According to the ETF Finder at ETF Channel, PNFP makes up 2.83% of the KBW Regional Banking Portfolio ETF (KBWR) which is higher by about 0.9% on the day Friday.
In afternoon trading Friday, PNFP was up about 1.4% on the day.
The transaction allows Nashville, Tenn.-based Pinnacle to expand into neighboring Virginia, North Carolina and South Carolina.
CELP CPLP PNFP are going ex-dividend Wednesday, Wednesday, August 03, 2016
Pinnacle Financial Partners (PNFP) was upgraded to "overweight" by Piper Jaffray given the company's aggressive hiring technique.
Here are Tuesday's top research calls, including downgrades for Energizer and HollyFrontier, and upgrades for Oracle and Pinnacle Foods.