PNBK - Patriot National Bancorp Inc Stock Price, Fair Value and News

3.33USD+0.04 (+1.22%)Market Closed

Market Summary

USD3.33+0.04

Market Closed

1.22%

PNBK Stock Price

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PNBK RSI Chart

PNBK Valuation

Market Cap

13.2M

Price/Earnings (Trailing)

-3.5

Price/Sales (Trailing)

0.22

EV/EBITDA

5.48

Price/Free Cashflow

-1.46

PNBK Price/Sales (Trailing)

PNBK Profitability

Operating Margin

98.61%

EBT Margin

-8.28%

Return on Equity

-8.66%

Return on Assets

-0.35%

Free Cashflow Yield

-68.42%

PNBK Fundamentals

PNBK Revenue

Revenue (TTM)

59.3M

Rev. Growth (Yr)

2.6%

Rev. Growth (Qtr)

-6.23%

PNBK Earnings

Earnings (TTM)

-3.8M

Earnings Growth (Yr)

57.22%

Earnings Growth (Qtr)

-133.04%

Breaking Down PNBK Revenue

Last 7 days

-5.9%

Last 30 days

-10.2%

Last 90 days

-11.0%

Trailing 12 Months

-54.6%

How does PNBK drawdown profile look like?

PNBK Financial Health

Debt/Equity

4.61

Debt/Cashflow

-0.04

PNBK Investor Care

Shares Dilution (1Y)

0.27%

Diluted EPS (TTM)

-0.96

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	59.3M	0	0	0
2023	49.3M	55.0M	58.0M	59.0M
2022	32.6M	34.5M	38.6M	44.0M
2021	35.3M	33.5M	32.4M	32.4M
2020	43.8M	42.3M	40.3M	37.9M
2019	41.6M	42.9M	43.6M	43.6M
2018	35.2M	37.2M	38.5M	40.4M
2017	26.2M	28.1M	30.7M	32.8M
2016	24.1M	24.0M	24.3M	25.4M
2015	21.5M	22.2M	23.0M	23.7M
2014	21.0M	20.6M	19.9M	20.7M
2013	23.5M	22.5M	22.2M	21.7M
2012	28.2M	27.3M	26.4M	25.2M
2011	33.3M	31.0M	29.5M	28.3M
2010	0	40.5M	38.1M	35.6M
2009	0	0	0	43.0M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Patriot National Bancorp Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 06, 2024	doherty grace	acquired	-	-	3,846	-
May 06, 2024	lowery david christopher	acquired	-	-	65,790	chief executive officer
May 06, 2024	van den bol emile	acquired	-	-	3,846	-
May 06, 2024	constantino edward n.	acquired	-	-	3,846	-
May 06, 2024	weinbaum michael j	acquired	-	-	3,846	-
Mar 18, 2024	slater thomas e.	acquired	-	-	3,958	evp & chief credit officer
Mar 18, 2024	staudmyer frederick	acquired	-	-	3,958	secretary and chief hr officer
Mar 18, 2024	grunblatt steven brian	acquired	-	-	2,243	evp & chief information office
Oct 02, 2023	doherty grace	acquired	-	-	972	-
Apr 07, 2023	weinbaum michael j	acquired	-	-	1,587	-

Which funds bought or sold PNBK recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 15, 2024	MORGAN STANLEY	unchanged	-	-120	5,625	-%
May 15, 2024	BANK OF AMERICA CORP /DE/	sold off	-100	-16.00	-	-%
May 15, 2024	Northeast Financial Consultants Inc	unchanged	-	-3,141	146,712	0.01%
May 15, 2024	BOOTHBAY FUND MANAGEMENT, LLC	reduced	-8.1	-45,180	405,401	0.01%
May 15, 2024	Tower Research Capital LLC (TRC)	added	10.73	418	5,378	-%
May 15, 2024	SILVERCREST ASSET MANAGEMENT GROUP LLC	unchanged	-	-10,165	474,739	-%
May 15, 2024	AQR Arbitrage LLC	unchanged	-	-32,208	693,405	0.02%
May 15, 2024	BRIDGEWAY CAPITAL MANAGEMENT, LLC	reduced	-12.57	-21,711	110,236	-%
May 14, 2024	ALLIANCEBERNSTEIN L.P.	unchanged	-	-31,235	1,458,660	-%
May 13, 2024	UBS Group AG	unchanged	-	-4.00	161	-%

Are Funds Buying or Selling PNBK?

