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

Pinnacle Financial Partners, Inc. (NASDAQ:PNFPP) saw a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 1,300 shares, a growth of 333.3% from the February 28th total of 300 shares. Based on an average daily trading volume, of 13,700 shares, the days-to-cover ratio is presently 0.1 days.

Pinnacle Financial Partners Stock Up 0.4 %

Shares of PNFPP stock opened at $24.54 on Friday. The company has a 50-day moving average of $24.89 and a two-hundred day moving average of $24.75. Pinnacle Financial Partners has a 1-year low of $22.76 and a 1-year high of $25.29.

Pinnacle Financial Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Friday, February 14th were issued a $0.422 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.69 annualized dividend and a yield of 6.88%.

Pinnacle Financial Partners Company Profile

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.