Shares of Patriot National Bancorp Inc. (NASDAQ:PNBK – Get Free Report) crossed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $1.14 and traded as low as $0.9509. Patriot National Bancorp shares last traded at $0.9509, with a volume of 58,985 shares changing hands.
Analyst Ratings Changes
Separately, Weiss Ratings downgraded Patriot National Bancorp from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, September 1st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.
Check Out Our Latest Research Report on Patriot National Bancorp
Patriot National Bancorp Price Performance
Institutional Investors Weigh In On Patriot National Bancorp
An institutional investor recently raised its stake in Patriot National Bancorp stock. Bank of America Corp DE increased its holdings in Patriot National Bancorp Inc. (NASDAQ:PNBK – Free Report) by 42.8% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 61,864 shares of the bank’s stock after buying an additional 18,538 shares during the quarter. Bank of America Corp DE owned about 0.05% of Patriot National Bancorp worth $80,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 39.25% of the company’s stock.
About Patriot National Bancorp
Patriot National Bancorp, Inc is the bank holding company for Patriot Bank, N.A., a community-focused financial institution headquartered in Stamford, Connecticut. The bank provides banking and financial services to individuals, families, businesses and organizations in the markets it serves.
Patriot Bank offers deposit products, including checking, savings, money market and certificate of deposit accounts, as well as lending services. Its loan portfolio includes residential and commercial real estate financing, commercial and industrial loans, construction lending and consumer credit.
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