Pinnacle Financial Partners (NASDAQ:PNFPP) Shares Down 0.5% – Time to Sell?

Shares of Pinnacle Financial Partners, Inc. (NASDAQ:PNFPP) fell 0.5% during trading on Monday . The stock traded as low as $25.06 and last traded at $25.09. 6,279 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 15,217 shares. The stock had previously closed at $25.22.

Pinnacle Financial Partners Price Performance

The company has a 50 day moving average of $25.11 and a 200 day moving average of $24.69.

Pinnacle Financial Partners (NASDAQ:PNFPP) last announced its quarterly earnings results on Monday, April 18th. The company reported $1.58 EPS for the quarter. The company had revenue of $304.43 million during the quarter.

Pinnacle Financial Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Sunday, November 16th will be paid a $0.422 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $1.69 annualized dividend and a yield of 6.7%.

Institutional Trading of Pinnacle Financial Partners

An institutional investor recently bought a new position in Pinnacle Financial Partners stock. Asset Planning Inc purchased a new stake in Pinnacle Financial Partners, Inc. (NASDAQ:PNFPP) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,323 shares of the company’s stock, valued at approximately $104,000.

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.