Pinnacle Bank (OTCMKTS:PBNK) Shares Down 1.5% – Here’s Why

Pinnacle Bank (OTCMKTS:PBNK) dropped 1.5% on Monday . The stock traded as low as $16.25 and last traded at $16.25. Approximately 3,097 shares traded hands during trading, an increase of 111% from the average daily volume of 1,471 shares. The stock had previously closed at $16.50.

Pinnacle Bank Stock Down 0.6%

The firm has a 50 day moving average price of $18.09 and a 200 day moving average price of $19.22. The stock has a market cap of $95.32 million, a P/E ratio of 17.59 and a beta of 0.29.

Pinnacle Bank (OTCMKTS:PBNK) last announced its quarterly earnings data on Thursday, January 29th. The company reported $0.05 earnings per share (EPS) for the quarter. The company had revenue of $8.93 million during the quarter. Pinnacle Bank had a return on equity of 5.25% and a net margin of 10.76%.

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.