Are funds buying PNBK calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own PNBK

No. of Funds

Unveiling Patriot National Bancorp Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	alliancebernstein l.p.	9.8%	388,977	SC 13G/A
Oct 10, 2023	afp forty six corp.	8.6%	342,172	SC 13D/A
Feb 14, 2023	alliancebernstein l.p.	9.8%	386,477	SC 13G/A
Jan 20, 2023	siguler guff advisers, llc	7.6%	299,711	SC 13G/A
Dec 10, 2021	alliancebernstein l.p.	10.1%	397,418	SC 13G/A
May 03, 2021	siguler guff advisers, llc	11.7%	460,589	SC 13G
Apr 27, 2021	smc holdings i, lp	10.8%	427,691	SC 13G
Apr 16, 2021	lmi partners llc	7.3%	285,915	SC 13G
Apr 14, 2021	afp forty six corp.	8.7%	342,172	SC 13D
Apr 13, 2021	harvey sandler revocable trust	8.0%	317,248	SC 13G/A

Recent SEC filings of Patriot National Bancorp Inc

View All Filings

Date Filed	Form Type	Document
May 15, 2024	10-Q	Quarterly Report
May 09, 2024	4	Insider Trading
May 08, 2024	4	Insider Trading
May 07, 2024	4	Insider Trading
May 07, 2024	4	Insider Trading
May 07, 2024	4	Insider Trading
Apr 22, 2024	4	Insider Trading
Apr 19, 2024	4	Insider Trading
Apr 19, 2024	4	Insider Trading
Apr 08, 2024	8-K	Current Report

Peers (Alternatives to Patriot National Bancorp Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JPM	588.1B	174.7B	13.73%	46.82%	11.68	3.37	53.11%	19.83%
BAC	307.4B	137.9B	11.58%	38.08%	12.28	2.23	56.12%	-12.56%
WFC	213.0B	85.8B	6.86%	51.95%	11.35	2.48	35.02%	26.14%
C	122.2B	125.0B	10.16%	38.13%	15.29	0.98	37.85%	-
CFG	16.9B	10.4B	12.51%	41.04%	11.81	1.62	26.22%	-33.87%
KEY	14.5B	8.1B	6.72%	53.23%	16.61	1.78	32.15%	-50.93%
MID-CAP
CMA	7.3B	4.2B	10.08%	41.38%	10.46	1.71	34.68%	-45.96%
ZION	6.6B	4.1B	14.23%	65.05%	10.55	1.63	32.93%	-30.73%
ABCB	3.5B	1.3B	13.35%	57.95%	12.32	2.65	30.60%	-12.99%
ASB	3.4B	2.0B	11.57%	43.03%	20.88	1.65	47.11%	-59.32%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
AROW	417.1M	173.1M	15.06%	27.00%	14.3	2.41	26.54%	-34.86%
ALRS	390.4M	152.4M	-0.90%	32.84%	39.27	2.56	16.94%	-73.84%
ACNB	295.5M	98.7M	10.19%	20.01%	10.04	2.99	6.27%	-22.90%
ASRV	48.0M	62.5M	8.95%	-1.75%	-16.24	0.77	18.83%	-145.18%

