Patriot National Bancorp (NASDAQ:PNBK) Announces Quarterly Earnings Results

Patriot National Bancorp (NASDAQ:PNBK) issued its quarterly earnings data on Tuesday. The bank reported ($2.40) earnings per share (EPS) for the quarter, Zacks reports. Patriot National Bancorp had a negative net margin of 45.58% and a negative return on equity of 81.22%.

Patriot National Bancorp Price Performance

NASDAQ:PNBK traded up $0.12 on Tuesday, reaching $1.56. The stock had a trading volume of 120,106 shares, compared to its average volume of 364,670. The company has a market capitalization of $6.20 million, a P/E ratio of -0.21 and a beta of 0.07. The stock has a fifty day moving average price of $1.30 and a 200-day moving average price of $1.65. The company has a quick ratio of 0.97, a current ratio of 0.99 and a debt-to-equity ratio of 6.83. Patriot National Bancorp has a 1-year low of $0.99 and a 1-year high of $4.01.

Insider Transactions at Patriot National Bancorp

In related news, President Steven Sugarman acquired 7,019,978 shares of the stock in a transaction on Thursday, March 20th. The stock was purchased at an average price of $0.75 per share, for a total transaction of $5,264,983.50. Following the transaction, the president now owns 7,019,978 shares of the company’s stock, valued at $5,264,983.50. The trade was a ? increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 13.60% of the stock is owned by company insiders.

About Patriot National Bancorp

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.