Pinnacle Financial Partners, Inc. (NYSE:PNFP) is one of the 10 best banking stocks to buy according to hedge funds.
On January 28, Stephen Scouten from Piper Sandler increased the firm’s price target on Pinnacle Financial Partners, Inc. (NYSE:PNFP) from $120 to $122. The analyst maintained his Overweight rating on the shares, with a revised upside potential of more than 29%.
Despite recent underperformance following the fourth-quarter results, the analyst noted some incremental positives, along with management’s commentary, that support a constructive view of the company’s future trajectory.
On January 26, the price target for Pinnacle Financial Partners, Inc. (NYSE:PNFP) was increased from $118 to $122 by Citi analyst Benjamin Gerlinger, who maintained his Buy rating. The analyst’s upward revision to the price target followed the company’s fourth-quarter results, which indicated an improvement in the capital base. Another factor leading to such optimism is an elevated earnings forecast.
Pinnacle Financial Partners, Inc. (NYSE:PNFP) is a bank holding company that offers banking solutions for individuals and institutions. It provides deposit services, including certificates of deposit, money market & savings accounts, and non-interest-bearing & interest-bearing accounts. It also delivers wealth management and treasury management services.
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