Separately, ValuEngine lowered Patriot National Bancorp from a hold rating to a sell rating in a research report on Monday, February 4th.
NASDAQ:PNBK opened at $15.04 on Monday. The firm has a market cap of $59.26 million, a P/E ratio of 19.01 and a beta of 0.19. Patriot National Bancorp has a 1-year low of $13.80 and a 1-year high of $25.50. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.56.
A hedge fund recently raised its stake in Patriot National Bancorp stock. Alliancebernstein L.P. boosted its holdings in shares of Patriot National Bancorp (NASDAQ:PNBK) by 70.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 76,391 shares of the bank’s stock after buying an additional 31,686 shares during the period. Alliancebernstein L.P. owned approximately 1.96% of Patriot National Bancorp worth $1,719,000 as of its most recent filing with the Securities and Exchange Commission. 5.20% of the stock is owned by hedge funds and other institutional investors.
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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