Patriot National Bancorp (NASDAQ:PNBK) Share Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Patriot National Bancorp, Inc. (NASDAQ:PNBK - Get Free Report) 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 changing hands.

Patriot National Bancorp Stock Performance

The stock has a market cap of $421.71 million, a price-to-earnings ratio of -0.77 and a beta of -0.22. The stock's fifty day moving average is $2.59 and its 200-day moving average is $2.04. The company has a quick ratio of 0.97, a current ratio of 0.99 and a debt-to-equity ratio of 6.83.

Patriot National Bancorp (NASDAQ:PNBK - Get Free Report) last issued its quarterly earnings data on Wednesday, May 14th. The bank reported ($0.21) earnings per share (EPS) for the quarter. The firm had revenue of $6.68 million for the quarter. Patriot National Bancorp had a negative net margin of 45.58% and a negative return on equity of 81.22%.

Insider Activity

In other news, President Steven Sugarman purchased 7,019,978 shares of the company's stock in a transaction on Thursday, March 20th. The shares were purchased at an average cost of $0.75 per share, with a total value of $5,264,983.50. Following the completion of the transaction, the president now owns 7,019,978 shares of the company's stock, valued at $5,264,983.50. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 13.60% of the company's stock.

Hedge Funds Weigh In On Patriot National Bancorp

A hedge fund recently bought a new stake in Patriot National Bancorp stock. Virtu Financial LLC acquired a new position in shares of Patriot National Bancorp, Inc. (NASDAQ:PNBK - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 23,763 shares of the bank's stock, valued at approximately $28,000. Institutional investors and hedge funds own 39.25% of the company's stock.

Patriot National Bancorp Company 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.