Patriot National Bancorp (PNBK) Hits New 12-Month High After Dividend Announcement

Shares of Patriot National Bancorp (NASDAQ:PNBK) hit a new 52-week high during mid-day trading on Monday following a dividend announcement from the company. The stock traded as high as $18.33 and last traded at $17.90, with a volume of 794 shares changing hands. The stock had previously closed at $17.96.

The newly announced dividend which will be paid on Friday, February 16th. Shareholders of record on Monday, February 12th will be given a dividend of $0.01 per share. This represents a yield of 0.000560224089635854%. The ex-dividend date is Friday, February 9th. Patriot National Bancorp’s payout ratio is currently 3.77%.

The stock has a market capitalization of $69.98, a price-to-earnings ratio of 14.85 and a beta of -0.04. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.19 and a quick ratio of 1.19.

Patriot National Bancorp (NASDAQ:PNBK) last issued its quarterly earnings results on Friday, February 2nd. The bank reported $0.30 EPS for the quarter. Patriot National Bancorp had a net margin of 12.09% and a return on equity of 7.27%. The business had revenue of $7.43 million during the quarter.

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Patriot National Bancorp Company Profile

Patriot National Bancorp, Inc is a one-bank holding company for Patriot Bank, N.A. (the Bank), a national banking association. The Bank offers consumer and commercial deposit accounts, such as checking, interest-bearing negotiable order of withdrawal (NOW) account, money market, time certificates of deposit, savings, Certificate of Deposit Account Registry Service (CDARS), individual retirement accounts (IRAs) and health savings accounts (HSAs).

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