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

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

Pinnacle Financial Partners Trading Up 0.6 %

PNFPP traded up $0.16 on Wednesday, hitting $24.92. 9,725 shares of the company’s stock were exchanged, compared to its average volume of 12,406. The firm has a 50-day moving average price of $24.86 and a 200-day moving average price of $24.67. Pinnacle Financial Partners has a fifty-two week low of $22.76 and a fifty-two week high of $25.29.

Pinnacle Financial Partners Announces Dividend

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

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.