SoFi CEO enters prepaid forward contract on 1.5 million shares
Director Gregory L. Burns of Pinnacle Financial Partners Inc (NASDAQ:PNFP) recently purchased 174 shares of the company’s common stock at $91.43, for a total transaction value of $15,908. The purchase comes as the stock has declined about 14% in the past week and trades at an attractive P/E ratio of 11.6x. According to InvestingPro analysis, PNFP currently appears undervalued.
According to a Form 4 filing with the Securities and Exchange Commission, the transaction took place on July 30, 2025. The shares were acquired indirectly through a Spouse IRA. Following the transaction, Burns directly owns 20,732 shares of Pinnacle Financial Partners Inc. The company has maintained dividend payments for 13 consecutive years, with a current yield of 1.07%. For deeper insights into insider trading patterns and comprehensive analysis, check out the detailed Pro Research Report available on InvestingPro.
In other recent news, Pinnacle Financial Partners reported quarterly earnings that surpassed expectations, driven by higher fees and increased net interest income, although expenses rose due to higher incentive compensation. The financial institution also announced its planned acquisition of Synovus (NYSE:SNV) Financial Corp, expected to finalize in the first quarter of 2026, pending necessary approvals. Fitch Ratings has maintained Pinnacle’s long and short-term issuer default ratings at ’BBB’ and ’F3’ respectively, but revised the outlook from stable to negative following the acquisition announcement. Analyst firm Piper Sandler has reiterated a Neutral rating on Pinnacle, with a price target of $110.00, despite the earnings beat.
Meanwhile, Citi has raised its price target for Pinnacle to $140.00, maintaining a Buy rating, citing strong loan growth and positive hiring trends. Conversely, Stephens has downgraded Pinnacle from Overweight to Equal Weight, setting a price target of $133.00 due to concerns over the pending acquisition deal. Additionally, Stephens adjusted its price target to $104.00 from $133.00, reflecting a revised methodology based on 2027 estimates. These developments highlight varying analyst perspectives on Pinnacle’s future amid its strategic moves and financial performance.
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