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TheStreet Wire

Pinnacle Financial Reaches New 52-Week High (PNFP)

By TheStreet Wire 02/02/12 - 12:51 PM EST

Find out if (PNFP) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- Pinnacle Financial Partners (Nasdaq:PNFP) hit a new 52-week high Thursday as it is currently trading at $17.39, above its previous 52-week high of $17.38 with 108,593 shares traded as of 12:29 p.m. ET. Average volume has been 278,800 shares over the past 30 days.

Pinnacle Financial has a market cap of $583.3 million and is part of the financial sector and banking industry. Shares are up 6% year to date as of the close of trading on Wednesday.

Pinnacle Financial Partners, Inc. operates as the bank holding company for Pinnacle National Bank, which provides commercial banking services to individuals, small-to medium-sized businesses, and professional entities in Tennessee. The company has a P/E ratio of 15.4, below the average banking industry P/E ratio of 15.6 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Pinnacle Financial as a hold. The company's strengths can be seen in multiple areas, such as its expanding profit margins, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive. You can view the full Pinnacle Financial Ratings Report.

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