Patriot National Bancorp, Inc. (NASDAQ:PNBK - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $2.22 and traded as high as $3.42. Patriot National Bancorp shares last traded at $1.68, with a volume of 3,867,256 shares.
Analyst Ratings Changes
Separately, Wall Street Zen upgraded shares of Patriot National Bancorp from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd.
Check Out Our Latest Research Report on PNBK
Patriot National Bancorp Price Performance
The company has a debt-to-equity ratio of 6.83, a quick ratio of 0.97 and a current ratio of 0.99. The firm has a market cap of $109.05 million, a P/E ratio of -0.19 and a beta of -0.22. The company has a 50-day moving average of $3.21 and a 200 day moving average of $2.21.
Patriot National Bancorp (NASDAQ:PNBK - Get Free Report) last released its quarterly earnings data on Wednesday, May 14th. The bank reported ($0.21) earnings per share (EPS) for the quarter. The company 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%.
Insider Transactions at Patriot National Bancorp
In other Patriot National Bancorp news, President Steven Sugarman purchased 7,019,978 shares of the company's stock in a transaction that occurred on Thursday, March 20th. The stock was purchased at an average cost of $0.75 per share, with a total value of $5,264,983.50. Following the acquisition, the president now directly owns 7,019,978 shares of the company's stock, valued at approximately $5,264,983.50. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 13.60% of the stock is owned by insiders.
Hedge Funds Weigh In On Patriot National Bancorp
An institutional investor recently bought a new position in Patriot National Bancorp stock. Angel Oak Capital Advisors LLC purchased a new stake in Patriot National Bancorp, Inc. (NASDAQ:PNBK - Free Report) in the first quarter, according to its most recent disclosure 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 comprises 5.2% of Angel Oak Capital Advisors LLC's holdings, making the stock its 3rd biggest holding. Angel Oak Capital Advisors LLC owned about 4.52% of Patriot National Bancorp at the end of the most recent quarter. 39.25% of the stock is owned by institutional investors.
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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