Patriot National Bancorp, Inc. (NASDAQ:PNBK) Sees Large Increase in Short Interest

Patriot National Bancorp, Inc. (NASDAQ:PNBK – Get Rating) saw a large growth in short interest in May. As of May 15th, there was short interest totalling 9,000 shares, a growth of 500.0% from the April 30th total of 1,500 shares. Based on an average daily volume of 6,100 shares, the short-interest ratio is currently 1.5 days. Currently, 0.4% of the shares of the stock are short sold.

Patriot National Bancorp Price Performance

Shares of NASDAQ PNBK traded down $0.23 during mid-day trading on Friday, reaching $6.96. The company’s stock had a trading volume of 908 shares, compared to its average volume of 6,446. The stock has a 50-day moving average of $8.59 and a two-hundred day moving average of $9.91. The company has a debt-to-equity ratio of 3.08, a quick ratio of 1.06 and a current ratio of 1.07. The stock has a market capitalization of $27.62 million, a P/E ratio of 5.16 and a beta of 0.56. Patriot National Bancorp has a 1-year low of $6.53 and a 1-year high of $14.60.

Patriot National Bancorp (NASDAQ:PNBK – Get Rating) last released its earnings results on Tuesday, March 7th. The bank reported $0.45 earnings per share for the quarter. Patriot National Bancorp had a net margin of 10.02% and a return on equity of 9.15%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC acquired a new stake in shares of Patriot National Bancorp during the 4th quarter worth approximately $141,000. Dimensional Fund Advisors LP increased its holdings in Patriot National Bancorp by 16.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 20,193 shares of the bank’s stock valued at $212,000 after purchasing an additional 2,811 shares during the last quarter. Larson Financial Group LLC increased its holdings in Patriot National Bancorp by 50.8% in the 4th quarter. Larson Financial Group LLC now owns 36,200 shares of the bank’s stock valued at $384,000 after purchasing an additional 12,200 shares during the last quarter. Vanguard Group Inc. increased its holdings in Patriot National Bancorp by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 51,602 shares of the bank’s stock valued at $874,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Boothbay Fund Management LLC increased its holdings in Patriot National Bancorp by 0.7% in the 4th quarter. Boothbay Fund Management LLC now owns 164,115 shares of the bank’s stock valued at $1,740,000 after purchasing an additional 1,193 shares during the last quarter. 38.75% of the stock is owned by hedge funds and other institutional investors.

Patriot National Bancorp Company Profile

(Get Rating)

Patriot National Bancorp, Inc operates as a bank holding company. The firm offers consumer and commercial deposit accounts, such as checking, interest-bearing negotiable order of withdrawal, money market, savings, prepaid deposit, online national money market, individual retirement accounts, and health savings accounts, as well as certificate of deposit account registry services.