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

3.30USD-0.02 (-0.60%)Delayed

Market Summary

USD3.30-0.02

Delayed

-0.60%

PNBK Stock Price

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PNBK RSI Chart

PNBK Valuation

Market Cap

13.1M

Price/Earnings (Trailing)

-3.14

Price/Sales (Trailing)

0.22

EV/EBITDA

6.14

Price/Free Cashflow

-1.18

PNBK Price/Sales (Trailing)

PNBK Profitability

Operating Margin

98.61%

EBT Margin

-9.55%

Return on Equity

-9.42%

Return on Assets

-0.38%

Free Cashflow Yield

-84.8%

PNBK Fundamentals

PNBK Revenue

Revenue (TTM)

59.0M

Rev. Growth (Yr)

6.92%

Rev. Growth (Qtr)

-0.92%

PNBK Earnings

Earnings (TTM)

-4.2M

Earnings Growth (Yr)

-48.87%

Earnings Growth (Qtr)

124.01%

Breaking Down PNBK Revenue

Last 7 days

-8.5%

Last 30 days

-11.5%

Last 90 days

-17%

Trailing 12 Months

-56.6%

How does PNBK drawdown profile look like?

PNBK Financial Health

Debt/Equity

2.6

Debt/Cashflow

-0.09

PNBK Investor Care

Shares Dilution (1Y)

0.27%

Diluted EPS (TTM)

-1.06

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
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	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	-
Apr 07, 2023	van den bol emile	acquired	-	-	1,587	-
Apr 07, 2023	constantino edward n.	acquired	-	-	1,587	-

Which funds bought or sold PNBK recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 03, 2024	Larson Financial Group LLC	unchanged	-	-2,907	135,750	0.01%
May 01, 2024	CONCOURSE FINANCIAL GROUP SECURITIES, INC.	sold off	-	-	-	-%
Apr 26, 2024	Siguler Guff Advisers, LLC	unchanged	-	-23,977	1,123,920	0.45%
Apr 19, 2024	CALDWELL SUTTER CAPITAL, INC.	reduced	-1.44	-20,544	565,879	0.27%
Mar 11, 2024	VANGUARD GROUP INC	added	2.47	-411,256	464,512	-%
Feb 14, 2024	BRIDGEWAY CAPITAL MANAGEMENT, LLC	added	15.32	-80,763	131,947	-%
Feb 14, 2024	BANK OF AMERICA CORP /DE/	new	-	16.00	16.00	-%
Feb 14, 2024	Northeast Financial Consultants Inc	unchanged	-	-139,658	149,853	0.01%
Feb 14, 2024	BOOTHBAY FUND MANAGEMENT, LLC	reduced	-27.59	-751,534	450,581	0.01%
Feb 14, 2024	SILVERCREST ASSET MANAGEMENT GROUP LLC	unchanged	-	-451,914	484,904	-%

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 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
Apr 01, 2024	10-K	Annual Report
Feb 14, 2024	SC 13G/A	Major Ownership 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	550.7B	174.7B	-2.88%	39.91%	10.94	3.15	53.11%	19.83%
BAC	296.0B	127.4B	1.99%	36.69%	11.83	2.15	56.12%	-12.56%
WFC	210.0B	85.8B	4.95%	56.96%	11.19	2.45	35.02%	26.14%
C	118.3B	125.0B	0.65%	33.74%	14.8	0.95	37.85%	-
CFG	16.2B	10.4B	4.71%	38.12%	11.31	1.55	26.22%	-33.87%
KEY	14.1B	8.1B	-0.80%	54.34%	16.12	1.73	32.15%	-50.93%
MID-CAP
CMA	7.1B	4.2B	1.12%	47.25%	10.15	1.66	34.68%	-45.96%
ZION	6.5B	3.9B	4.13%	80.63%	9.55	1.64	45.91%	-25.03%
ABCB	3.4B	1.3B	5.29%	67.41%	12.7	2.67	43.24%	-22.35%
ASB	3.3B	1.8B	5.37%	45.89%	20.77	1.64	47.11%	-59.32%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
ALRS	399.1M	152.4M	-3.36%	49.04%	40.14	2.62	16.94%	-73.84%
AROW	389.7M	162.6M	0.47%	17.60%	12.96	2.4	25.39%	-38.37%
ACNB	273.7M	96.6M	-5.55%	16.05%	8.64	2.83	11.02%	-11.37%
ASRV	40.3M	60.9M	-4.84%	-16.90%	-12.04	0.66	24.06%	-144.92%

