Pinnacle Financial Partners Completes Merger with Synovus
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 05 Jan 26
Source: Businesswire
Pinnacle Financial Partners Inc. saw a price increase of 5.06%, crossing above its 5-day SMA, amid positive market conditions with the Nasdaq-100 up 0.82% and the S&P 500 up 0.57%.
This surge is attributed to Pinnacle Financial's successful completion of its merger with Synovus, resulting in a combined asset total of $117.2 billion. The merger is expected to enhance customer experience and increase market competitiveness, potentially attracting more clients and boosting market share.
The implications of this merger are significant, as it positions Pinnacle Financial as a stronger player in the Southeast and Atlantic coast markets, with an expanded workforce and a clear blueprint for future growth.
Analyst Views on PNFP
Wall Street analysts forecast PNFP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PNFP is 113.53 USD with a low forecast of 95.00 USD and a high forecast of 135.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
16 Analyst Rating
11 Buy
5 Hold
0 Sell
Moderate Buy
Current: 93.770
Low
95.00
Averages
113.53
High
135.00
Current: 93.770
Low
95.00
Averages
113.53
High
135.00
About PNFP
Pinnacle Financial Partners, Inc. is a bank holding company. It is a regional bank which provides a full range of banking, investment, trust, mortgage and insurance products and services for commercial and consumer clients who want a comprehensive relationship with their financial institution. The Bank operates offices in Tennessee, Georgia, Florida, North Carolina, South Carolina, Alabama, Kentucky, Virginia and Maryland. It operates in more than 400 locations in nine states throughout the Southeast and Atlantic coast, along with multiple banking specialties with nationwide scope. It provides a full range of banking services, including investment, mortgage, insurance, and comprehensive wealth management services, in several primarily urban markets and their surrounding communities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
