Pinnacle Bank (OTCMKTS:PBNK) Stock Price Down 1.6% – What’s Next?

Shares of Pinnacle Bank (OTCMKTS:PBNK) were down 1.6% on Friday . The company traded as low as $16.75 and last traded at $16.75. Approximately 252 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 1,137 shares. The stock had previously closed at $17.02.

Pinnacle Bank Price Performance

The firm has a market cap of $100.00 million, a PE ratio of 20.68 and a beta of 0.27. The business has a 50-day moving average price of $16.63 and a two-hundred day moving average price of $18.15.

Pinnacle Bank (OTCMKTS:PBNK) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $0.22 earnings per share for the quarter. Pinnacle Bank had a return on equity of 4.61% and a net margin of 9.61%.The business had revenue of $8.82 million during the quarter.

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.