Seacoast Banking Corporation of Florida (NASDAQ:SBCF – Get Free Report) and Patriot National Bancorp (NASDAQ:PNBK – Get Free Report) are both finance companies, but which is the superior business? We will contrast the two businesses based on the strength of their institutional ownership, analyst recommendations, earnings, valuation, profitability, risk and dividends.
Volatility and Risk
Seacoast Banking Corporation of Florida has a beta of 0.85, meaning that its stock price is 15% less volatile than the S&P 500. Comparatively, Patriot National Bancorp has a beta of -0.66, meaning that its stock price is 166% less volatile than the S&P 500.
Insider & Institutional Ownership
81.8% of Seacoast Banking Corporation of Florida shares are held by institutional investors. Comparatively, 39.3% of Patriot National Bancorp shares are held by institutional investors. 1.5% of Seacoast Banking Corporation of Florida shares are held by company insiders. Comparatively, 12.8% of Patriot National Bancorp shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.
Profitability
| Net Margins | Return on Equity | Return on Assets | |
| Seacoast Banking Corporation of Florida | 15.11% | 8.68% | 1.14% |
| Patriot National Bancorp | -19.14% | -13.71% | -1.13% |
Earnings and Valuation
This table compares Seacoast Banking Corporation of Florida and Patriot National Bancorp”s gross revenue, earnings per share (EPS) and valuation.
| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| Seacoast Banking Corporation of Florida | $935.52 million | 3.66 | $144.88 million | $1.57 | 22.53 |
| Patriot National Bancorp | $33.15 million | 4.12 | -$12.71 million | ($0.13) | -8.92 |
Seacoast Banking Corporation of Florida has higher revenue and earnings than Patriot National Bancorp. Patriot National Bancorp is trading at a lower price-to-earnings ratio than Seacoast Banking Corporation of Florida, indicating that it is currently the more affordable of the two stocks.
Dividends
Seacoast Banking Corporation of Florida pays an annual dividend of $0.76 per share and has a dividend yield of 2.1%. Patriot National Bancorp pays an annual dividend of $0.04 per share and has a dividend yield of 3.4%. Seacoast Banking Corporation of Florida pays out 48.4% of its earnings in the form of a dividend. Patriot National Bancorp pays out -30.8% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Seacoast Banking Corporation of Florida has raised its dividend for 4 consecutive years. Patriot National Bancorp is clearly the better dividend stock, given its higher yield and lower payout ratio.
Analyst Ratings
This is a breakdown of current ratings and price targets for Seacoast Banking Corporation of Florida and Patriot National Bancorp, as provided by MarketBeat.com.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| Seacoast Banking Corporation of Florida | 0 | 2 | 3 | 0 | 2.60 |
| Patriot National Bancorp | 1 | 0 | 0 | 0 | 1.00 |
Seacoast Banking Corporation of Florida currently has a consensus price target of $35.50, suggesting a potential upside of 0.37%. Given Seacoast Banking Corporation of Florida’s stronger consensus rating and higher possible upside, equities research analysts plainly believe Seacoast Banking Corporation of Florida is more favorable than Patriot National Bancorp.
Summary
Seacoast Banking Corporation of Florida beats Patriot National Bancorp on 13 of the 17 factors compared between the two stocks.
About Seacoast Banking Corporation of Florida
Seacoast Banking Corp. of Florida is a financial holding company, which engages in the provision of integrated financial services. It provides banking and investment services to businesses and consumers, including personal and business deposit products, Internet and mobile banking, personal, commercial and mortgage loans, wealth management services, and treasury management solutions. The company was founded in 1983 and is headquartered in Stuart, FL.
About Patriot National Bancorp
Patriot National Bancorp, Inc. operates as the holding company for Patriot Bank, N.A. that provides community banking services to individuals, small and medium-sized businesses, and professionals. The company accepts consumer and commercial deposit accounts, such as checking, interest-bearing negotiable order of withdrawal, money market, time certificates of deposit, savings, prepaid deposit, on-line national money market, individual retirement accounts, and health savings accounts, as well as certificate of deposit account registry service. Its loan portfolio comprises commercial real estate, commercial business, small business administration, construction, purchased residential real estate, and various consumer loans. The company also offers automated clearing house transfers, lockbox, internet banking, bill payment, remote deposit capture, debit card, money order, traveler's check, and automatic teller machine services. Patriot National Bancorp, Inc. was founded in 1994 and is headquartered in Stamford, Connecticut.
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