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

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

Pinnacle Financial Partners Stock Up 0.4 %

NASDAQ PNFPP traded up $0.10 during trading hours on Thursday, reaching $24.95. 5,546 shares of the company’s stock were exchanged, compared to its average volume of 12,097. The firm has a fifty day moving average of $24.89 and a 200-day moving average of $24.70. Pinnacle Financial Partners has a one year low of $22.76 and a one year high of $25.29.

Pinnacle Financial Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Stockholders of record on Friday, February 14th were issued a dividend of $0.422 per share. This represents a $1.69 annualized dividend and a dividend yield of 6.77%. The ex-dividend date of this dividend was Friday, February 14th.

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.