Insider Buying: Patriot National Bancorp, Inc. (NASDAQ:PNBK) President Purchases 7,019,978 Shares of Stock

Patriot National Bancorp, Inc. (NASDAQ:PNBK) President Steven Sugarman acquired 7,019,978 shares of the firm’s stock in a transaction dated Thursday, March 20th. The shares were 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 directly owns 7,019,978 shares in the company, valued at approximately $5,264,983.50. This represents a ? increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Patriot National Bancorp Price Performance

PNBK stock opened at $1.21 on Wednesday. The firm has a market capitalization of $4.81 million, a P/E ratio of -0.16 and a beta of 0.54. Patriot National Bancorp, Inc. has a 52 week low of $0.99 and a 52 week high of $4.01. The company has a quick ratio of 0.97, a current ratio of 0.99 and a debt-to-equity ratio of 6.83. The company has a fifty day simple moving average of $1.34 and a two-hundred day simple moving average of $1.69.

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.