Patriot National Bancorp Inc News

Latest updates

Patriot National Bancorp Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	-0.9%	14,932	15,070	15,309	13,646	13,966	12,039	9,687	8,320	8,513	7,960	7,767	8,111	8,547	9,031	9,603	10,722	10,953	11,012	11,094	10,585	10,929
EBITDA Margin	-115.3%	-0.08*	0.49*	0.71*	0.84*	0.96*	0.98*	1.00*	0.99*	0.98*	0.91*	0.82*	0.68*	0.57*	0.51*	-	-	-	-	-	-	-
Interest Expenses	-4.2%	6,249	6,525	7,713	8,013	9,570	9,243	7,720	6,726	6,907	6,290	5,938	6,126	6,237	5,906	5,687	6,323	6,205	6,243	6,620	6,358	7,105
Income Taxes	127.5%	367	-1,333	-231	-257	652	157	476	311	-1,262	479	383	319	474	-6.00	-446	-359	-443	8.00	-632	168	-110
Earnings Before Taxes	124.9%	1,272	-5,103	-846	-956	2,422	2,483	1,741	1,111	633	1,802	1,405	1,173	-908	-93.00	-1,724	-1,431	-1,955	35.00	-2,287	491	216
EBT Margin	-23.6%	-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*	-0.13*	-	-	-	-	-	-	-
Net Income	124.0%	905	-3,770	-615	-699	1,770	2,326	1,265	800	1,900	1,323	1,022	854	-1,382	-87.00	-1,278	-1,072	-1,500	27.00	-1,655	323	326
Net Income Margin	-24.0%	-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*	-0.10*	-	-	-	-	-	-	-
Free Cashflow	98.7%	-182	-14,511	3,876	-310	7,325	1,808	1,900	-4,411	3,725	3,135	1,318	-1,012	7,122	3,535	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	-3.8%	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	952
Cash Equivalents	-15.7%	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	2.00
Net PPE	-0.9%	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	35.00
Goodwill	-100.0%	-	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	2.00
Liabilities	-4.4%	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	882
Long Term Debt	-	201	-	-	-	115	-	-	-	121	-	-	-	121	-	-	-	131	-	-	-	131
Shareholder's Equity	11.0%	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	69.00
Retained Earnings	1.9%	-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	-35.79
Additional Paid-In Capital	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	107	107	107
Shares Outstanding	0.3%	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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	98.8%	-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	-130
Share Based Compensation	-9.7%	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	57.00
Cashflow From Investing	-26.1%	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	-18,363
Cashflow From Financing	-129.2%	-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	36,210
Dividend Payments	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	39.00	39.00	38.00	39.00	38.00

