Patriot National Bancorp (NASDAQ:PNBK) Stock Passes Above Two Hundred Day Moving Average - Here's Why

Patriot National Bancorp, Inc. (NASDAQ:PNBK - Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.82 and traded as high as $4.35. Patriot National Bancorp shares last traded at $4.32, with a volume of 121,727 shares.

Patriot National Bancorp Stock Up 12.5 %

The company has a market capitalization of $298.59 million, a PE ratio of -0.55 and a beta of -0.22. The company has a quick ratio of 0.97, a current ratio of 0.99 and a debt-to-equity ratio of 6.83. The stock has a 50-day moving average of $1.98 and a 200 day moving average of $1.86.

Patriot National Bancorp (NASDAQ:PNBK - Get Free Report) last announced its quarterly earnings results on Tuesday, April 15th. The bank reported ($2.40) EPS for the quarter. The business had revenue of $6.59 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 Buying and Selling at Patriot National Bancorp

In other news, President Steven Sugarman acquired 7,019,978 shares of the firm's stock in a transaction on Thursday, March 20th. The stock was acquired at an average price of $0.75 per share, for a total transaction of $5,264,983.50. Following the completion of the acquisition, the president now owns 7,019,978 shares in the company, valued at $5,264,983.50. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 13.60% of the company's stock.

About Patriot National Bancorp

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.