Pinnacle Financial Partners, Inc. (NASDAQ:PNFPP – Get Free Report) saw a significant increase in short interest in December. As of December 31st, there was short interest totaling 2,228 shares, an increase of 260.5% from the December 15th total of 618 shares. Based on an average daily volume of 10,666 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 10,666 shares, the days-to-cover ratio is currently 0.2 days.
Pinnacle Financial Partners Trading Down 0.2%
Shares of Pinnacle Financial Partners stock traded down $0.06 during trading hours on Tuesday, reaching $25.04. 15,754 shares of the company’s stock were exchanged, compared to its average volume of 14,238. The company has a 50 day moving average of $25.03 and a two-hundred day moving average of $24.98. Pinnacle Financial Partners has a fifty-two week low of $23.68 and a fifty-two week high of $25.89.
Pinnacle Financial Partners Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Sunday, November 16th were given a $0.422 dividend. This represents a $1.69 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date was Friday, November 14th.
Pinnacle Financial Partners Company Profile
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.
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