Patriot National Bancorp (NASDAQ:PNBK) Shares Pass Above 200 Day Moving Average of $14.91

Patriot National Bancorp (NASDAQ:PNBK) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $14.91 and traded as high as $13.20. Patriot National Bancorp shares last traded at $13.20, with a volume of 0 shares traded.

A number of analysts have commented on PNBK shares. ValuEngine raised Patriot National Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, September 10th. TheStreet cut Patriot National Bancorp from a “c” rating to a “d+” rating in a research report on Tuesday, September 3rd.

The stock has a 50-day simple moving average of $13.62 and a 200 day simple moving average of $14.91. 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 released its quarterly earnings data on Friday, August 23rd. The bank reported ($0.42) earnings per share for the quarter, missing the Zacks’ 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 net margin of 0.86% and a negative return on equity of 0.57%.

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

About Patriot National Bancorp (NASDAQ:PNBK)

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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