Patriot National Bancorp Inc. (NASDAQ:PNBK - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $2.16 and traded as low as $0.96. Patriot National Bancorp shares last traded at $1.00, with a volume of 832,308 shares trading hands.
Analyst Ratings Changes
Separately, Wall Street Zen raised Patriot National Bancorp from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd.
Check Out Our Latest Stock Report on Patriot National Bancorp
Patriot National Bancorp Stock Up 10.9%
The stock has a market capitalization of $81.22 million, a P/E ratio of -0.11 and a beta of -0.48. The company has a current ratio of 0.94, a quick ratio of 0.92 and a debt-to-equity ratio of 0.31. The firm's fifty day moving average is $3.15 and its 200-day moving average is $2.13.
Patriot National Bancorp (NASDAQ:PNBK - Get Free Report) last posted its earnings results on Wednesday, May 14th. The bank reported ($0.21) earnings per share (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%.
Hedge Funds Weigh In On Patriot National Bancorp
A hedge fund recently bought a new stake in Patriot National Bancorp stock. Angel Oak Capital Advisors LLC acquired a new position in shares of Patriot National Bancorp Inc. (NASDAQ:PNBK - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,333,386 shares of the bank's stock, valued at approximately $3,867,000. Patriot National Bancorp comprises about 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 as of its most recent SEC filing. 39.25% of the stock is owned by institutional investors.
Patriot National Bancorp Company Profile
(
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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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