Patriot National Bancorp Inc News

Latest updates

Patriot National Bancorp Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-6.2%	14,001,000	14,932,000	15,070,000	15,309,000	13,646,000	13,966,000	12,039,000	9,687,000	8,320,000	8,513,000	7,960,000	7,767,000	8,111,000	8,547,000	9,031,000	9,603,000	10,722,000	10,953,000	11,012,000	11,094,000	10,585,000
EBITDA Margin	-8.4%	0.37	0.41	0.49	0.71	0.84	0.96	0.98	1.00	0.99	0.98	0.91	0.82	0.68	0.57	-	-	-	-	-	-	-
Interest Expenses	-13.5%	5,404,000	6,249,000	6,525,000	7,713,000	8,013,000	9,570,000	9,243,000	7,720,000	6,726,000	6,907,000	6,290,000	5,938,000	6,126,000	6,237,000	5,906,000	5,687,000	6,323,000	6,205,000	6,243,000	6,620,000	6,358,000
Income Taxes	-82.0%	66,000	367,000	-1,333,000	-231,000	-257,000	652,000	157,000	476,000	311,000	-1,262,000	479,000	383,000	319,000	474,000	-6,000	-446,000	-359,000	-443,000	8,000	-632,000	168,000
Earnings Before Taxes	-118.3%	-233,000	1,272,000	-5,103,000	-846,000	-956,000	2,422,000	2,483,000	1,741,000	1,111,000	633,000	1,802,000	1,405,000	1,173,000	-908,000	-93,000	-1,724,000	-1,431,000	-1,955,000	35,000	-2,287,000	491,000
EBT Margin	13.4%	-0.08	-0.10	-0.08	0.06	0.12	0.18	0.15	0.15	0.15	0.15	0.11	0.05	-0.04	-0.11	-	-	-	-	-	-	-
Net Income	-133.0%	-299,000	905,000	-3,770,000	-615,000	-699,000	1,770,000	2,326,000	1,265,000	800,000	1,900,000	1,323,000	1,022,000	854,000	-1,382,000	-87,000	-1,278,000	-1,072,000	-1,500,000	27,000	-1,655,000	323,000
Net Income Margin	10.1%	-0.06	-0.07	-0.06	0.05	0.09	0.14	0.16	0.15	0.15	0.16	0.06	0.01	-0.05	-0.10	-	-	-	-	-	-	-
Free Cashflow	1065.9%	1,758,000	-182,000	-14,511,000	3,876,000	-310,000	7,325,000	1,808,000	1,900,000	-4,411,000	3,725,000	3,135,000	1,318,000	-1,012,000	7,122,000	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-1.9%	1,073	1,093	1,137	1,158	1,095	1,043	1,059	1,049	976	948	952	963	886	881	923	980	1,000	980	972	978	953
Cash Equivalents	39.4%	93.00	67.00	79.00	71.00	60.00	38.00	31.00	38.00	44.00	47.00	46.00	116	84.00	35.00	50.00	66.00	52.00	39.00	50.00	51.00	57.00
Net PPE	-0.8%	30.00	30.00	30.00	30.00	30.00	31.00	31.00	31.00	31.00	32.00	33.00	33.00	33.00	33.00	34.00	34.00	34.00	35.00	35.00	35.00	35.00
Goodwill	-	-	-	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00
Liabilities	-1.9%	1,030	1,049	1,097	1,111	1,047	984	1,001	989	913	881	886	897	822	818	858	915	935	913	904	909	883
Long Term Debt	-100.0%	-	201	-	-	-	115	-	-	-	121	-	-	-	121	-	-	-	131	-	-	-
Shareholder's Equity	-1.7%	44.00	44.00	40.00	46.00	49.00	60.00	58.00	60.00	63.00	67.00	67.00	66.00	64.00	63.00	65.00	64.00	65.00	67.00	68.00	68.00	70.00
Retained Earnings	-0.6%	-47.32	-47.03	-47.93	-44.16	-43.55	-31.34	-33.11	-35.43	-36.70	-37.50	-39.39	-40.72	-41.74	-42.59	-41.21	-41.12	-39.84	-38.77	-37.22	-37.21	-35.52
Additional Paid-In Capital	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	107	107
Shares Outstanding	0%	4.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00	-	-	-	-	-	-	-
Float	-	-	-	-	27.00	-	-	-	46.00	-	-	-	35.00	-	-	-	8.00	-	-	-	21.00	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	1177.2%	1,799	-167	-14,344	4,008	-212	7,417	1,860	2,079	-4,320	3,791	3,320	1,319	-834	7,034	3,571	-11.00	-4,313	-10,480	1,558	-3,428	435
Share Based Compensation	-14.3%	24.00	28.00	31.00	23.00	23.00	23.00	22.00	20.00	21.00	40.00	30.00	46.00	34.00	36.00	42.00	38.00	43.00	52.00	59.00	55.00	48.00
Cashflow From Investing	43.4%	43,472	30,315	41,026	-57,580	-40,937	15,269	-20,047	-86,155	-31,118	4,303	-65,316	-39,121	44,929	18,497	37,157	32,790	-5,520	-9,007	3,982	-28,064	-8,688
Cashflow From Financing	55.3%	-19,032	-42,540	-18,563	64,129	62,908	-15,377	11,855	77,276	32,709	-7,314	-7,930	69,719	5,543	-40,531	-56,988	-19,039	22,585	8,890	-6,655	25,976	-1,552
Dividend Payments	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	39.00	39.00	38.00	39.00

