Shares of Patriot National Bancorp Inc. (NASDAQ:PNBK - Get Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.01 and traded as low as $1.42. Patriot National Bancorp shares last traded at $1.44, with a volume of 126,652 shares changing hands.
Patriot National Bancorp Price Performance
The stock has a market cap of $136.98 million, a price-to-earnings ratio of -0.15 and a beta of -0.46. The company has a 50-day moving average of $1.54 and a 200-day moving average of $2.02. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.93 and a current ratio of 0.95.
Patriot National Bancorp (NASDAQ:PNBK - Get Free Report) last issued its quarterly earnings results on Thursday, August 14th. The bank reported ($0.06) earnings per share (EPS) for the quarter. The company had revenue of $6.22 million during the quarter. Patriot National Bancorp had a negative net margin of 76.35% and a negative return on equity of 132.38%.
Hedge Funds Weigh In On Patriot National Bancorp
Institutional investors have recently added to or reduced their stakes in the stock. Angel Oak Capital Advisors LLC acquired a new position in Patriot National Bancorp in the 1st quarter valued at about $3,867,000. Virtu Financial LLC purchased a new stake in Patriot National Bancorp in the 1st quarter valued at approximately $28,000. Invesco Ltd. purchased a new stake in Patriot National Bancorp in the 2nd quarter valued at approximately $35,000. JPMorgan Chase & Co. purchased a new stake in Patriot National Bancorp in the 2nd quarter valued at approximately $32,000. Finally, Beacon Pointe Advisors LLC purchased a new stake in Patriot National Bancorp in the 2nd quarter valued at approximately $158,000. Institutional investors and hedge funds own 39.25% of the company's stock.
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.
Recommended Stories
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 Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
