Pinnacle Financial Reaches New 52-Week High (PNFP)

NEW YORK ( TheStreet) -- Pinnacle Financial Partners (Nasdaq: PNFP) hit a new 52-week high Friday as it is currently trading at $18.55, above its previous 52-week high of $18.50 with 2,799 shares traded as of 9:30 a.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 14% 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 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 16.9, above 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 compelling growth in net income, expanding profit margins and solid stock price performance. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. You can view the full Pinnacle Financial Ratings Report.

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