State of Michigan Retirement System Increases Holdings in Pinnacle Financial Partners, Inc. $PNFP

Posted by Geri Gentry on Jul 18th, 2026

State of Michigan Retirement System lifted its holdings in shares of Pinnacle Financial Partners, Inc. (NYSE:PNFP – Free Report) by 98.6% during the first quarter, HoldingsChannel reports. The firm owned 36,206 shares of the company’s stock after purchasing an additional 17,979 shares during the quarter. State of Michigan Retirement System’s holdings in Pinnacle Financial Partners were worth $3,119,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Brown Brothers Harriman & Co. bought a new position in Pinnacle Financial Partners during the third quarter valued at about $26,000. High Point Wealth Management LLC bought a new stake in Pinnacle Financial Partners in the fourth quarter worth about $27,000. BOKF NA boosted its stake in Pinnacle Financial Partners by 1,204.5% in the third quarter. BOKF NA now owns 287 shares of the company’s stock valued at $27,000 after acquiring an additional 265 shares during the last quarter. Activest Wealth Management purchased a new position in Pinnacle Financial Partners in the fourth quarter valued at about $28,000. Finally, CIBC Private Wealth Group LLC grew its position in shares of Pinnacle Financial Partners by 175.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 339 shares of the company’s stock valued at $32,000 after acquiring an additional 216 shares during the period. 87.40% of the stock is owned by hedge funds and other institutional investors.

Pinnacle Financial Partners Stock Down 2.3%

PNFP opened at $100.94 on Friday. The stock has a market capitalization of $7.83 billion, a P/E ratio of 14.00, a price-to-earnings-growth ratio of 0.41 and a beta of 1.04. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a 50-day simple moving average of $97.53. Pinnacle Financial Partners, Inc. has a twelve month low of $81.08 and a twelve month high of $119.85.

Pinnacle Financial Partners (NYSE:PNFP – Get Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The company reported $2.39 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.09. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Pinnacle Financial Partners had a net margin of 15.02% and a return on equity of 10.61%. On average, sell-side analysts expect that Pinnacle Financial Partners, Inc. will post 10.18 earnings per share for the current fiscal year.

Pinnacle Financial Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 1st were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, May 1st. This represents a $2.00 dividend on an annualized basis and a yield of 2.0%. Pinnacle Financial Partners’s payout ratio is presently 27.74%.

Analyst Ratings Changes

Several brokerages have recently issued reports on PNFP. TD Cowen decreased their price target on shares of Pinnacle Financial Partners from $125.00 to $121.00 and set a “buy” rating for the company in a research note on Monday, April 27th. Benchmark initiated coverage on Pinnacle Financial Partners in a research note on Wednesday, June 24th. They issued a “buy” rating and a $132.00 price objective on the stock. Evercore reissued an “outperform” rating and set a $120.00 price objective on shares of Pinnacle Financial Partners in a report on Monday, July 6th. Truist Financial raised their target price on Pinnacle Financial Partners from $114.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Finally, Weiss Ratings upgraded Pinnacle Financial Partners from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, June 26th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $116.89.

Check Out Our Latest Analysis on PNFP

Pinnacle Financial Partners Profile

(Free Report)

Pinnacle Financial Partners (NYSE: PNFP) is a bank holding company headquartered in Nashville, Tennessee, that provides a broad range of commercial and consumer banking services. Founded in 2000, the company operates through a network of banking offices and digital channels to serve individuals, small and middle-market businesses, and institutional clients. Pinnacle’s business model emphasizes relationship-based banking and tailored financial solutions for commercial borrowers and deposit customers.

The company’s product and service offerings include commercial and residential lending, treasury and payment solutions, deposit accounts, mortgage services, and cash management.