Patriot National Bancorp (PNBK) Announces Earnings Results, Misses Estimates By $0.25 EPS

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Patriot National Bancorp (NASDAQ:PNBK) issued its earnings results on Friday. The bank reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.25), MarketWatch Earnings reports. Patriot National Bancorp had a return on equity of 3.33% and a net margin of 5.26%. The firm had revenue of $7.17 million during the quarter.

PNBK stock remained flat at $$16.27 during mid-day trading on Friday. The company’s stock had a trading volume of 1 shares, compared to its average volume of 2,270. Patriot National Bancorp has a 52 week low of $13.80 and a 52 week high of $25.50. The stock has a market capitalization of $63.76 million, a P/E ratio of 21.12 and a beta of 0.22. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.55.

PNBK has been the subject of several recent research reports. Brean Capital reissued a “hold” rating on shares of Patriot National Bancorp in a research report on Monday, March 18th. ValuEngine lowered Patriot National Bancorp from a “hold” rating to a “sell” rating in a report on Monday, February 4th.

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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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Earnings History for Patriot National Bancorp (NASDAQ:PNBK)

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