Pinnacle Financial Partners CEO Kevin S. Blair purchased 2,565 ordinary shares on September 1, 2026, for a total of $250,036 at $97.48 per share, according to regulatory filings.
The transaction brings Blair’s direct ownership to 152,397 shares. At $98.44, the stock trades near the purchase price, reflecting a modest premium to the acquisition price.
Pinnacle Financial reported adjusted earnings per share of $2.50 for Q2, exceeding Wall Street’s $2.46 estimate, while revenue of $1.2 billion fell short of the $1.24 billion consensus. The company maintains a 14-year streak of dividend payments with a current yield of 2.06% and a market valuation of $14.6 billion.
Benchmark reduced its price target on Pinnacle Financial to $125 from $132, maintaining a buy rating. The brokerage also trimmed fiscal 2026 and 2027 earnings estimates by $0.10 and $0.68, respectively, to $11.32 per share for 2027. The new target is based on 11 times the brokerage’s forward earnings estimate.
