Pinnacle Bank (OTCMKTS:PBNK) Shares Up 2% – Here’s What Happened

Pinnacle Bank (OTCMKTS:PBNK)’s share price shot up 2% during trading on Friday . The company traded as high as $18.00 and last traded at $18.00. Approximately 1,837 shares traded hands during trading, a decline of 57% from the average session volume of 4,232 shares. The stock had previously closed at $17.65.

Pinnacle Bank Price Performance

The business has a 50 day moving average of $17.36 and a 200 day moving average of $17.52. The company has a market cap of $107.46 million, a PE ratio of 22.22 and a beta of 0.24.

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 net margin of 9.61% and a return on equity of 4.58%. The business had revenue of $8.82 million for 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.