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M&T Bank Corp Purchases 20,386 Shares of Pinnacle Financial Partners, Inc. $PNFP
M&T Bank Corp significantly increased its stake in Pinnacle Financial Partners (NYSE:PNFP) by 283.3% in Q4, acquiring 20,386 additional shares to hold a total of 27,583 shares valued at approximately $2.63 million. This comes as several other major institutions have also boosted their positions, with institutional ownership now standing at about 87.4%. Pinnacle Financial Partners recently exceeded quarterly EPS estimates, holds a “Moderate Buy” average analyst rating with a $113.56 price target, and announced a quarterly dividend of $0.50.