Patriot National Bancorp (NASDAQ:PNBK) Short Interest Update

Patriot National Bancorp (NASDAQ:PNBK) saw a significant decline in short interest during the month of September. As of September 30th, there was short interest totalling 100 shares, a decline of 50.0% from the August 30th total of 200 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 800 shares, the days-to-cover ratio is currently 0.1 days.

Patriot National Bancorp stock remained flat at $$12.52 during trading on Friday. 100 shares of the company were exchanged, compared to its average volume of 320. Patriot National Bancorp has a one year low of $12.52 and a one year high of $23.50. The firm has a 50-day moving average of $13.18 and a 200 day moving average of $14.75. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.73.

Patriot National Bancorp (NASDAQ:PNBK) last issued its quarterly earnings data on Friday, August 23rd. The bank reported ($0.42) earnings per share for the quarter, missing the 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 return on equity of 0.57% and a negative net margin of 0.86%.

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

PNBK has been the subject of a number of recent research reports. ValuEngine upgraded shares of Patriot National Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, September 10th. TheStreet downgraded shares of Patriot National Bancorp from a “c” rating to a “d+” rating in a research note on Tuesday, September 3rd.

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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