Brean Capital Reaffirms Buy Rating for Patriot National Bancorp (PNBK)

Brean Capital restated their buy rating on shares of Patriot National Bancorp (NASDAQ:PNBK) in a report issued on Monday morning.

Shares of PNBK stock opened at $19.50 on Monday. The firm has a market capitalization of $76.13 million, a price-to-earnings ratio of 18.75 and a beta of -0.11. Patriot National Bancorp has a 52 week low of $15.30 and a 52 week high of $21.00. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.17 and a current ratio of 1.17.

Patriot National Bancorp (NASDAQ:PNBK) last announced its quarterly earnings results on Friday, May 4th. The bank reported $0.27 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.06). The company had revenue of $7.39 million during the quarter. Patriot National Bancorp had a return on equity of 6.18% and a net margin of 9.48%.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 22nd. Shareholders of record on Thursday, May 17th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.21%. The ex-dividend date of this dividend is Wednesday, May 16th.

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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