Patriot National Bancorp (NASDAQ:PNBK - Get Free Report)'s stock had its "sell (e+)" rating restated by stock analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.
Patriot National Bancorp Trading Up 0.8%
Shares of PNBK stock opened at $1.30 on Wednesday. Patriot National Bancorp has a 12 month low of $0.90 and a 12 month high of $7.47. The company has a quick ratio of 0.93, a current ratio of 0.95 and a debt-to-equity ratio of 0.27. The business's 50 day moving average is $1.50 and its two-hundred day moving average is $2.04. The company has a market cap of $124.53 million, a PE ratio of -0.14 and a beta of -0.42.
Patriot National Bancorp (NASDAQ:PNBK - Get Free Report) last announced its quarterly earnings results on Thursday, August 14th. The bank reported ($0.06) EPS for the quarter. Patriot National Bancorp had a negative net margin of 76.35% and a negative return on equity of 132.38%. The company had revenue of $6.22 million for the quarter.
Hedge Funds Weigh In On Patriot National Bancorp
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Suncoast Equity Management acquired a new stake in shares of Patriot National Bancorp in the second quarter worth $28,000. Elyxium Wealth LLC acquired a new stake in shares of Patriot National Bancorp in the second quarter worth $32,000. JPMorgan Chase & Co. acquired a new stake in shares of Patriot National Bancorp in the second quarter worth $32,000. Intech Investment Management LLC acquired a new stake in shares of Patriot National Bancorp in the second quarter worth $34,000. Finally, Invesco Ltd. acquired a new stake in shares of Patriot National Bancorp in the second quarter worth $35,000. Institutional investors and hedge funds own 39.25% of the company's stock.
Patriot National Bancorp Company Profile
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Patriot National Bancorp, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Patriot National Bancorp wasn't on the list.
While Patriot National Bancorp currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
