Brean Capital Reiterates Hold Rating for Patriot National Bancorp (NASDAQ:PNBK)

Brean Capital restated their hold rating on shares of Patriot National Bancorp (NASDAQ:PNBK) in a research note released on Monday, February 4th.

PNBK stock remained flat at $$14.45 during trading on Monday. 709 shares of the company were exchanged, compared to its average volume of 401. Patriot National Bancorp has a 12 month low of $13.80 and a 12 month high of $25.50. The company has a market capitalization of $58.87 million, a P/E ratio of 14.50 and a beta of 0.37. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.56.

The business also recently declared a quarterly dividend, which will be paid on Monday, March 18th. Investors of record on Monday, March 11th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date of this dividend is Friday, March 8th.

An institutional investor recently raised its position in Patriot National Bancorp stock. Alliancebernstein L.P. increased its stake in Patriot National Bancorp (NASDAQ:PNBK) by 70.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,391 shares of the bank’s stock after buying an additional 31,686 shares during the period. Alliancebernstein L.P. owned 1.96% of Patriot National Bancorp worth $1,719,000 at the end of the most recent reporting period. 3.52% of the stock is owned by hedge funds and other institutional investors.

Patriot National Bancorp Company Profile

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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