Pinnacle Bank (OTCMKTS:PBNK) Trading Up 2% – Here’s What Happened

Pinnacle Bank (OTCMKTS:PBNK) shares were up 2% during trading on Friday . The company traded as high as $18.00 and last traded at $18.00. 1,837 shares changed hands during mid-day trading, a decline of 57% from the average session volume of 4,232 shares. The stock had previously closed at $17.65.

Pinnacle Bank Stock Up 2.0%

The company has a market capitalization of $107.46 million, a P/E ratio of 22.22 and a beta of 0.24. The company has a 50-day moving average of $17.36 and a two-hundred day moving average of $17.52.

Pinnacle Bank (OTCMKTS:PBNK) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $0.22 earnings per share (EPS) for the quarter. The business had revenue of $8.82 million during the quarter. Pinnacle Bank had a return on equity of 4.58% and a net margin of 9.61%.

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. It also provides home equity lines of credit and single family home construction loans; and loans and lines of credit, letters of credit, commercial real estate, and government assisted loans, as well as credit cards.