Patriot National Bancorp (PNBK) AI Stock Analysis

• Market Cap: $6.07M
• Dividend Yield: N/A
• Average Volume (3M): 933.64K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.87
• Revenue Growth: 3.86%
• EPS Growth: -804.39%
• Country: US
• Employees: 117
• Sector: Financial
• Sector Strength: 84
• Industry: Banking
• EPS (TTM): -7.40
• Shares Outstanding: 3,991,852
• 10 Day Avg. Volume: 2,344,141
• 30 Day Avg. Volume: 933,642
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.20
• Price to Cash Flow (P/CF): -0.50
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

PNBK's overall stock score is low due to financial instability marked by high leverage and negative profitability. Technical indicators show some negative momentum, while the company's valuation is weak with a negative P/E ratio. The lack of positive earnings call insights contributes to the uncertainty surrounding the stock's future performance.

Patriot National Bancorp Business Overview & Revenue Model

Company Description

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, savings, prepaid deposit, on-line national money market, individual retirement accounts, and health savings accounts, as well as certificate of deposit account registry service. Its loan portfolio comprises commercial real estate, commercial business, small business administration, construction, purchased residential real estate, and various consumer loans. The company also offers automated clearing house transfers, lockbox, Internet banking, bill payment, remote deposit capture, debit card, money order, traveler's check, and automatic teller machine services. It operated through a network of eight branch offices located in Fairfield and New Haven Counties, Connecticut; and one branch offices located in Westchester County, New York. The company was founded in 1994 and is headquartered in Stamford, Connecticut.

How the Company Makes Money

Patriot National Bancorp generates revenue primarily through the interest income earned on loans and investments. The bank provides various types of loans, such as commercial real estate loans, residential mortgages, and consumer loans, with interest payments constituting a significant portion of its income. Additionally, the company earns money from fee-based services, including transaction fees, account maintenance fees, and wealth management services. Another revenue stream comes from the interest received from investments in securities. The bank's earnings are further supported by strategic partnerships and relationships with other financial institutions that enhance its service offerings and customer reach.

Patriot National Bancorp Financial Statement Overview

Summary

Patriot National Bancorp faces challenges with profitability and leverage, with a volatile income pattern and high debt levels. Despite improving cash flows, the company shows significant financial instability.

Income Statement

The company shows a volatile income pattern with recent negative net income and declining revenues in TTM (Trailing-Twelve-Months). The gross profit margin remains healthy, but the net profit margin is significantly negative due to high expenses. Revenue growth has fluctuated, indicating instability in earning performance.

Balance Sheet

The balance sheet reveals a concerning trend with a high debt-to-equity ratio, suggesting significant leverage. Stockholders' equity has decreased over time, reflecting financial pressure. However, the equity ratio remains low, pointing to potential risks if liabilities continue to increase.

Cash Flow

Cash flow analysis shows some positive trends with improving operating and free cash flows in the TTM. However, the cash flow to net income ratios are volatile, and past periods have shown negative free cash flow, indicating challenges in maintaining positive liquidity.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
45.40M	27.08M	36.63M	29.55M	25.96M	27.75M
	Gross Profit
43.16M	27.08M	36.63M	29.55M	25.96M	27.75M
	EBIT
6.41M	-4.28M	17.03M	5.01M	-4.16M	-3.72M
	EBITDA
-4.95M	-4.28M	9.23M	6.65M	-2.56M	-2.02M
	Net Income Common Stockholders
-29.43M	-4.18M	6.16M	5.09M	-3.82M	-2.82M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
105.93M	52.52M	89.70M	141.39M	83.90M	87.72M
	Total Assets
951.54M	1.09B	1.04B	948.48M	880.73M	979.84M
	Total Debt
130.98M	201.10M	115.19M	120.72M	120.81M	130.90M
	Net Debt
64.03M	148.59M	76.70M	73.68M	86.18M	91.50M
	Total Liabilities
882.36M	1.05B	983.78M	120.72M	120.81M	130.90M
	Stockholders Equity
69.19M	44.38M	59.58M	67.34M	63.22M	66.99M
Cash Flow		Free Cash Flow
3.91M	-11.13M	6.62M	7.17M	6.21M	-12.47M
	Operating Cash Flow
3.92M	-10.71M	7.04M	7.60M	6.28M	-11.91M
	Investing Cash Flow
123.40M	-27.18M	-122.05M	-55.20M	82.92M	-41.78M
	Financing Cash Flow
-133.47M	65.93M	106.46M	60.02M	-93.97M	26.66M

Patriot National Bancorp Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.52
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PNBK, the sentiment is Positive. The current price of 1.52 is above the 20-day moving average (MA) of 1.14, above the 50-day MA of 1.39, and below the 200-day MA of 1.75, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 62.74 is Neutral, neither overbought nor oversold. The STOCH value of 69.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PNBK.

Patriot National Bancorp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HBCP	75 Outperform	$372.98M	10.05	9.54%	2.25%	11.26%	-8.61%
MBIN	72 Outperform	$1.79B	6.18	16.25%	0.92%	23.69%	11.97%
FMAO	68 Neutral	$332.23M	12.82	7.83%	3.64%	15.00%	12.44%
Sector *	64 Neutral	$14.59B	10.31	8.70%	4.21%	16.52%	-11.97%
FUNC	58 Neutral	$201.69M	9.90	12.06%	2.69%	16.51%	40.31%
CZWI	55 Neutral	$145.05M	10.96	7.80%	2.48%	5.41%	7.23%
PNBK	41 Neutral	$6.07M	―	-104.43%	―	3.86%	-804.39%

Patriot National Bancorp Corporate Events

Patriot National Bancorp Appoints Steven Sugarman as President

On December 30, 2024, Patriot National Bancorp announced the appointment of Steven Sugarman as its President and Board member, tasked with leading the company’s strategic restructuring efforts. His role will focus on addressing capital, operational, and strategic challenges to maximize shareholder value, drawing on his extensive experience in financial management and strategic planning.

Patriot National Bancorp Appoints David Finn as Interim CFO

Patriot National Bancorp, Inc. has appointed David Finn as Interim CFO and Executive VP, following the retirement of Joseph Perillo. Finn, with a rich background in finance including roles at First Citizens Bank and CIT Group Inc., brings extensive experience to the role. He will receive a competitive salary and equity grant, while Perillo continues part-time on strategic projects.