Patriot National Bancorp Inc. (NASDAQ:PNBK - Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.07 and traded as low as $1.42. Patriot National Bancorp shares last traded at $1.47, with a volume of 425,825 shares traded.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded Patriot National Bancorp from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd.
Read Our Latest Research Report on PNBK
Patriot National Bancorp Stock Performance
The stock has a 50 day moving average price of $2.84 and a two-hundred day moving average price of $2.06. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.94 and a quick ratio of 0.92. The company has a market capitalization of $112.10 million, a price-to-earnings ratio of -0.14 and a beta of -0.46.
Patriot National Bancorp (NASDAQ:PNBK - Get Free Report) last issued its quarterly earnings data on Wednesday, May 14th. The bank reported ($0.21) EPS for the quarter. Patriot National Bancorp had a negative return on equity of 149.65% and a negative net margin of 70.89%. The company had revenue of $6.68 million for the quarter.
Institutional Trading of Patriot National Bancorp
A hedge fund recently bought a new stake in Patriot National Bancorp stock. Angel Oak Capital Advisors LLC acquired a new stake in Patriot National Bancorp Inc. (NASDAQ:PNBK - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 3,333,386 shares of the bank's stock, valued at approximately $3,867,000. Patriot National Bancorp comprises approximately 5.2% of Angel Oak Capital Advisors LLC's holdings, making the stock its 3rd largest holding. Angel Oak Capital Advisors LLC owned about 4.52% of Patriot National Bancorp as of its most recent filing with the SEC. 39.25% of the stock is currently owned by institutional investors and hedge funds.
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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