ValuEngine Upgrades Patriot National Bancorp (NASDAQ:PNBK) to Hold

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Patriot National Bancorp (NASDAQ:PNBK) was upgraded by research analysts at ValuEngine from a “sell” rating to a “hold” rating in a report released on Tuesday, ValuEngine reports.

Separately, TheStreet cut shares of Patriot National Bancorp from a “c” rating to a “d+” rating in a research report on Tuesday, September 3rd.

Patriot National Bancorp stock traded up $0.35 during trading hours on Tuesday, hitting $13.20. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.73. Patriot National Bancorp has a twelve month low of $12.60 and a twelve month high of $25.50. The business has a 50 day moving average price of $14.01 and a 200 day moving average price of $15.02.

Patriot National Bancorp (NASDAQ:PNBK) last released its quarterly earnings data on Friday, August 23rd. The bank reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.77). The company had revenue of $7.38 million during the quarter. Patriot National Bancorp had a negative net margin of 0.86% and a negative return on equity of 0.57%.

About Patriot National Bancorp

Patriot National Bancorp, Inc operates as the bank holding company for Patriot Bank, N.A. that provides community banking services to individuals, small and medium-sized businesses, and professionals. The company offers consumer and commercial deposit accounts, such as checking accounts, interest-bearing negotiable order of withdrawal accounts, money market accounts, time certificates of deposit, savings accounts, individual retirement accounts, and health savings accounts, as well as certificate of deposit account registry service.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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