Patriot National Bancorp, Inc. operates as the holding company for Patriot Bank, N.A.
Adequate balance sheet and overvalued.
Share Price & News
How has Patriot National Bancorp's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PNBK has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: PNBK underperformed the US Banks industry which returned -17.7% over the past year.
Return vs Market: PNBK underperformed the US Market which returned 16.8% over the past year.
Price Volatility Vs. Market
How volatile is Patriot National Bancorp's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall StDo Institutions Own Patriot National Bancorp, Inc. (NASDAQ:PNBK) Shares?
2 months ago | Simply Wall StDoes Market Volatility Impact Patriot National Bancorp, Inc.'s (NASDAQ:PNBK) Share Price?
3 months ago | Simply Wall StDoes Patriot National Bancorp, Inc.'s (NASDAQ:PNBK) CEO Pay Compare Well With Peers?
Is Patriot National Bancorp undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: PNBK ($7.25) is trading above our estimate of fair value ($3.9)
Significantly Below Fair Value: PNBK is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: PNBK is unprofitable, so we can't compare its PE Ratio to the US Banks industry average.
PE vs Market: PNBK is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate PNBK's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PNBK is good value based on its PB Ratio (0.4x) compared to the US Banks industry average (0.8x).
How is Patriot National Bancorp forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Banks industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Patriot National Bancorp has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
How has Patriot National Bancorp performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PNBK is currently unprofitable.
Growing Profit Margin: PNBK is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: PNBK is unprofitable, and losses have increased over the past 5 years at a rate of 48% per year.
Accelerating Growth: Unable to compare PNBK's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: PNBK is unprofitable, making it difficult to compare its past year earnings growth to the Banks industry (-3%).
Return on Equity
High ROE: PNBK has a negative Return on Equity (-6.52%), as it is currently unprofitable.
How is Patriot National Bancorp's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: PNBK's Assets to Equity ratio (15.5x) is moderate.
Allowance for Bad Loans: PNBK has a low allowance for bad loans (66%).
Low Risk Liabilities: 86% of PNBK's liabilities are made up of primarily low risk sources of funding.
Loan Level: PNBK has an appropriate level of Loans to Assets ratio (81%).
Low Risk Deposits: PNBK's Loans to Deposits ratio (101%) is appropriate.
Level of Bad Loans: PNBK has a high level of bad loans (2%).
What is Patriot National Bancorp current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate PNBK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate PNBK's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if PNBK's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if PNBK's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: PNBK is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of PNBK's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Robert Russell (53 yo)
Mr. Robert Glenn Russell, Jr. serves as President and Chief Executive Officer of Patriot National Bancorp Inc. and Patriot Bank, National Association since July 2020. Mr. Russell joined Patriot from Milli ...
|Executive VP & CFO||3.25yrs||US$264.74k||0.014% |
|Secretary & Chief Human Resources Officer||5.75yrs||US$266.83k||0.068% |
|President & CEO||0.083yr||no data||no data|
Experienced Management: PNBK's management team is considered experienced (3.3 years average tenure).
|Chairman of the Board||9.83yrs||US$357.63k||0.55% |
|Independent Director||9.83yrs||US$57.63k||0.33% |
|Independent Director||9.83yrs||US$105.40k||0.56% |
|Independent Director||8.67yrs||US$101.18k||0.25% |
|Lead Independent Director||1.83yrs||US$117.60k||0.22% |
Experienced Board: PNBK's board of directors are considered experienced (9.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Patriot National Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Patriot National Bancorp, Inc.
- Ticker: PNBK
- Exchange: NasdaqGM
- Founded: 1999
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$28.530m
- Shares outstanding: 3.94m
- Website: https://www.bankpatriot.com
Number of Employees
- Patriot National Bancorp, Inc.
- 900 Bedford Street
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|PNBK||NasdaqGM (Nasdaq Global Market)||Yes||Common Stock||US||USD||Aug 1994|
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 comp ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/08/11 23:41|
|End of Day Share Price||2020/08/11 00:00|
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 here.