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PNBK Income Statement

2024-03-31

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Interest and Dividend Income
Interest and fees on loans	$ 12,648	$ 12,550
Interest on investment securities	661	680
Dividends on investment securities	71	135
Other interest income	621	281
Total interest and dividend income	14,001	13,646
Interest Expense
Interest on deposits	6,686	3,579
Interest on Federal Home Loan Bank and correspondent bank borrowings	1,214	1,436
Interest on senior debt	290	290
Interest on subordinated debt	406	326
Interest on note payable	1	2
Total interest expense	8,597	5,633
Net interest income	5,404	8,013
Provision for credit losses	658	2,220
Net interest income after provision for credit losses	4,746	5,793
Non-interest Income
Loan application, inspection and processing fees	202	123
Deposit fees and service charges	81	68
Gains on sales of loans	267	81
Rental income	21	119
(Loss) gain on sale of investment securities, net	(24)	24
Digital Payments income	964	361
Other income	736	59
Total non-interest income	2,247	835
Non-interest Expense
Salaries and benefits	4,156	4,267
Occupancy and equipment expense	817	884
Data processing expense	324	294
Professional and other outside services	841	914
Project expenses, net	0	27
Advertising and promotional expense	46	85
Loan administration and processing expense	8	51
Regulatory assessments	219	182
Insurance expense, net	76	77
Communications, stationary and supplies	149	191
Other operating expense	590	612
Total non-interest expense	7,226	7,584
Loss before income taxes	(233)	(956)
Provision (benefit) for income taxes	66	(257)
Net loss	$ (299)	$ (699)
Basic loss per share (usd per share)	$ (0.08)	$ (0.18)
Diluted loss per share (usd per share)	$ (0.08)	$ (0.18)

