Patriot National Bancorp, Inc. (NASDAQ:PNBK - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.92 and traded as high as $5.95. Patriot National Bancorp shares last traded at $5.39, with a volume of 657,816 shares.
Patriot National Bancorp Trading Up 5.0%
The company has a debt-to-equity ratio of 6.83, a current ratio of 0.99 and a quick ratio of 0.97. The business has a 50 day moving average of $2.59 and a 200 day moving average of $2.04. The firm has a market capitalization of $421.71 million, a price-to-earnings ratio of -0.77 and a beta of -0.22.
Patriot National Bancorp (NASDAQ:PNBK - Get Free Report) last posted its earnings results on Wednesday, May 14th. The bank reported ($0.21) earnings per share for the quarter. The business had revenue of $6.68 million for the quarter. Patriot National Bancorp had a negative return on equity of 81.22% and a negative net margin of 45.58%.
Insiders Place Their Bets
In other news, President Steven Sugarman purchased 7,019,978 shares of the business's stock in a transaction dated Thursday, March 20th. The shares were bought at an average cost of $0.75 per share, for a total transaction of $5,264,983.50. Following the completion of the acquisition, the president now directly owns 7,019,978 shares in the company, valued at approximately $5,264,983.50. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 13.60% of the company's stock.
Institutional Trading of Patriot National Bancorp
A hedge fund recently bought a new stake in Patriot National Bancorp stock. Angel Oak Capital Advisors LLC purchased a new stake in Patriot National Bancorp, Inc. (NASDAQ:PNBK - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,333,386 shares of the bank's stock, valued at approximately $3,867,000. Patriot National Bancorp makes up approximately 5.2% of Angel Oak Capital Advisors LLC's investment portfolio, making the stock its 3rd largest holding. Angel Oak Capital Advisors LLC owned approximately 4.52% of Patriot National Bancorp at the end of the most recent quarter. 39.25% of the stock is currently owned by institutional investors and hedge funds.
About Patriot National Bancorp
(
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.
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