NasdaqGM:PNBK

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Patriot National Bancorp

Executive Summary

Patriot National Bancorp, Inc. operates as the holding company for Patriot Bank, N.A.


Snowflake Analysis

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.


Market Performance


7 Day Return

18.9%

PNBK

7.1%

US Banks

-0.04%

US Market


1 Year Return

-50.0%

PNBK

-14.6%

US Banks

17.1%

US Market

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.


Shareholder returns

PNBKIndustryMarket
7 Day18.9%7.1%-0.04%
30 Day20.2%8.7%5.1%
90 Day29.5%22.8%19.5%
1 Year-49.9%-50.0%-11.6%-14.6%19.6%17.1%
3 Year-57.1%-57.4%-7.4%-14.9%42.5%33.3%
5 Year-59.5%-59.7%18.3%3.9%75.1%56.2%

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

Valuation

Is Patriot National Bancorp undervalued compared to its fair value and its price relative to the market?

0.44x

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).


Next Steps

Future Growth

How is Patriot National Bancorp forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

26.8%

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.


Next Steps

Past Performance

How has Patriot National Bancorp performed over the past 5 years?

-48.0%

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.


Next Steps

Financial Health

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


Balance Sheet


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%).


Next Steps

Dividend

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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.3yrs

Average management tenure


CEO

Robert Russell (53 yo)

0.083

Tenure

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 ...


Leadership Team

NamePositionTenureCompensationOwnership
Joseph Perillo
Executive VP & CFO3.25yrsUS$264.74k0.014%
$ 3.9k
Frederick Staudmyer
Secretary & Chief Human Resources Officer5.75yrsUS$266.83k0.068%
$ 19.3k
Robert Russell
President & CEO0.083yrno datano data

3.3yrs

Average Tenure

64yo

Average Age

Experienced Management: PNBK's management team is considered experienced (3.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Michael Carrazza
Chairman of the Board9.83yrsUS$357.63k0.55%
$ 157.9k
Michael Weinbaum
Independent Director9.83yrsUS$57.63k0.33%
$ 92.8k
Emile Van den Bol
Independent Director9.83yrsUS$105.40k0.56%
$ 160.8k
Raymond Smyth
Independent Director8.67yrsUS$101.18k0.25%
$ 72.4k
Edward Constantino
Lead Independent Director1.83yrsUS$117.60k0.22%
$ 63.8k

9.8yrs

Average Tenure

56yo

Average Age

Experienced Board: PNBK's board of directors are considered experienced (9.8 years average tenure).


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Patriot National Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • Patriot National Bancorp, Inc.
  • 900 Bedford Street
  • Stamford
  • Connecticut
  • 6901
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PNBKNasdaqGM (Nasdaq Global Market)YesCommon StockUSUSDAug 1994

Biography

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/11 23:41
End of Day Share Price2020/08/11 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.