Curated Wealth Partners LLC Boosts Stake in Patriot National Bancorp Inc. $PNBK

Curated Wealth Partners LLC grew its holdings in Patriot National Bancorp Inc. (NASDAQ:PNBK) by 39.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 931,297 shares of the bank’s stock after purchasing an additional 264,630 shares during the period. Curated Wealth Partners LLC owned approximately 0.97% of Patriot National Bancorp worth $1,211,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Bank of America Corp DE raised its holdings in Patriot National Bancorp by 56,671,895.7% in the 2nd quarter. Bank of America Corp DE now owns 13,034,559 shares of the bank’s stock valued at $19,813,000 after buying an additional 13,034,536 shares during the period. Geode Capital Management LLC increased its position in shares of Patriot National Bancorp by 3,772.1% during the second quarter. Geode Capital Management LLC now owns 1,046,216 shares of the bank’s stock valued at $1,590,000 after acquiring an additional 1,019,197 shares during the last quarter. Lido Advisors LLC purchased a new stake in shares of Patriot National Bancorp in the 2nd quarter valued at approximately $419,000. Axxcess Wealth Management LLC purchased a new stake in shares of Patriot National Bancorp in the 2nd quarter valued at approximately $324,000. Finally, Rinkey Investments acquired a new position in shares of Patriot National Bancorp in the 2nd quarter worth approximately $231,000. 39.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Patriot National Bancorp in a research report on Monday, December 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Patriot National Bancorp Stock Up 4.3%

Shares of PNBK opened at $1.92 on Friday. The company’s 50-day simple moving average is $1.33 and its 200-day simple moving average is $1.39. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.94 and a current ratio of 0.96. Patriot National Bancorp Inc. has a 1 year low of $0.90 and a 1 year high of $7.47. The stock has a market capitalization of $220.78 million, a PE ratio of -0.71 and a beta of -0.63.

Patriot National Bancorp (NASDAQ:PNBK) last announced its earnings results on Friday, November 14th. The bank reported ($0.03) earnings per share for the quarter. The business had revenue of $7.22 million for the quarter. Patriot National Bancorp had a negative return on equity of 37.63% and a negative net margin of 35.17%.

Patriot National Bancorp Company Profile

Patriot National Bancorp, Inc, through its subsidiary Patriot National Bank, operates as a community-oriented bank headquartered in Fort Lauderdale, Florida. The company offers a comprehensive suite of retail and commercial banking products and services to individuals, small- to mid-sized businesses and institutions. Its core deposit offerings include checking and savings accounts, money market accounts and certificates of deposit, all supported by online and mobile banking platforms.

On the lending side, Patriot National Bank provides commercial real estate and business loans, construction and development financing, residential mortgage lending and consumer installment loans.