Curated Wealth Partners LLC Takes $1.01 Million Position in Patriot National Bancorp Inc. $PNBK

Key Points

• Curated Wealth Partners LLC acquired a new stake in Patriot National Bancorp valued at approximately $1.01 million, owning 0.87% of the company as of the latest reporting period.
• Weiss Ratings has reissued a "sell (e+)" rating for Patriot National Bancorp, reflecting a bearish sentiment among analysts who have rated the stock.
• Patriot National Bancorp's stock is currently trading at $1.32, with a market cap of $126.44 million and reported a negative earnings per share of ($0.06) in its last quarterly results.

Curated Wealth Partners LLC purchased a new stake in Patriot National Bancorp Inc. (NASDAQ:PNBK - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 666,667 shares of the bank's stock, valued at approximately $1,013,000. Curated Wealth Partners LLC owned 0.87% of Patriot National Bancorp at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PNBK. Angel Oak Capital Advisors LLC purchased a new stake in Patriot National Bancorp in the first quarter valued at approximately $3,867,000. Virtu Financial LLC purchased a new stake in Patriot National Bancorp during the first quarter valued at about $28,000. Finally, Axxcess Wealth Management LLC purchased a new position in Patriot National Bancorp in the 2nd quarter worth approximately $324,000. Hedge funds and other institutional investors own 39.25% of the company's stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a "sell (e+)" rating on shares of Patriot National Bancorp in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Patriot National Bancorp has an average rating of "Sell".

Patriot National Bancorp Trading Up 3.1%

Shares of NASDAQ PNBK opened at $1.32 on Wednesday. The company has a current ratio of 0.95, a quick ratio of 0.93 and a debt-to-equity ratio of 0.27. The company has a market cap of $126.44 million, a price-to-earnings ratio of -0.14 and a beta of -0.42. Patriot National Bancorp Inc. has a 12-month low of $0.90 and a 12-month high of $7.47. The stock's 50 day simple moving average is $1.47 and its 200 day simple moving average is $2.04.

Patriot National Bancorp (NASDAQ:PNBK - Get Free Report) last released its quarterly earnings results on Thursday, August 14th. The bank reported ($0.06) earnings per share for the quarter. The business had revenue of $6.22 million for the quarter. Patriot National Bancorp had a negative net margin of 76.35% and a negative return on equity of 132.38%.

Patriot National Bancorp Profile

Patriot National Bancorp, Inc operates as the holding company for Patriot Bank, N.A. that provides community banking services to individuals, small and medium-sized businesses, and professionals. The company accepts consumer and commercial deposit accounts, such as checking, interest-bearing negotiable order of withdrawal, money market, time certificates of deposit, savings, prepaid deposit, on-line national money market, individual retirement accounts, and health savings accounts, as well as certificate of deposit account registry service.

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