Pinnacle Financial Partners, Inc. (NASDAQ:PNFPP) Short Interest Update

Pinnacle Financial Partners, Inc. (NASDAQ:PNFPP) was the target of a large decrease in short interest during the month of December. As of December 15th, there was short interest totaling 618 shares, a decrease of 85.4% from the November 30th total of 4,239 shares. Based on an average trading volume of 7,824 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 7,824 shares, the short-interest ratio is currently 0.1 days.

Pinnacle Financial Partners Trading Down 0.2%

Shares of Pinnacle Financial Partners stock traded down $0.05 during trading on Wednesday, hitting $24.95. 2,008 shares of the company’s stock were exchanged, compared to its average volume of 14,333. The business has a 50-day simple moving average of $25.06 and a 200-day simple moving average of $24.89. Pinnacle Financial Partners has a 52-week low of $23.68 and a 52-week high of $25.89.

Pinnacle Financial Partners (NASDAQ:PNFPP) last announced its quarterly earnings results on Monday, April 18th. The company reported $1.58 earnings per share for the quarter. The company had revenue of $304.43 million for the quarter.

Pinnacle Financial Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Sunday, November 16th were given a dividend of $0.422 per share. This represents a $1.69 annualized dividend and a yield of 6.8%. The ex-dividend date was Friday, November 14th.

Institutional Investors Weigh In On Pinnacle Financial Partners

An institutional investor recently bought a new position in Pinnacle Financial Partners stock. Wealth Preservation Advisors LLC bought a new stake in shares of Pinnacle Financial Partners, Inc. (NASDAQ:PNFPP) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,000 shares of the company’s stock, valued at approximately $48,000.

About Pinnacle Financial Partners

Pinnacle Financial Partners is a bank holding company headquartered in Nashville, Tennessee, offering commercial banking and wealth management services to businesses and individuals. Since its founding in 2000, Pinnacle has focused on delivering personalized financial solutions backed by local decision-making. The company operates under a centralized banking model, combining the resources of a regional institution with the responsiveness of a community bank.

The company’s core business activities include commercial lending, treasury management, and deposit services designed for small to middle-market enterprises, professional practices and real estate investors.