Patriot National Bancorp Inc (NASDAQ: PNBK) is -27.84% lower on its value in year-to-date trading and has touched a low of $0.99 and a high of $4.04 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PNBK stock was last observed hovering at around $1.06 in the last trading session, with the day’s gains setting it 0.34%.
Currently trading at $1.40, the stock is 28.42% and -0.59% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 19.55 million and changing 32.08% at the moment leaves the stock -20.30% off its SMA200. PNBK registered -63.40% loss for a year compared to 6-month loss of -15.66%. The firm has a 50-day simple moving average (SMA 50) of $1.4082 and a 200-day simple moving average (SMA200) of $1.7557.
The stock witnessed a 18.64% gain in the last 1 month and extending the period to 3 months gives it a -33.33%, and is 33.32% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 11.70% over the week and 11.03% over the month.
Patriot National Bancorp Inc (PNBK) has around 117 employees, a market worth around $5.57M and $64.56M in sales. Profit margin for the company is -45.58%. Distance from 52-week low is 41.41% and -65.35% from its 52-week high. The company has generated returns on investments over the last 12 months (-20.98%).
.
Patriot National Bancorp Inc (PNBK) Top Institutional Holders
16.0 institutions hold shares in Patriot National Bancorp Inc (PNBK), with institutional investors hold 26.15% of the company’s shares. The shares outstanding are 3.98M, and float is at 2.15M with Short Float at 15.43%. Institutions hold 11.52% of the Float.
The top institutional shareholder in the company is ALLIANCEBERNSTEIN L.P. with over 0.39 million shares valued at $0.73 million. The investor’s holdings represent 9.7829% of the PNBK Shares outstanding. As of 2024-06-30, the second largest holder is SIGULER GUFF ADVISERS, LLC with 0.25 million shares valued at $0.47 million to account for 6.2877 of the shares outstanding. The other top investors are AQR ARBITRAGE LLC which holds 0.17 million shares representing 4.3867% and valued at over $0.33 million, while CALDWELL SUTTER CAPITAL, INC. holds 3.7952 of the shares totaling 0.15 million with a market value of $0.28 million.
Patriot National Bancorp Inc (PNBK) Insider Activity
#####
