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Pinnacle Financial Partners Inc. (NASDAQ:PNFP), a Tennessee-based bank holding company with a market capitalization of $6.9 billion, has announced amendments to its charter and a change in its fiscal address, effective Monday. The updates were filed with the Tennessee Secretary of State as part of an 8-K filing with the Securities and Exchange Commission. According to InvestingPro analysis, the company currently trades at a P/E ratio of 14.95 and appears slightly undervalued based on its Fair Value assessment.
The company’s mailing address has been updated to "21 Platform Way South, Suite 2300, Nashville, Tennessee 37203". Additionally, the name and office of the company’s registered agent is now listed as "Robert A. McCabe, Jr., 21 Platform Way South, Suite 2300, Nashville, Tennessee 37203". These changes were effective as of April 7, 2025.
The amendments, detailed in the Articles of Amendment, do not affect the company’s financial statements or operations. Pinnacle Financial Partners specializes in providing a range of banking services including commercial banking, mortgage banking, and investment services. The company has maintained dividend payments for 13 consecutive years, demonstrating strong financial stability despite the recent 20.88% decline in its stock price year-to-date.
The formal documentation of these amendments, including the full text of the Articles of Amendment, was attached as an exhibit to the 8-K filing. This filing ensures that all regulatory requirements are met and provides transparency to shareholders and the public regarding corporate governance updates.
The company’s common stock continues to be listed on The Nasdaq Stock Market under the trading symbol PNFP. The changes reported in this SEC filing are administrative in nature and reflect the company’s commitment to keeping its records up to date with state and federal regulators.
This report is based on the official press release statement and the 8-K filing submitted by Pinnacle Financial Partners Inc. to the Securities and Exchange Commission. With the company’s next earnings report scheduled for April 14, 2025, investors seeking deeper insights can access comprehensive analysis and additional ProTips through InvestingPro’s detailed research reports, which provide extensive coverage of over 1,400 US stocks.
In other recent news, Pinnacle Financial Partners has unveiled its 2025 Annual Cash Incentive Plan, designed to reward employees based on the company’s performance metrics. This plan includes cash incentives ranging from 10% to 125% of an employee’s base salary, contingent on achieving specific earnings per share (EPS) and revenue goals. In addition, Pinnacle Financial has granted equity awards to key executives, including time-based restricted share units (RSUs) and performance-based units, which will vest over a three-year period as part of a long-term incentive strategy.
The company’s Human Resources and Compensation Committee has approved these awards under the Second Amended and Restated 2018 Omnibus Equity Incentive Plan. In a separate development, Citi analyst Benjamin Gerlinger has raised 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, highlighting Pinnacle’s distinctive performance within the regional banking sector.
The analyst’s confidence in Pinnacle’s earnings per share outlook for 2026 and 2027 has been bolstered by the company’s robust loan growth and operational leverage. These recent developments indicate ongoing investor interest in Pinnacle Financial, driven by its growth prospects and strategic initiatives.
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