Short Interest in Pinnacle Financial Partners, Inc. (NASDAQ:PNFPP) Increases By 41.7%

Pinnacle Financial Partners, Inc. (NASDAQ:PNFPP) saw a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 1,700 shares, a growth of 41.7% from the January 31st total of 1,200 shares. Based on an average daily volume of 14,100 shares, the short-interest ratio is currently 0.1 days.

Pinnacle Financial Partners Trading Up 0.6 %

PNFPP stock traded up $0.16 during mid-day trading on Wednesday, reaching $24.92. 9,725 shares of the stock traded hands, compared to its average volume of 12,406. Pinnacle Financial Partners has a one year low of $22.76 and a one year high of $25.29. The business has a 50-day moving average price of $24.86 and a two-hundred day moving average price of $24.67.

Pinnacle Financial Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Friday, February 14th were paid a dividend of $0.422 per share. This represents a $1.69 dividend on an annualized basis and a dividend yield of 6.78%. The ex-dividend date was Friday, February 14th.

About Pinnacle Financial Partners

Pinnacle Financial Partners, Inc, together with its subsidiaries, operates as the bank holding company for Pinnacle Bank that provides various banking products and services to individuals, businesses, and professional entities in the United States. The company accepts various deposits, including savings, noninterest-bearing and interest-bearing checking, money market, and certificate of deposit accounts; and provides treasury management services, which includes online wire origination, enhanced ACH origination services, positive pay, zero balance and sweep accounts, automated bill pay services, electronic receivables processing, lockbox processing, and merchant card acceptance services.