Pinnacle Financial Reaches New 52-Week High (PNFP)

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.

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.

See all 52-week high stocks or get investment ideas from our investment research center.

null

More from Markets

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%