Short Interest in Pinnacle Bank (OTCMKTS:PBNK) Declines By 25.0%

Pinnacle Bank (OTCMKTS:PBNK) was the recipient of a significant drop in short interest during the month of September. As of September 15th, there was short interest totalling 600 shares, a drop of 25.0% from the August 31st total of 800 shares. Based on an average daily volume of 4,300 shares, the days-to-cover ratio is presently 0.1 days.

Pinnacle Bank Stock Performance

Shares of PBNK remained flat at $19.14 during mid-day trading on Friday. 580 shares of the company traded hands, compared to its average volume of 1,716. Pinnacle Bank has a 52-week low of $12.85 and a 52-week high of $19.14. The stock has a market cap of $111.97 million, a PE ratio of 9.52 and a beta of 0.59. The firm’s fifty day simple moving average is $18.15 and its 200 day simple moving average is $16.75.

Pinnacle Bank (OTCMKTS:PBNK) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.46 EPS for the quarter. The company had revenue of $10.20 million during the quarter. Pinnacle Bank had a net margin of 21.15% and a return on equity of 12.92%.

About Pinnacle Bank

Pinnacle Bank, a commercial bank, provides various depository and credit services in Santa Clara, San Benito, and Monterey counties. The company offers checking, savings, money market, sweep, and individual retirement accounts, as well as certificates of deposit and certificates of deposit account registry services.