Pinnacle Financial Rises On Unusually High Volume (PNFP)
Pinnacle Financial Partners (Nasdaq:PNFP) is trading at unusually high volume Friday with 1.5 million shares changing hands. It is currently at 5.7 times its average daily volume and trading up 37 cents (+2.6%).
NEW YORK ( TheStreet) -- Pinnacle Financial Partners (Nasdaq: PNFP) is trading at unusually high volume Friday with 1.5 million shares changing hands. It is currently at 5.7 times its average daily volume and trading up 37 cents (+2.6%) at $14.82 as of four p.m. ET. Pinnacle Financial has a market cap of $463.4 million and is part of the financial sector and banking industry. Shares are down 0% year to date as of the close of trading on Thursday. 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 13.7, below the average banking industry P/E ratio of 46.8 and below the S&P 500 P/E ratio of 17.7. 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. You can view the full Pinnacle Financial Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Interested in other stocks that are rising on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVUP to 95370 or select from multiple alert options.