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Glenda Baskin Glover, a director at Pinnacle Financial Partners Inc. (NASDAQ:PNFP), recently sold 3,000 shares of the company’s common stock. The transaction, which took place on March 14, 2025, was executed at a weighted average price of $101.55 per share, resulting in a total sale value of $304,650. Following this sale, Glover retains direct ownership of 9,943 shares in the company. The stock, currently trading at $105.39, has shown a 30.7% return over the past year despite recent weakness. According to InvestingPro analysis, PNFP appears undervalued, with a market capitalization of $8.1 billion and a 13-year track record of consistent dividend payments.
The sale was conducted in multiple transactions, with prices ranging from $101.51 to $101.74 per share. This information is disclosed in a Form 4 filing with the Securities and Exchange Commission (SEC), which is required for insiders who buy or sell shares of their own companies. For deeper insights into PNFP’s valuation and comprehensive analysis, check out the detailed Pro Research Report available on InvestingPro, which covers this and over 1,400 other US stocks.
In other recent news, Pinnacle Financial Partners Inc. announced its 2025 Annual Cash Incentive Plan, which aims to reward employees based on performance metrics such as fully diluted earnings per share (EPS) and total revenue targets. The plan allows for cash incentives ranging from 10% to 125% of employees’ base salaries, contingent upon achieving specific company and individual performance goals. Additionally, Pinnacle Financial has issued equity awards to its key executives, including CEO M. Terry Turner, as part of a long-term incentive plan. These awards, comprising restricted share units and performance-based units, will vest over a three-year period, with the actual number of shares depending on the company’s performance metrics compared to a peer group.
Citi analyst Benjamin Gerlinger has increased the price target for Pinnacle Financial to $148, citing the company’s strong loan growth and strategic hiring practices. Gerlinger maintains a Buy rating on the stock, emphasizing Pinnacle Financial’s potential for continued growth in the regional banking sector. The analyst also highlighted the company’s robust earnings per share outlook for 2026 and 2027 as a key factor in the decision to raise the price target. Furthermore, Gerlinger previously raised the price target to $132, reflecting a positive outlook on the company’s growth potential over the next few years, particularly in terms of loan growth and net interest income.
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