Insider Selling: Patriot National Bancorp Inc. (NASDAQ:PNBK) EVP Sells 1,000 Shares of Stock

Patriot National Bancorp Inc. (NASDAQ:PNBK) EVP Samuel S. Davis sold 1,000 shares of the stock in a transaction on Monday, November 20th. The stock was sold at an average price of $17.90, for a total value of $17,900.00. Following the transaction, the executive vice president now owns 1,884 shares of the company’s stock, valued at $33,723.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Patriot National Bancorp Inc. (NASDAQ:PNBK) traded up $0.10 during trading on Friday, reaching $18.00. The company had a trading volume of 912 shares, compared to its average volume of 618. The company has a market capitalization of $70.12, a PE ratio of 15.25 and a beta of 0.21. Patriot National Bancorp Inc. has a fifty-two week low of $13.35 and a fifty-two week high of $18.25. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.19 and a current ratio of 1.19.

Patriot National Bancorp (NASDAQ:PNBK) last issued its earnings results on Tuesday, October 31st. The bank reported $0.26 earnings per share (EPS) for the quarter. Patriot National Bancorp had a return on equity of 7.10% and a net margin of 14.33%. The firm had revenue of $7.44 million for the quarter.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 10th. Stockholders of record on Thursday, November 9th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date of this dividend was Wednesday, November 8th. Patriot National Bancorp’s dividend payout ratio is currently 3.39%.

An institutional investor recently raised its position in Patriot National Bancorp stock. River Oaks Capital LLC boosted its position in Patriot National Bancorp Inc. (NASDAQ:PNBK) by 21.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 50,895 shares of the bank’s stock after buying an additional 8,830 shares during the quarter. River Oaks Capital LLC owned approximately 1.33% of Patriot National Bancorp worth $816,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 2.45% of the company’s stock.

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Patriot National Bancorp Company Profile

Patriot National Bancorp, Inc is a one-bank holding company for Patriot Bank, N.A. (the Bank), a national banking association. The Bank offers consumer and commercial deposit accounts, such as checking, interest-bearing negotiable order of withdrawal (NOW) account, money market, time certificates of deposit, savings, Certificate of Deposit Account Registry Service (CDARS), individual retirement accounts (IRAs) and health savings accounts (HSAs).

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