Pinnacle Financial Partners stock price target lowered to $95 by KBW

Investing.com - Keefe, Bruyette & Woods (KBW) has lowered its price target on Pinnacle Financial Partners (NASDAQ:PNFP) to $95.00 from $125.00 while maintaining a Market Perform rating on the stock.

KBW analyst Catherine Mealor cited integration risk associated with the Synovus (SNV) merger as a key factor in the price target reduction, despite raising earnings estimates for the combined entity. Notably, InvestingPro data shows that 10 analysts have recently revised their earnings expectations upward for the upcoming period, suggesting broader optimism about the company’s prospects.

The firm raised its 2026 earnings per share (EPS) estimate to $10.30 and established a 2027 EPS forecast of $11.00, reflecting the anticipated financial benefits of the merger.

KBW expects Pinnacle shares to remain rangebound between $90-$95 in the near term, as the full benefits of the merger won’t materialize until the early 2027 conversion is complete.

The new $95 price target represents 1.6 times pro forma tangible book value and 9.2 times 2026 estimated earnings per share, according to the research note.

In other recent news, Pinnacle Financial Partners has announced a pending acquisition of Synovus Financial Corp, expected to close in the first quarter of 2026, subject to shareholder and regulatory approvals. Fitch Ratings has affirmed Pinnacle’s long and short-term issuer default ratings at ’BBB’ and ’F3’ respectively, but revised the outlook to negative following the acquisition announcement. Pinnacle’s recent quarterly earnings report exceeded expectations, with stronger results driven by higher fees and increased net interest income, although higher expenses were noted due to increased incentive compensation.

Piper Sandler maintained a Neutral rating with a $110.00 price target despite the earnings beat. Citi raised its price target for Pinnacle to $140.00, maintaining a Buy rating, citing strong loan growth and favorable hiring trends. Meanwhile, Stephens downgraded Pinnacle from Overweight to Equal Weight, setting a price target of $133.00 due to concerns surrounding the acquisition. Stephens also adjusted its price target to $104.00, reflecting a revised methodology based on 2027 estimates. These developments highlight varying analyst perspectives on Pinnacle’s future amidst its strategic moves and financial performance.

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