Short Interest in Pinnacle Financial Partners, Inc. (NASDAQ:PNFPP) Drops By 85.4%

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

Pinnacle Financial Partners Stock Performance

PNFPP stock traded down $0.05 during trading hours on Thursday, reaching $24.95. The stock had a trading volume of 2,008 shares, compared to its average volume of 14,333. The stock has a 50-day simple moving average of $25.06 and a 200 day simple moving average of $24.90. Pinnacle Financial Partners has a fifty-two week low of $23.68 and a fifty-two week high of $25.89.

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

Pinnacle Financial Partners Announces Dividend

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

Institutional Trading of Pinnacle Financial Partners

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

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.