PNBK Balance Sheet

2024-03-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Cash and due from banks:
Noninterest bearing deposits and cash	$ 2,409	$ 2,195
Interest bearing deposits	61,580	50,322
Restricted cash	28,786	14,019
Total cash, cash equivalents and restricted cash	92,775	66,536
Investment securities:
Available-for-sale securities, at fair value	87,595	89,187
Other investments, at cost	4,450	4,450
Total investment securities	92,045	93,637
Federal Reserve Bank (FRB) stock, at cost	2,200	2,090
Federal Home Loan Bank (FHLB) stock, at cost	2,652	4,202
Loans receivable (net of allowance for credit losses: 2024: $(13,777) and 2023: $(15,925))	796,546	832,934
Loans held for sale	14,112	20,767
Accrued interest and dividends receivable	6,610	7,219
Premises and equipment, net	29,634	29,875
Other real estate owned	2,843	2,843
Deferred tax asset	24,199	24,134
Core deposit intangible, net	191	203
Other assets	9,372	8,985
Total assets	1,073,179	1,093,425
Deposits:
Noninterest bearing deposits	109,265	110,056
Interest bearing deposits	750,459	730,255
Total deposits	859,724	840,311
FHLB, FRB and correspondent bank borrowings	131,000	171,000
Senior notes, net	11,757	11,723
Subordinated debt, net	9,876	9,869
Junior subordinated debt owed to unconsolidated trust, net	8,139	8,137
Note payable	323	376
Advances from borrowers for taxes and insurance	2,772	1,164
Accrued expenses and other liabilities	5,951	6,462
Total liabilities	1,029,542	1,049,042
Commitments and Contingencies
Shareholders' equity
Preferred stock, no par value; 1,000,000 shares authorized, no shares issued and outstanding	0	0
Common stock, $.01 par value, 100,000,000 shares authorized; As of March 31, 2024: 4,049,814 shares issued; 3,976,073 shares outstanding; As of December 31, 2023: 4,049,814 shares issued; 3,976,073 shares outstanding.	106,694	106,670
Accumulated deficit	(47,325)	(47,026)
Accumulated other comprehensive loss	(15,732)	(15,261)
Total shareholders' equity	43,637	44,383
Total liabilities and shareholders' equity	$ 1,073,179	$ 1,093,425

About Patriot National Bancorp Inc

Patriot National Bancorp, Inc. operates as the holding company for Patriot Bank, N.A. that provides community banking services to individuals, small and medium-sized businesses, and professionals. The company accepts consumer and commercial deposit accounts, such as checking, interest-bearing negotiable order of withdrawal, money market, savings, prepaid deposit, on-line national money market, individual retirement accounts, and health savings accounts, as well as certificate of deposit account registry service. Its loan portfolio comprises commercial real estate, commercial business, small business administration, construction, purchased residential real estate, and various consumer loans. The company also offers automated clearing house transfers, lockbox, internet banking, bill payment, remote deposit capture, debit card, money order, traveler's check, and automatic teller machine services. Patriot National Bancorp, Inc. was founded in 1994 and is headquartered in Stamford, Connecticut.

CEO	Mr. David Christopher Lowery
WEBSITE	https://bankpatriot.com
INDUSTRY	Banks Diversified
EMPLOYEES	130

Patriot National Bancorp Inc Frequently Asked Questions

What is the ticker symbol for Patriot National Bancorp Inc? What does PNBK stand for in stocks?

PNBK is the stock ticker symbol of Patriot National Bancorp Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Patriot National Bancorp Inc (PNBK)?

As of Fri May 17 2024, market cap of Patriot National Bancorp Inc is 13.24 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of PNBK stock?

You can check PNBK's fair value in chart for subscribers.

What is the fair value of PNBK stock?

You can check PNBK's fair value in chart for subscribers. The fair value of Patriot National Bancorp Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Patriot National Bancorp Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for PNBK so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Patriot National Bancorp Inc a good stock to buy?

The fair value guage provides a quick view whether PNBK is over valued or under valued. Whether Patriot National Bancorp Inc is cheap or expensive depends on the assumptions which impact Patriot National Bancorp Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for PNBK.

What is Patriot National Bancorp Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, PNBK's PE ratio (Price to Earnings) is -3.5 and Price to Sales (PS) ratio is 0.22. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. PNBK PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Patriot National Bancorp Inc's stock?

In the past 10 years, Patriot National Bancorp Inc has provided -0.124 (multiply by 100 for percentage) rate of return.