Patriot National Bancorp, Inc. (NASDAQ:PNBK) President Purchases $5,264,983.50 in Stock

Patriot National Bancorp, Inc. (NASDAQ:PNBK) President Steven Sugarman acquired 7,019,978 shares of the stock in a transaction that occurred on Thursday, March 20th. The shares were bought at an average price of $0.75 per share, with a total value of $5,264,983.50. Following the completion of the transaction, the president now owns 7,019,978 shares in the company, valued at $5,264,983.50. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Patriot National Bancorp Stock Performance

Shares of Patriot National Bancorp stock opened at $1.37 on Friday. The company’s 50 day moving average price is $1.32 and its two-hundred day moving average price is $1.68. The firm has a market capitalization of $5.45 million, a P/E ratio of -0.19 and a beta of 0.07. The company has a debt-to-equity ratio of 6.83, a current ratio of 0.99 and a quick ratio of 0.97. Patriot National Bancorp, Inc. has a fifty-two week low of $0.99 and a fifty-two week high of $4.01.

Patriot National Bancorp Company Profile

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, on-line national money market, individual retirement accounts, and health savings accounts, as well as certificate of deposit account registry service.