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

Pinnacle Financial Partners, Inc. (NASDAQ:PNFPP) was the target of a large increase in short interest in 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 presently 0.1 days.

Pinnacle Financial Partners Price Performance

Shares of PNFPP traded down $0.30 on Monday, hitting $24.95. 18,250 shares of the stock traded hands, compared to its average volume of 12,604. Pinnacle Financial Partners has a one year low of $22.76 and a one year high of $25.29. The business has a 50 day simple moving average of $24.86 and a 200 day simple moving average of $24.66.

Pinnacle Financial Partners Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 6.77%. The ex-dividend date 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.