Pinnacle Financial Partners Acquires Synovus, Deal Expected to Close Soon
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 02 2026
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Pinnacle Financial Partners (PNFP) is acquiring Synovus (SNV) in a deal expected to be completed soon, pending final closing conditions.
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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.
Pinnacle Financial Announces Preferred Stock Dividends
- Preferred Stock Dividend Announcement: Pinnacle Financial's board approved a dividend of $0.45617 per share on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A, payable on March 23, 2026, to shareholders of record as of March 15, 2026, demonstrating the company's commitment to shareholder returns.
- Series B Dividend Payment: The firm will also pay a dividend of $0.52481 per share on its Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B, payable on April 1, 2026, with the same record date of March 15, 2026, further enhancing investor confidence.
- Series C Dividend Details: Pinnacle Financial will pay a dividend of $16.88 per share (or $0.422 per depository share) on its Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series C, on March 1, 2026, with a record date of February 14, 2026, reflecting the company's stable financial position.
- Market Position and Recognition: As the largest bank headquartered in Tennessee and the largest bank holding company in Georgia, Pinnacle Financial ranks first in deposit market share in the Nashville MSA and was recognized as No. 9 in FORTUNE magazine's 2025 list of 100 Best Companies to Work For, showcasing its competitive edge and attractiveness in the industry.
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Pinnacle Financial Announces $0.50 Cash Dividend
- Dividend Announcement: Pinnacle Financial's Board of Directors has approved a $0.50 cash dividend per share, to be paid on February 27, 2026, to common shareholders of record as of February 6, 2026, reflecting the company's commitment to shareholder returns.
- Asset Scale: Pinnacle Financial is a regional bank with assets totaling $119.1 billion, offering a full range of banking, investment, trust, mortgage, and insurance products aimed at meeting the comprehensive financial needs of commercial and consumer clients.
- Market Position: As the largest bank headquartered in Tennessee and the largest bank holding company in Georgia, Pinnacle ranks first in deposit market share in the Nashville MSA and fourth in the Atlanta MSA, demonstrating its strong competitive position in the regional market.
- Employer Reputation: Pinnacle Financial is ranked 9th in FORTUNE magazine's 2025 list of 100 Best Companies to Work For in the U.S., marking its ninth consecutive appearance, and has been recognized by American Banker as the 4th Best Bank to Work For in America in 2025, highlighting its status as an employer of choice for financial services professionals.
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