Pinnacle Financial Partners, Inc. logo PNFP - Pinnacle Financial Partners, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY 0
BUY 14
HOLD 7
SELL 0
STRONG
SELL 0
| PRICE TARGET: $117.33 DETAILS
HIGH: $135.00
LOW: $109.00
MEDIAN: $115.00
CONSENSUS: $117.33
UPSIDE: 20.77%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Banks, Insurers & Asset Managers 85% confidence

Primary model: P/Tangible Book × ROE Quality

Valuation Signal Fair Value Mild
Trading 11.4% below fair value
Current Price $97.15
Bear Case $76.76 21.0% downside ($76.76 - $97.15) / $97.15 = -21.0% ROTCE 9.3% → 0.87x TBV
Fair Value $109.66 12.9% upside ($109.66 - $97.15) / $97.15 = 12.9% ROTCE 12.4% → 1.38x TBV
Bull Case $142.55 46.7% upside ($142.55 - $97.15) / $97.15 = 46.7% ROTCE 14.3% → 1.68x TBV

Adjust Assumptions

12.4%
10.1%

Key Value Driver

ROTCE (12.4%) vs. cost of equity (10.1%)

Implied Market Multiple 1.45x

Plain-Language Summary

Our base-case estimate uses P/Tangible Book × ROE Quality. We then blend that result with the average analyst price target of $117.33 from 21 analysts, using a 25% weight on analyst consensus. That produces an estimated intrinsic value of $109.66 per share.

Warnings

⚠ Traditional cash flow models don't work well for banks — lending activity distorts how much cash the business actually generates.
⚠ Common valuation shortcuts don't apply here — for banks, interest payments are a core business cost, not overhead.

Key Risks

  • Book value quality matters as much as level — check loan loss reserves
  • Interest rate sensitivity creates non-linear earnings surprises
  • Insurance reserving is actuarial, not financial — errors emerge slowly