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

Patriot National Bancorp, Inc. (NASDAQ:PNBK) President Steven Sugarman bought 7,019,978 shares of the firm’s stock in a transaction on Thursday, March 20th. The stock was purchased at an average cost of $0.75 per share, for a total transaction of $5,264,983.50. Following the completion of the acquisition, the president now owns 7,019,978 shares in the company, valued at approximately $5,264,983.50. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Patriot National Bancorp Stock Performance

NASDAQ PNBK opened at $1.37 on Friday. The firm’s 50 day simple moving average is $1.32 and its 200 day simple moving average is $1.68. The firm has a market capitalization of $5.45 million, a price-to-earnings ratio of -0.19 and a beta of 0.07. The company has a current ratio of 0.99, a quick ratio of 0.97 and a debt-to-equity ratio of 6.83. Patriot National Bancorp, Inc. has a 1 year low of $0.99 and a 1 year high of $4.01.

About Patriot National Bancorp

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.