Patriot National Bancorp (PNBK) Projected to Post Quarterly Earnings on Tuesday

Patriot National Bancorp (NASDAQ:PNBK) is expected to post its results after the market closes on Tuesday, March 31st. Analysts expect Patriot National Bancorp to post earnings of $0.25 per share and revenue of $8.30 million for the quarter.

Patriot National Bancorp (NASDAQ:PNBK) last issued its quarterly earnings results on Tuesday, March 10th. The bank reported $0.01 EPS for the quarter. The company had revenue of $9.82 million during the quarter. Patriot National Bancorp had a negative net margin of 35.17% and a negative return on equity of 37.63%.

Patriot National Bancorp Stock Performance

NASDAQ:PNBK opened at $1.29 on Friday. The company has a fifty day simple moving average of $1.42 and a two-hundred day simple moving average of $1.42. The company has a market cap of $148.34 million, a price-to-earnings ratio of -0.48 and a beta of -0.68. The company has a quick ratio of 0.94, a current ratio of 0.96 and a debt-to-equity ratio of 0.17. Patriot National Bancorp has a 52 week low of $0.90 and a 52 week high of $7.47.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Patriot National Bancorp in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Patriot National Bancorp presently has a consensus rating of “Sell”.

Institutional Trading of Patriot National Bancorp

Hedge funds have recently added to or reduced their stakes in the company. Deutsche Bank AG raised its holdings in shares of Patriot National Bancorp by 35.5% in the 4th quarter. Deutsche Bank AG now owns 59,272 shares of the bank’s stock valued at $108,000 after purchasing an additional 15,516 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Patriot National Bancorp by 21.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 94,249 shares of the bank’s stock worth $172,000 after purchasing an additional 16,893 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new position in Patriot National Bancorp in the fourth quarter valued at $36,000. JPMorgan Chase & Co. purchased a new position in Patriot National Bancorp in the second quarter valued at $32,000. Finally, Invesco Ltd. acquired a new stake in Patriot National Bancorp in the second quarter valued at $35,000. Institutional investors and hedge funds own 39.25% of the company’s stock.

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.