Patriot National Bancorp (NASDAQ:PNBK) Stock Price Crosses Below Two Hundred Day Moving Average of $0.00

Patriot National Bancorp (NASDAQ:PNBK) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.00 and traded as low as $14.50. Patriot National Bancorp shares last traded at $14.50, with a volume of 100 shares changing hands.

The company has a market capitalization of $56.84 million, a P/E ratio of 24.26 and a beta of 0.40. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.09 and a current ratio of 1.09. The company’s fifty day moving average is $14.71.

Patriot National Bancorp (NASDAQ:PNBK) last posted its quarterly earnings results on Friday, May 24th. The bank reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.25). Patriot National Bancorp had a net margin of 5.26% and a return on equity of 3.33%. The business had revenue of $7.17 million during the quarter.

A hedge fund recently bought a new stake in Patriot National Bancorp stock. Kessler Investment Group LLC purchased a new stake in Patriot National Bancorp (NASDAQ:PNBK) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 15,000 shares of the bank’s stock, valued at approximately $227,000. Kessler Investment Group LLC owned 0.38% of Patriot National Bancorp at the end of the most recent quarter. 5.43% of the stock is owned by hedge funds and other institutional investors.

About Patriot National Bancorp (NASDAQ:PNBK)

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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