Patriot National Bancorp (PNBK, Financial) experienced a significant stock price increase of 7.09%, reaching $1.94 per share. Trading volume was recorded at 2,256 shares with a turnover rate of 0.06% and a price fluctuation of 2.76%.
Recent financial results show the company reported revenue of $15.28 million with a net loss of $3.08 million, translating to an earnings per share (EPS) of -$0.77. The price-to-earnings (P/E) ratio stands at -1.18. Currently, no institutional ratings are available for the stock regarding buy, hold, or sell recommendations.
In the broader banking sector, the industry saw a collective rise of 0.38%. Notably, stocks such as Kentucky First Federal Bancorp, Intercorp Financial Services Inc., and Finward Bancorp showed considerable gains. Other active stocks in the sector included Rocket Companies, Inc., Pineapple Financial Inc., and Uwm Holdings Corporation, with turnover rates of 5.62%, 2.74%, and 1.33%, respectively. Significant price fluctuations were observed in stocks like SHF Holdings Inc C/Wts, Pineapple Financial Inc., and SHF Holdings, Inc., with amplitudes of 32.37%, 18.99%, and 16.14%.
Patriot National Bancorp operates in Connecticut and New York, providing consumer and commercial banking services to individuals, small to medium-sized businesses, professionals, and municipalities. Its product offerings include various account types and loans, as well as ATM, interactive teller machine, online, and mobile banking services.
