Brean Capital Reiterates Buy Rating for Patriot National Bancorp (PNBK)

Brean Capital reiterated their buy rating on shares of Patriot National Bancorp (NASDAQ:PNBK) in a report issued on Monday morning.

Shares of Patriot National Bancorp stock traded down $0.10 during trading hours on Monday, reaching $20.40. 115 shares of the stock traded hands, compared to its average volume of 2,939. The company has a market cap of $80.04 million, a P/E ratio of 18.81 and a beta of -0.19. Patriot National Bancorp has a one year low of $17.25 and a one year high of $25.50. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.87.

Patriot National Bancorp (NASDAQ:PNBK) last released its quarterly earnings results on Monday, August 6th. The bank reported $0.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.14). The firm had revenue of $7.43 million for the quarter. Patriot National Bancorp had a net margin of 9.59% and a return on equity of 6.42%.

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.

Further Reading: What does RSI mean?

Receive News & Ratings for Patriot National Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Patriot National Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply