The banking industry closed the day up 1.6%. First Place Financial Corporation ( FPFC), Stewardship Financial Corporation ( SSFN), Provident Community Bancshares Inc ( PCBS), and United Community Banks Inc ( UCBI) were all decliners today within the banking industry with Pinnacle Financial Partners Inc ( PNFP) being today's featured banking loser. Pinnacle Financial Partners Inc fell 8 cents (-0.7%) to $12.29 on average volume. Throughout the day, 249,731 shares of Pinnacle Financial Partners Inc exchanged hands as compared to its average daily volume of 251,400 shares. 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. Pinnacle Financial Partners Inc has a market cap of $406.9 million and is part of the financial sector. The company has a P/E ratio of 41.1, equal to the average banking industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are down 8.9% year to date as of the close of trading on Tuesday. TheStreet Ratings rates Pinnacle Financial as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. However, as a counter to these strengths, we find that revenues have generally been declining.
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