Patriot National Bancorp (PNBK) Sees Stock Surge Amidst Banking Sector Volatility

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Patriot National Bancorp (PNBK, Financial) experienced a significant stock price increase of 5.26%. The stock is trading at $1.60 per share with a trading volume of 13,080 shares and a turnover rate of 0.33%. It saw a price fluctuation of 5.92%.

Financial reports indicate the company earned $15.28 million in revenue but reported a net loss of $3.08 million, resulting in an earning per share of -$0.77. The price-to-earnings ratio stands at -1.01. Currently, no institutions have provided a "buy, hold, or sell" rating on the stock.

In the banking sector, where PNBK operates, there was an overall decline of 0.49%. Companies showing notable gains include United Community Banks, Patriot National Bancorp (PNBK, Financial), and Home Bancshares. Active stocks with high turnover rates include Saunders Spring Bank, Atlantic Union Bankshares Corp., and Rocket Companies, Inc. Stocks with high price volatility include Home Bancshares, Zions Bancorporation, and Velocity Financial.

Patriot National Bancorp primarily serves individuals, small to medium-sized businesses, professionals, and municipalities in Fairfield County, Connecticut; New Haven County, Connecticut; and Westchester County, New York. The bank offers services such as checking and savings accounts, money market accounts, time deposits, and IRAs. Their loan portfolio includes commercial mortgages, construction loans, business loans, home improvement loans, home equity lines of credit, and personal loans. Additionally, they provide services like bank checks, money orders, ATMs, interactive teller machines, online and mobile banking, credit cards, and debit cards.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.