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NEW YORK ( TheStreet) -- Pinnacle Financial Partners (Nasdaq: PNFP) hit a new 52-week high Tuesday as it is currently trading at $17.71, above its previous 52-week high of $17.68 with 114,777 shares traded as of 3:30 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 7.4% year to date as of the close of trading on Monday. Pinnacle Financial Partners, Inc. operates as the bank holding company for Pinnacle National Bank that provides commercial banking products and services to individuals, small-to medium-sized businesses, and professional entities in Tennessee. The company has a P/E ratio of 15.9, above the average banking industry P/E ratio of 15.6 and below the S&P 500 P/E ratio of 17.7.