Patriot National Bancorp (NASDAQ:PNBK) Short Interest Update

Patriot National Bancorp (NASDAQ:PNBK) saw a large decline in short interest in September. As of September 30th, there was short interest totalling 100 shares, a decline of 50.0% from the August 30th total of 200 shares. Based on an average daily volume of 800 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Several brokerages have commented on PNBK. ValuEngine upgraded shares of Patriot National Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, September 10th. TheStreet lowered shares of Patriot National Bancorp from a “c” rating to a “d+” rating in a research report on Tuesday, September 3rd.

Shares of NASDAQ PNBK remained flat at $$12.52 during trading on Friday. 100 shares of the company’s stock traded hands, compared to its average volume of 320. Patriot National Bancorp has a 52 week low of $12.52 and a 52 week high of $23.50. The stock has a 50-day moving average price of $13.18 and a two-hundred day moving average price of $14.75. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.09 and a current ratio of 1.09.

Patriot National Bancorp (NASDAQ:PNBK) last issued its earnings results on Friday, August 23rd. The bank reported ($0.42) EPS for the quarter, missing the consensus estimate of $0.35 by ($0.77). The company had revenue of $7.38 million for the quarter. Patriot National Bancorp had a negative return on equity of 0.57% and a negative net margin of 0.86%.

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Tuesday, September 3rd were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.04 annualized dividend and a dividend yield of 0.32%.

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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