Pinnacle Financial Partners (NASDAQ:PNFPP) Trading 0.7% Higher – Here’s What Happened

Pinnacle Financial Partners, Inc. (NASDAQ:PNFPPGet Free Report) shares traded up 0.7% during trading on Wednesday . The company traded as high as $25.27 and last traded at $25.17. 9,526 shares changed hands during mid-day trading, a decline of 34% from the average session volume of 14,438 shares. The stock had previously closed at $25.00.

Pinnacle Financial Partners Stock Up 0.7%

The stock’s 50 day moving average is $25.07 and its 200 day moving average is $24.86.

Pinnacle Financial Partners (NASDAQ:PNFPPGet Free Report) last issued its quarterly earnings data on Monday, April 18th. The company reported $1.58 earnings per share (EPS) for the quarter. The company had revenue of $304.43 million for the quarter.

Pinnacle Financial Partners Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Sunday, November 16th were issued a dividend of $0.422 per share. This represents a $1.69 annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend was Friday, November 14th.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Pinnacle Financial Partners stock. Wealth Preservation Advisors LLC bought a new position in shares of Pinnacle Financial Partners, Inc. (NASDAQ:PNFPPFree Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,000 shares of the company’s stock, valued at approximately $48,000.

Pinnacle Financial Partners Company Profile

(Get Free Report)

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.

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