Pinnacle Financial CEO Kevin Blair buys $250k in company stock By Investing.com

Kevin S. Blair, Chief Executive Officer and a Director at (PNFP), recently increased his stake in the company. On September 1, 2026, Mr. Blair acquired 2,565 shares of common stock for a total value of $250,036.

The shares were purchased at a price of $97.48 each, close to the current stock price of $98.44. Following this transaction, Mr. Blair directly holds 152,397 shares of Pinnacle Financial Partners common stock.The insider purchase comes as the $14.6 billion bank trades at a P/E ratio of 14.27. According to InvestingPro analysis, PNFP appears undervalued based on its Fair Value assessment. The company has maintained dividend payments for 14 consecutive years, currently yielding 2.06%. For deeper insights, investors can access PNFP’s comprehensive Pro Research Report, available for this and 1,400+ other US equities on InvestingPro.

In other recent news, Pinnacle Financial Partners reported its second-quarter earnings, surpassing Wall Street’s expectations with adjusted earnings per share of $2.50, compared to the projected $2.46. However, the company’s revenue of $1.2 billion fell short of the anticipated $1.24 billion. These mixed results provided a cautiously optimistic outlook on the bank’s merger integration efforts. Meanwhile, Benchmark has adjusted its price target for Pinnacle Financial, lowering it from $132 to $125, while maintaining a Buy rating. The firm also revised its earnings estimates, reducing its fiscal 2026 forecast by $0.10 and its fiscal 2027 estimate by $0.68, bringing it to $11.32 per share. This new price target is based on 11 times the firm’s forward earnings estimate. These developments reflect ongoing evaluations and adjustments by analysts regarding Pinnacle Financial’s financial performance and future prospects.

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