
PNFP Stock Forecast & Price Target
PNFP Analyst Ratings
Bulls say
Pinnacle Finl Partners is a sound investment due to its solid franchise and undervalued shares, with a BUY rating and expected price target of $132. With a history of successful expansion, potential revenue synergies, and a new CFO, the company is well-positioned for future growth despite potential challenges. The recent merger with Synovus is expected to bring cost savings and drive earnings growth, while the company's focus on maintaining a strong balance sheet and steady growth in loans and deposits further support a positive outlook.
Bears say
Pinnacle Finl Partners is a combination of two banks, Pinnacle and Synovus, and the merger resulted in a new culture and leadership, and while there were initial concerns about the integration, positive feedback from local bankers and a high retention rate of employee talent has made the author more positive about the deal. However, market share is not evenly spread across regions, including smaller shares in markets such as Tampa and Washington DC, which may hinder future growth potential compared to peers. Additionally, the increase in criticized loans post-merger and the potential for economic and credit risks, as well as cybersecurity and concentration risks, could impact the bank's profitability going forward.
This aggregate rating is based on analysts' research of Steel Newco Inc and is not a guaranteed prediction by Public.com or investment advice.
PNFP Analyst Forecast & Price Prediction
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