Patriot National Bancorp Inc. (NASDAQ:PNBK) Announces Earnings Results

Patriot National Bancorp Inc. (NASDAQ:PNBK) announced its earnings results on Monday, July 31st. The bank reported $0.21 EPS for the quarter, Bloomberg Earnings reports. The business had revenue of $6.66 million during the quarter. Patriot National Bancorp had a net margin of 14.87% and a return on equity of 6.89%.

Patriot National Bancorp (NASDAQ:PNBK) opened at 17.0001 on Friday. Patriot National Bancorp has a one year low of $13.00 and a one year high of $17.50. The company has a market capitalization of $65.65 million, a P/E ratio of 15.1787 and a beta of 0.23. The firm has a 50-day moving average of $16.68 and a 200-day moving average of $15.61.

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Monday, July 24th were issued a $0.01 dividend. The ex-dividend date of this dividend was Thursday, July 20th. This represents a $0.04 dividend on an annualized basis and a yield of 0.24%. Patriot National Bancorp’s dividend payout ratio is presently 3.54%.

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Patriot National Bancorp Company Profile

Patriot National Bancorp, Inc is a one-bank holding company for Patriot Bank, N.A. (the Bank), a national banking association. The Bank offers consumer and commercial deposit accounts, such as checking, interest-bearing negotiable order of withdrawal (NOW) account, money market, time certificates of deposit, savings, Certificate of Deposit Account Registry Service (CDARS), individual retirement accounts (IRAs) and health savings accounts (HSAs).

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