Patriot National Bancorp (NASDAQ:PNBK) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Patriot National Bancorp Inc. (NASDAQ:PNBK) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.42 and traded as high as $1.46. Patriot National Bancorp shares last traded at $1.44, with a volume of 1,618,864 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Patriot National Bancorp in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Patriot National Bancorp Trading Down 5.8%

The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.94 and a current ratio of 0.96. The firm has a market cap of $148.34 million, a price-to-earnings ratio of -0.48 and a beta of -0.68. The company’s 50-day moving average is $1.42 and its 200-day moving average is $1.42.

Patriot National Bancorp (NASDAQ:PNBK) last announced its earnings results on Tuesday, March 10th. The bank reported $0.01 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 $9.82 million for the quarter.

Institutional Investors Weigh In On Patriot National Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Curated Wealth Partners LLC boosted its holdings in Patriot National Bancorp by 39.7% in the third quarter. Curated Wealth Partners LLC now owns 931,297 shares of the bank’s stock valued at $1,211,000 after acquiring an additional 264,630 shares during the last quarter. Rinkey Investments bought a new position in shares of Patriot National Bancorp in the 2nd quarter valued at about $231,000. Goldman Sachs Group Inc. grew its position in shares of Patriot National Bancorp by 21.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 94,249 shares of the bank’s stock worth $172,000 after buying an additional 16,893 shares during the period. Citadel Advisors LLC bought a new stake in shares of Patriot National Bancorp during the third quarter worth approximately $116,000. Finally, Deutsche Bank AG raised its stake in shares of Patriot National Bancorp by 35.5% during the fourth quarter. Deutsche Bank AG now owns 59,272 shares of the bank’s stock worth $108,000 after buying an additional 15,516 shares during the last quarter. Institutional investors own 39.25% of the company’s stock.

About Patriot National Bancorp

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.