Pinnacle Financial Partners (NASDAQ:PNFPP) Stock Price Down 0.2% – Here’s Why

Shares of Pinnacle Financial Partners, Inc. (NASDAQ:PNFPP) were down 0.2% during mid-day trading on Thursday . The company traded as low as $25.10 and last traded at $25.12. Approximately 1,237 shares were traded during trading, a decline of 92% from the average daily volume of 16,444 shares. The stock had previously closed at $25.17.

Pinnacle Financial Partners Stock Down 0.2%

The firm has a fifty day moving average price of $24.94 and a 200 day moving average price of $24.54.

Pinnacle Financial Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 1st. Shareholders of record on Sunday, August 17th were given a dividend of $0.422 per share. This represents a $1.69 annualized dividend and a dividend yield of 6.7%. The ex-dividend date was Friday, August 15th.

Institutional Trading of Pinnacle Financial Partners

A hedge fund recently bought a new stake in Pinnacle Financial Partners stock. Wealth Preservation Advisors LLC acquired a new position in shares of Pinnacle Financial Partners, Inc. (NASDAQ:PNFPP) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,000 shares of the company’s stock, valued at approximately $48,000.

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.