Patriot National Bancorp Inc (PNBK) Receives a Hold from Brean Capital

By Carrie Williams

In a report issued on March 15, Blair Brantley from Brean Capital reiterated a Hold rating on Patriot National Bancorp Inc (PNBKResearch Report). The company’s shares closed on Friday at $14.40, close to its 52-week low of $13.80.

According to TipRanks.com, Brantley is a 1-star analyst with an average return of -2.0% and a 32.5% success rate. Brantley covers the Financial sector, focusing on stocks such as Carolina Financial Corporation, Union Bankshares Corporation, and Community Bankers Trust Corp.

Patriot National Bancorp Inc has an analyst consensus of Hold.

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Based on Patriot National Bancorp Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $172K. In comparison, last year the company had a net profit of $600K.

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Patriot National Bancorp, Inc. operates as a bank holding company. Through its subsidiary, it offers consumer and commercial banking services to individuals, government, nonprofit entities, small and medium-sized businesses, and professionals.