Thompson buys Pinnacle Financial (PNFP) shares worth $438,150

Director Thompson G Kennedy of Pinnacle Financial Partners Inc (NASDAQ:PNFP), a $6.77 billion market cap financial institution, acquired 5,000 shares of the company’s common stock on October 20, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The purchase comes as the stock has declined 23% year-to-date, trading at an attractive P/E ratio of 11.2. The shares were purchased at a weighted average price ranging from $87.36 to $87.69, resulting in a total transaction value of $438,150.

Following the transaction, Thompson directly owns 33,372 shares of Pinnacle Financial Partners Inc. He also indirectly owns 2,000 shares of PNFP Common Stock and 20,000 Depositary Shares through his spouse.

In other recent news, Pinnacle Financial Partners has been the focus of several analyst adjustments and ratings changes. Fitch Ratings has revised Pinnacle’s outlook to negative from stable, maintaining its long and short-term issuer default ratings at ’BBB’ and ’F3’, respectively. This revision follows Pinnacle’s announcement of its planned acquisition of Synovus Financial Corp, expected to close in the first quarter of 2026, pending approvals.

Stephens has downgraded Pinnacle Financial from Overweight to Equal Weight, citing concerns related to the pending all-stock acquisition deal with Synovus. Stephens also lowered its price target for Pinnacle to $97.00 from $104.00, mentioning execution risks tied to leadership transitions. Similarly, Keefe, Bruyette & Woods (KBW) reduced its price target to $95.00 from $125.00, highlighting integration risks associated with the Synovus merger, despite raising earnings estimates for the combined entity.

These developments reflect the ongoing adjustments and evaluations by analysts as Pinnacle navigates its strategic merger and leadership changes.

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