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

Pinnacle Financial Partners, Inc. (NASDAQ:PNFPP) saw a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 300 shares, a drop 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 Down 0.1 %

Pinnacle Financial Partners stock traded down $0.02 during midday trading on Wednesday, hitting $24.75. 6,537 shares of the company were exchanged, compared to its average volume of 12,199. Pinnacle Financial Partners has a fifty-two week low of $22.76 and a fifty-two week high of $25.29. The business has a fifty day simple moving average of $24.88 and a two-hundred day simple moving average of $24.70.

Pinnacle Financial Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Friday, February 14th were given a dividend of $0.422 per share. The ex-dividend date was Friday, February 14th. This represents a $1.69 dividend on an annualized basis and a yield of 6.82%.

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.