Pinnacle Financial Partners, Inc. (NASDAQ:PNFPP) Short Interest Down 82.4% in February

Pinnacle Financial Partners, Inc. (NASDAQ:PNFPP) was the recipient of a significant decline in short interest in February. As of February 28th, there was short interest totalling 300 shares, a decline of 82.4% from the February 13th total of 1,700 shares. Based on an average trading volume of 13,900 shares, the short-interest ratio is currently 0.0 days.

Pinnacle Financial Partners Stock Down 0.1 %

Pinnacle Financial Partners stock traded down $0.02 during midday trading on Wednesday, hitting $24.75. 6,537 shares of the company’s stock were exchanged, compared to its average volume of 12,199. The firm has a 50-day moving average of $24.88 and a two-hundred day moving average of $24.70. Pinnacle Financial Partners has a 12 month low of $22.76 and a 12 month high of $25.29.

Pinnacle Financial Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Friday, February 14th were given a $0.422 dividend. This represents a $1.69 annualized dividend and a dividend yield of 6.82%. The ex-dividend date of this dividend was Friday, February 14th.

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.