Patriot National Bancorp Inc. $PNBK Shares Acquired by Curated Wealth Partners LLC

Curated Wealth Partners LLC boosted its position in Patriot National Bancorp Inc. (NASDAQ:PNBK) by 39.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 931,297 shares of the bank’s stock after acquiring an additional 264,630 shares during the quarter. Curated Wealth Partners LLC’s holdings in Patriot National Bancorp were worth $1,211,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Suncoast Equity Management purchased a new stake in shares of Patriot National Bancorp in the 2nd quarter valued at approximately $28,000. Elyxium Wealth LLC acquired a new position in shares of Patriot National Bancorp during the second quarter worth $32,000. JPMorgan Chase & Co. purchased a new position in Patriot National Bancorp in the second quarter valued at $32,000. Intech Investment Management LLC purchased a new position in Patriot National Bancorp in the second quarter valued at $34,000. Finally, Invesco Ltd. acquired a new stake in Patriot National Bancorp in the second quarter valued at $35,000. Institutional investors and hedge funds own 39.25% of the company’s stock.

Patriot National Bancorp Trading Up 4.3%

NASDAQ PNBK opened at $1.92 on Friday. The firm’s fifty day moving average price is $1.33 and its 200 day moving average price is $1.39. Patriot National Bancorp Inc. has a 12 month low of $0.90 and a 12 month high of $7.47. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.96 and a quick ratio of 0.94. The company has a market capitalization of $220.78 million, a price-to-earnings ratio of -0.71 and a beta of -0.63.

Patriot National Bancorp (NASDAQ:PNBK) last released its quarterly earnings data on Friday, November 14th. The bank reported ($0.03) earnings per share (EPS) for the quarter. Patriot National Bancorp had a negative net margin of 35.17% and a negative return on equity of 37.63%. The company had revenue of $7.22 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Patriot National Bancorp in a research report on Monday, December 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Patriot National Bancorp Profile

Patriot National Bancorp, Inc, through its subsidiary Patriot National Bank, operates as a community-oriented bank headquartered in Fort Lauderdale, Florida. The company offers a comprehensive suite of retail and commercial banking products and services to individuals, small- to mid-sized businesses and institutions. Its core deposit offerings include checking and savings accounts, money market accounts and certificates of deposit, all supported by online and mobile banking platforms.

On the lending side, Patriot National Bank provides commercial real estate and business loans, construction and development financing, residential mortgage lending and consumer installment loans.