Pinnacle Bank (OTCMKTS:PBNK) Trading Up 1.5% – Here’s What Happened

Shares of Pinnacle Bank (OTCMKTS:PBNK) shot up 1.5% during trading on Friday . The stock traded as high as $17.25 and last traded at $17.25. 800 shares changed hands during trading, a decline of 48% from the average session volume of 1,527 shares. The stock had previously closed at $17.00.

Pinnacle Bank Stock Performance

The stock has a market capitalization of $102.98 million, a P/E ratio of 21.30 and a beta of 0.26. The company’s fifty day simple moving average is $16.72 and its two-hundred day simple moving average is $17.83.

Pinnacle Bank (OTCMKTS:PBNK) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $0.22 earnings per share (EPS) for the quarter. Pinnacle Bank had a return on equity of 4.58% and a net margin of 9.61%.The company had revenue of $8.82 million during the quarter.

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.