Pinnacle Bank (OTCMKTS:PBNK) Shares Climb 0.3% – What’s Next?

Pinnacle Bank (OTCMKTS:PBNK) rose 0.3% during mid-day trading on Monday. The company traded as high as $18.36 and last traded at $18.36. Approximately 4,000 shares were traded during trading, an increase of 151% from the average daily volume of 1,596 shares. The stock had previously closed at $18.3025.

Pinnacle Bank Stock Performance

The firm’s 50 day moving average is $18.42 and its 200 day moving average is $17.74. The stock has a market cap of $109.61 million, a P/E ratio of 26.23 and a beta of 0.24.

Pinnacle Bank (OTCMKTS:PBNK) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.25 earnings per share for the quarter. The business had revenue of $8.19 million for the quarter. Pinnacle Bank had a return on equity of 3.88% and a net margin of 8.42%.

About Pinnacle Bank

Pinnacle Bank is a community banking institution based in Altavista, Virginia. It provides personal and business banking services through a network serving communities in central and southern Virginia.

The bank offers deposit products such as checking and savings accounts, money market accounts, certificates of deposit and individual retirement accounts. Its lending activities include residential and commercial real estate loans, consumer financing, business loans and agricultural lending.