Pinnacle Financial Partners (NASDAQ:PNFPP) Shares Up 0.2% – Should You Buy?

Pinnacle Financial Partners, Inc. (NASDAQ:PNFPP) shares shot up 0.2% during trading on Thursday . The stock traded as high as $25.00 and last traded at $24.98. 13,873 shares traded hands during mid-day trading, an increase of 11% from the average session volume of 12,544 shares. The stock had previously closed at $24.93.

Pinnacle Financial Partners Price Performance

The firm has a 50-day moving average price of $24.81 and a 200 day moving average price of $24.58.

Pinnacle Financial Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Investors of record on Friday, February 14th will be given a dividend of $0.422 per share. The ex-dividend date is Friday, February 14th. This represents a $1.69 dividend on an annualized basis and a yield of 6.85%.

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.