Patriot National Bancorp’s (PNBK) “Buy” Rating Reiterated at Brean Capital

Patriot National Bancorp (NASDAQ:PNBK)‘s stock had its “buy” rating reissued by equities researchers at Brean Capital in a research report issued on Monday.

Shares of Patriot National Bancorp stock traded up $0.50 on Monday, reaching $20.00. 15 shares of the company traded hands, compared to its average volume of 1,721. Patriot National Bancorp has a 52 week low of $15.30 and a 52 week high of $21.00. The company has a market capitalization of $76.13 million, a P/E ratio of 18.75 and a beta of -0.11. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.92.

Patriot National Bancorp (NASDAQ:PNBK) last released its earnings results on Friday, May 4th. The bank reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.06). Patriot National Bancorp had a net margin of 9.48% and a return on equity of 6.18%. The company had revenue of $7.39 million for the quarter.

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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