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

Pinnacle Financial Partners, Inc. (NASDAQ:PNFPP) saw a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 3,600 shares, a decrease of 26.5% from the November 15th total of 4,900 shares. Based on an average trading volume of 17,700 shares, the short-interest ratio is presently 0.2 days.

Pinnacle Financial Partners Stock Performance

Shares of NASDAQ PNFPP traded down $0.02 during mid-day trading on Friday, reaching $24.75. 5,047 shares of the company’s stock were exchanged, compared to its average volume of 14,340. Pinnacle Financial Partners has a 52-week low of $22.30 and a 52-week high of $25.16. The company’s 50-day moving average is $24.79 and its 200-day moving average is $24.22.

Pinnacle Financial Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Sunday, December 1st. Shareholders of record on Saturday, November 16th were given a dividend of $0.422 per share. This represents a $1.69 dividend on an annualized basis and a dividend yield of 6.82%. The ex-dividend date was Friday, November 15th.

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.