Pinnacle Financial Partners (NASDAQ:PNFPP) Stock Price Down 0.1%

Posted by Defense World Staff on Aug 31st, 2024

Pinnacle Financial Partners, Inc. (NASDAQ:PNFPP – Get Free Report) dropped 0.1% during mid-day trading on Friday . The company traded as low as $24.03 and last traded at $24.13. Approximately 16,755 shares changed hands during mid-day trading, an increase of 27% from the average daily volume of 13,176 shares. The stock had previously closed at $24.15.

Pinnacle Financial Partners Trading Down 0.1 %

The company’s fifty day moving average is $23.86 and its 200-day moving average is $23.66.

Pinnacle Financial Partners Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, September 1st. Investors of record on Saturday, August 17th will be given a dividend of $0.422 per share. The ex-dividend date is Friday, August 16th. This represents a $1.69 annualized dividend and a yield of 7.00%.

Institutional Trading of Pinnacle Financial Partners

A hedge fund recently bought a new stake in Pinnacle Financial Partners stock. Thompson Investment Management Inc. bought a new stake in Pinnacle Financial Partners, Inc. (NASDAQ:PNFPP – Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,000 shares of the company’s stock, valued at approximately $47,000.

About Pinnacle Financial Partners

(Get Free Report)

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.