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

Patriot National Bancorp, Inc. (NASDAQ:PNBK) President Steven Sugarman purchased 7,019,978 shares of the company’s stock in a transaction on Thursday, March 20th. The stock was purchased 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 of the company’s stock, valued at approximately $5,264,983.50. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Patriot National Bancorp Stock Up 4.3 %

PNBK opened at $1.21 on Wednesday. The stock has a market cap of $4.81 million, a price-to-earnings ratio of -0.16 and a beta of 0.54. The company has a debt-to-equity ratio of 6.83, a quick ratio of 0.97 and a current ratio of 0.99. The firm’s fifty day moving average is $1.34 and its 200 day moving average is $1.69. Patriot National Bancorp, Inc. has a fifty-two week low of $0.99 and a fifty-two week 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.