Pinnacle Financial Reaches New 52-Week High (PNFP)

NEW YORK ( TheStreet) -- Pinnacle Financial Partners (Nasdaq: PNFP) hit a new 52-week high Tuesday as it is currently trading at $18.67, above its previous 52-week high of $18.60 with 14,225 shares traded as of 10:47 a.m. ET. Average volume has been 168,500 shares over the past 30 days.

Pinnacle Financial has a market cap of $641.5 million and is part of the financial sector and banking industry. Shares are up 13.3% 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 14.9, equal to the average banking industry P/E ratio 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, revenue growth and expanding profit margins. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good. You can view the full Pinnacle Financial Ratings Report.

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