, with anticipated continued expense growth mitigating some of the gains from sales.
Pinnacle Financial's recent securities restructuring in Q2, along with a notable quarter for deposit growth, contributed to surpassing net interest income expectations. These factors, combined with a reduced provision and improved fees, resulted in a robust performance for Q3. Looking towards year-end, anticipations are heightened with a focus on the acceleration of loan growth in 2025, yet the current trends appear to be promising.
Here are the latest investment ratings and price targets for $Pinnacle Financial Partners (PNFP.US)$ from 4 analysts:
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.