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Pinnacle Financial Partners Director Gregory Burns Buys 652 Shares at $92.5/Share
ByAinvest
Friday, Aug 15, 2025 4:19 pm ET1min read
Pinnacle Financial Partners Inc. (PNFP) recently announced that Director Gregory L. Burns acquired 652 shares of the company's stock at a price of $92.5 per share on August 15, 2025.
Pinnacle Financial Partners Inc. (PNFP), a $7.1 billion regional bank, recently experienced a significant insider transaction. On August 15, 2025, Gregory L. Burns, a Director at Pinnacle, purchased 652 shares of the company's common stock at a price of $92.5 per share, totaling $60,310. This transaction was disclosed in a Form 4 filing with the Securities and Exchange Commission (SEC).Following the purchase, Burns directly owns 21,384 shares and indirectly owns 174 shares through a Spouse IRA. The acquisition comes amidst a period of significant analyst activity surrounding Pinnacle. Recent analyst updates and ratings revisions have provided varying perspectives on the bank's strategic moves and financial outlook.
Fitch Ratings affirmed Pinnacle's issuer default ratings at 'BBB' and 'F3' but revised the outlook to negative following the company's announcement of its acquisition of Synovus Financial Corp, expected to close in early 2026. Keefe, Bruyette & Woods (KBW) lowered its price target for Pinnacle to $95, citing integration risks with the Synovus merger, despite raising earnings estimates for the combined entity. Stephens adjusted its price target to $104, reflecting concerns over the acquisition, and downgraded the stock from Overweight to Equal Weight. Citi, however, raised its price target to $140, maintaining a Buy rating due to Pinnacle's strong loan growth and promising hiring trends expected to boost growth through 2026.
These developments underscore varying analyst perspectives on Pinnacle’s strategic moves and financial outlook. The bank has maintained dividend payments for 13 consecutive years, demonstrating consistent shareholder returns.
References:
[1] https://www.tradingview.com/news/tradingview:1591cd21cd0f9:0-pinnacle-financial-partners-director-buys-shares/
[2] https://www.investing.com/news/insider-trading-news/pinnacle-financial-director-burns-buys-60k-in-shares-93CH-4195997
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