Pinnacle Financial Partners said it has hired Kelvin Kennamer to be a senior vice president and financial advisor at its South Church Street office in Murfreesboro. Kennamer comes to the locally based bank with 23 years of financial services experience. Most recently, he was with Regions Bank as a wealth advisor. Before that, he was a financial advisor for Morgan Stanley.
“Kelvin has an outstanding reputation as a trusted advisor,” said Bill Jones, Pinnacle area executive for Rutherford County, where Pinnacle has eight offices and about a quarter of the deposit market. “He has the background and commitment that we need to deliver distinctive service and effective advice to our clients.”
The trading plan set up this spring by Genesco Chairman, President and CEO Bob Dennis took advantage Monday of the summer rebound in the retailer's shares to unload about 3 percent of his holdings. Dennis grossed almost $570,000 on the sale, which leaves him with about $17 million in direct Genesco holdings.
Other local insiders selling some holdings in the past week include Cynthia Jamison and William Huddleston, directors of Tractor Supply and Pinnacle Financial, respectively. Jamison exercised 4,000 options that would have expired in 2017 and then sold the resulting shares for a profit of almost $300,000. Huddleston, meanwhile, sold 15 percent of his total holdings in downtown-based Pinnacle, swelling his account by almost $200,000.
The pros at investment management giant BlackRock like the look of Pinnacle Financial Partners these days: In the first half of this year, they bought more than 200,000 shares of the largest bank headquartered in Nashville, lifting their stake in Pinnacle to more than 10.1 percent. At the end of 2011, that number was 9.7 percent. Since then, shares of Pinnacle (Ticker: PNFP) have risen more than 20 percent.