Pinnacle Bank (OTCMKTS:PBNK) Announces Quarterly Earnings Results

Pinnacle Bank (OTCMKTS:PBNK) released its quarterly earnings results on Thursday. The company reported $0.05 earnings per share (EPS) for the quarter, Zacks reports. Pinnacle Bank had a net margin of 16.62% and a return on equity of 8.37%. The business had revenue of $8.93 million for the quarter.

Pinnacle Bank Stock Down 1.3%

Shares of PBNK traded down $0.25 during mid-day trading on Friday, hitting $18.75. 7,075 shares of the company traded hands, compared to its average volume of 2,181. Pinnacle Bank has a 1-year low of $17.16 and a 1-year high of $20.95. The company has a market capitalization of $111.17 million, a PE ratio of 21.80 and a beta of 0.24. The business has a 50 day moving average of $19.22 and a 200 day moving average of $19.92.

About Pinnacle Bank

Pinnacle Bank, a commercial bank, provides various depository and credit services in Santa Clara, San Benito, and Monterey counties. The company offers checking, savings, money market, sweep, and individual retirement accounts, as well as certificates of deposit and certificates of deposit account registry services. It also provides home equity lines of credit and single family home construction loans; and loans and lines of credit, letters of credit, commercial real estate, and government assisted loans, as well as credit cards.