Shares of Patriot National Bancorp Inc. (NASDAQ:PNBK - Get Free Report) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $2.11 and traded as low as $1.08. Patriot National Bancorp shares last traded at $1.21, with a volume of 1,028,571 shares.
Analysts Set New Price Targets
Separately, Wall Street Zen upgraded Patriot National Bancorp from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd.
View Our Latest Analysis on PNBK
Patriot National Bancorp Price Performance
The firm has a market cap of $92.27 million, a PE ratio of -0.12 and a beta of -0.48. The company has a quick ratio of 0.92, a current ratio of 0.94 and a debt-to-equity ratio of 0.31. The stock has a 50 day moving average price of $3.13 and a two-hundred day moving average price of $2.11.
Patriot National Bancorp (NASDAQ:PNBK - Get Free Report) last issued its earnings results on Wednesday, May 14th. The bank reported ($0.21) EPS for the quarter. The firm had revenue of $6.68 million during the quarter. Patriot National Bancorp had a negative net margin of 70.89% and a negative return on equity of 149.65%.
Institutional Investors 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 Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,333,386 shares of the bank's stock, valued at approximately $3,867,000. Patriot National Bancorp accounts for approximately 5.2% of Angel Oak Capital Advisors LLC's portfolio, making the stock its 3rd biggest position. Angel Oak Capital Advisors LLC owned approximately 4.52% of Patriot National Bancorp at the end of the most recent reporting period. 39.25% of the stock is owned by hedge funds and other institutional investors.
Patriot National Bancorp Company Profile
(
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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