Patriot National Bancorp, Inc. (NASDAQ:PNBK) President Steven Sugarman Buys 7,019,978 Shares

Patriot National Bancorp, Inc. (NASDAQ:PNBK) President Steven Sugarman purchased 7,019,978 shares of Patriot National Bancorp stock in a transaction that occurred on Thursday, March 20th. The shares were bought at an average cost of $0.75 per share, for a total transaction of $5,264,983.50. Following the completion of the transaction, the president now directly owns 7,019,978 shares in the company, valued at $5,264,983.50. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this link.

Patriot National Bancorp Stock Up 9.9 %

Shares of NASDAQ PNBK opened at $1.33 on Thursday. The company has a debt-to-equity ratio of 6.83, a quick ratio of 0.97 and a current ratio of 0.99. Patriot National Bancorp, Inc. has a 1 year low of $0.99 and a 1 year high of $4.01. The stock’s 50-day simple moving average is $1.34 and its 200-day simple moving average is $1.69. The firm has a market cap of $5.29 million, a price-to-earnings ratio of -0.18 and a beta of 0.54.

Patriot National Bancorp Company Profile

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, time certificates of deposit, savings, prepaid deposit, on-line national money market, individual retirement accounts, and health savings accounts, as well as certificate of deposit account registry service.