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Patriot National Bancorp, Inc.NasdaqGM:PNBK Stock Report

Market Cap US$133.7m
Share Price
US$1.02
US$10.96
90.7% undervalued intrinsic discount
1Y-70.3%
7D-9.7%
1D
Portfolio Value
​
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Patriot National Bancorp, Inc.

NasdaqGM:PNBK Stock Report

Market Cap: US$133.7m

Patriot National Bancorp (PNBK) Stock Overview

Operates as the holding company for Patriot Bank, N.A. More details

PNBK fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health4/6
Dividends0/6

Risk Analysis

Earnings have declined by 61.5% per year over past 5 years

Shareholders have been substantially diluted in the past year


PNBK Community Fair Values

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Patriot National Bancorp, Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Patriot National Bancorp
Historical stock prices
Current Share PriceUS$1.02
52 Week HighUS$5.40
52 Week LowUS$0.90
Beta-0.63
1 Month Change-22.14%
3 Month Change-23.88%
1 Year Change-70.26%
3 Year Change-86.20%
5 Year Change-87.91%
Change since IPO-98.49%

Recent News & Updates

Recent updates

Seeking Alpha • Sep 10

Recapitalization And New Leadership Aim To Save Patriot National Bancorp

Summary Patriot National Bancorp (NASDAQ: PNBK) has suffered massive losses and dilution, with profitability still in question and the stock trading in penny territory, reflecting market skepticism. The investment thesis hinges on new leadership, particularly CEO Stephen Sugarman, whose track record and insider holdings offer hope for a turnaround. Recent quarters show modest improvements in credit metrics and net interest margin, but the bank remains highly speculative and faces significant risks. New management and insider alignment keep me from giving the stock a Sell rating, but a realistic path to profitability needs to be clear before considering PBNK a Buy. Read the full article on Seeking Alpha
Analysis Article • Aug 01

Should You Be Adding Patriot National Bancorp (NASDAQ:PNBK) To Your Watchlist Today?

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Analysis Article • Mar 21

Here's Why We Think Patriot National Bancorp (NASDAQ:PNBK) Might Deserve Your Attention Today

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
Seeking Alpha • Aug 05

Patriot National Bancorp GAAP EPS of $0.32, revenue of $8.52M

Patriot National Bancorp press release (NASDAQ:PNBK): Q2 GAAP EPS of $0.32. Revenue of $8.52M (+27.4% Y/Y).
Seeking Alpha • Jul 21

Patriot National announces termination of merger with American Challenger

Patriot National (NASDAQ:PNBK) notifies the termination of the merger pact, dated November 14, 2021, between Patriot and American Challenger Development Corp. as amended. The parties have mutually determined that not all closing conditions of the merger can be satisfied under the current structure and agreement. Although the parties remain in active discussions regarding a modified transaction, it is uncertain whether a new agreement can be reached. Accordingly, it was by mutual consent of the companies and was unanimously approved by the boards of each company to terminate the existing merger pact. When the companies announced the deal in November 2021, they had expected to close the transactions in Q1 2022. Patriot said the acquisition of American Challenger will create a digital-first national bank. Earlier this month, Patriot National Bancorp received OCC approval for American Challenger merger.
Seeking Alpha • Jul 06

Patriot National Bancorp gets OCC approval for American Challenger merger

Patriot National Bancorp's (NASDAQ:PNBK) Patriot Bank, N.A., received an approval from the Office of the Comptroller that's needed for its merger with American Challenger Development, the company said Wednesday. The OCC approval will automatically terminate if the proposed transactions aren't completed within six months of June 30, 2022, unless the OCC grants an extension. Patriot (PNBK) said it's is working with American Challenger and investors in order to meet the remaining closing conditions. When the companies announced the deal in November 2021, they had expected to close the transactions in Q1 2022. Patriot said the acquisition of American Challenger will create a digital-first national bank.

Shareholder Returns

PNBKUS BanksUS Market
7D-9.7%3.8%2.5%
1Y-70.3%20.9%26.4%

Return vs Industry: PNBK underperformed the US Banks industry which returned 22.3% over the past year.

Return vs Market: PNBK underperformed the US Market which returned 28.7% over the past year.

Price Volatility

Is PNBK's price volatile compared to industry and market?
PNBK volatility
PNBK Average Weekly Movement8.1%
Banks Industry Average Movement3.4%
Market Average Movement7.2%
10% most volatile stocks in US Market16.5%
10% least volatile stocks in US Market3.1%

Stable Share Price: PNBK has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: PNBK's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1994107Steve Sugarmanbankpatriot.com

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, online 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.

Patriot National Bancorp, Inc. Fundamentals Summary

How do Patriot National Bancorp's earnings and revenue compare to its market cap?
PNBK fundamental statistics
Market capUS$133.67m
Earnings (TTM)-US$11.69m
Revenue (TTM)US$32.68m
1.4x
P/B Ratio
3.9x
P/S Ratio

Is PNBK overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
PNBK income statement (TTM)
RevenueUS$32.68m
Cost of RevenueUS$0
Gross ProfitUS$32.68m
Other ExpensesUS$44.36m
Earnings-US$11.69m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)-0.094
Gross Margin100.00%
Net Profit Margin-35.77%
Debt/Equity Ratio29.4%

How did PNBK perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/26 08:55
End of Day Share Price 2026/05/26 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Patriot National Bancorp, Inc. is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Brian MeredithUBS Investment Bank