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PNBK Income Statement

2023-12-31

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Interest and Dividend Income
Interest and fees on loans	$ 54,310	$ 40,823	$ 30,115
Interest on investment securities	2,653	2,307	1,924
Dividends on investment securities	504	384	223
Other interest income	1,490	498	89
Total interest and dividend income	58,957	44,012	32,351
Interest Expense
Interest on deposits	21,668	5,300	2,243
Interest on FHLB, FRB and correspondent bank borrowings	6,141	3,509	2,986
Interest on senior debt	1,159	866	913
Interest on subordinated debt	1,481	1,066	933
Interest on note payable	8	12	15
Total interest expense	30,457	10,753	7,090
Net interest income	28,500	33,259	25,261
Provision (credit) for credit losses	7,429	1,885	(500)
Net interest income after provision (credit) for credit losses	21,071	31,374	25,761
Non-interest Income
Loan application, inspection and processing fees	694	386	257
Deposit fees and service charges	285	256	251
Gains on sales of loans	169	1,461	1,886
Rental income	395	566	543
Gain on sale of investment securities	24	0	76
Digital Payments income	2,294	683	103
Other income	2,144	253	1,307
Total non-interest income	6,005	3,605	4,423
Non-interest Expense
Salaries and benefits	17,598	15,506	11,089
Occupancy and equipment expense	3,410	3,428	3,430
Data processing expense	1,228	1,185	1,451
Professional and other outside services	3,369	2,664	3,155
Project expenses, net	93	133	1,882
Advertising and promotional expense	269	232	235
Loan administration and processing expense	259	234	134
Regulatory assessments	1,176	817	907
Insurance expense, net	277	271	280
Communications, stationary and supplies	870	616	604
Intangible asset impairment	1,107	0	0
Other operating expense	3,053	2,136	2,004
Total non-interest expense	32,709	27,222	25,171
(Loss) Income before income taxes	(5,633)	7,757	5,013
(Benefit) provision for income taxes	(1,454)	1,596	(81)
Net (loss) income	$ (4,179)	$ 6,161	$ 5,094
Basic (loss) earnings per share (usd per share)	$ (1.05)	$ 1.56	$ 1.29
Diluted (loss) earnings per common share (usd per share)	$ (1.05)	$ 1.55	$ 1.29

PNBK Balance Sheet

2023-12-31

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Cash and due from banks:
Noninterest bearing deposits and cash	$ 2,195,000	$ 5,182,000
Interest bearing deposits	50,322,000	33,311,000
Restricted cash	14,019,000	0
Total cash, cash equivalents and restricted cash	66,536,000	38,493,000
Investment securities:
Available-for-sale securities, at fair value	89,187,000	84,520,000
Other investments, at cost	4,450,000	4,450,000
Total investment securities	93,637,000	88,970,000
Federal Reserve Bank (FRB) stock, at cost	2,090,000	2,627,000
Federal Home Loan Bank (FHLB) stock, at cost	4,202,000	3,874,000
Loans receivable (net of allowance for credit losses: 2023: $15,925 and 2022: $10,310)	832,934,000	838,006,000
Loans held for sale	20,767,000	5,211,000
Accrued interest and dividends receivable	7,219,000	7,267,000
Premises and equipment, net	29,875,000	30,641,000
Other real estate owned	2,843,000	0
Deferred tax asset	24,134,000	15,527,000
Goodwill	0	1,107,000
Core deposit intangible, net	203,000	249,000
Other assets	8,985,000	11,387,000
Total assets	1,093,425,000	1,043,359,000
Deposits:
Noninterest bearing deposits	110,056,000	269,636,000
Interest bearing deposits	730,255,000	590,810,000
Total deposits	840,311,000	860,446,000
FHLB, FRB and correspondent bank borrowings	171,000,000	85,000,000
Senior notes, net	11,723,000	11,640,000
Subordinated debt, net	9,869,000	9,840,000
Junior subordinated debt owed to unconsolidated trust, net	8,137,000	8,128,000
Note payable	376,000	585,000
Advances from borrowers for taxes and insurance	1,164,000	886,000
Accrued expenses and other liabilities	6,462,000	7,251,000
Total liabilities	1,049,042,000	983,776,000
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 December 31, 2023: 4,049,814 shares issued; 3,976,073 shares outstanding; As of December 31, 2022: 4,038,927 shares issued; 3,965,186 shares outstanding;	106,670,000	106,565,000
Accumulated deficit	(47,026,000)	(31,337,000)
Accumulated other comprehensive loss	(15,261,000)	(15,645,000)
Total shareholders' equity	44,383,000	59,583,000
Total liabilities and shareholders' equity	$ 1,093,425,000	$ 1,043,359,000

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 Tue May 07 2024, market cap of Patriot National Bancorp Inc is 13.12 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 Tue May 07 2024, PNBK's PE ratio (Price to Earnings) is -3.14 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 -0.126 (multiply by 100 for percentage) rate of return.