Financial Services · Banks - Regional
Price
$1.35
Market Cap
$158.8M
Employees
129
Beta
-0.66
Avg Volume
417,391
CEO
Steven Alan Sugarman
Business Description
Patriot National Bancorp, Inc. functions as the parent company for Patriot Bank, N.A., providing a full spectrum of community banking solutions. Its services cater to individuals, small and medium-sized businesses, and professionals. The bank offers a diverse range of deposit products, including standard checking accounts, interest-bearing negotiable order of withdrawal (NOW) accounts, money market accounts, savings accounts, and prepaid deposit accounts. Specialized options like online national money market accounts, individual retirement accounts (IRAs), and health savings accounts (HSAs) are also available, alongside certificate of deposit account registry service (CDARS). In terms of lending, Patriot National Bancorp's portfolio comprises commercial real estate loans, business loans (including Small Business Administration-backed options), construction financing, purchased residential real estate mortgages, and various consumer loan products. Beyond core banking, the company facilitates automated clearing house (ACH) transfers, lockbox services, comprehensive internet banking with bill payment capabilities, remote deposit capture, debit cards, money orders, traveler's checks, and automated teller machine (ATM) access. The company operates nine physical branches: eight are located across Fairfield and New Haven Counties in Connecticut, with an additional branch in Westchester County, New York. Founded in 1994, Patriot National Bancorp, Inc. is headquartered in Stamford, Connecticut.
Business History
Price Overview
Price at report time · Jul 2, 7:34pm (0m ago)
$1.35
Change · Jul 2
+0.15 (+12.50%)
Day Range
$1.20 – $1.35
52-Week Range
$0.86 – $2.00
50-Day MA
$1.10
200-Day MA
$1.32
Volume
1,748,739.00
Right now · live
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Real-time — the change above is the move since the report (over 0m).
Share Structure
Outstanding
117,595,907.00
Float
83,260,114.00
Free Float
70.8%
Normal free float
— 70.8% of shares trade freely, ~29.2% held by insiders/institutions
Healthy float typical of established companies. Good liquidity for entering and exiting positions without major price impact.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
-8.44
Stock Price: $1.35
EPS (Diluted): -0.16
EPS (Diluted): -0.16
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
1.50
Stock Price: $1.35
Total Equity: $94.68M
Shares: 78,123,095
Total Equity: $94.68M
Shares: 78,123,095
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
-8.74
Market Cap: $158.75M
Total Debt: $16.45M
Cash: $186.39M
EBITDA: -$11.46M
Total Debt: $16.45M
Cash: $186.39M
EBITDA: -$11.46M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
-$27.8M
Market Cap: $158.75M
Total Debt: $16.45M
Cash: $186.39M
Total Debt: $16.45M
Cash: $186.39M
P/S Ratio (Price per dollar of revenue)
APIStock Price / Revenue Per Share
2.44
Stock Price: $1.35
Revenue: $58.16M
Shares: 78,123,095
Revenue: $58.16M
Shares: 78,123,095
EV/Sales (Total value vs revenue — works when P/E can't)
API-0.48
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
48.0%
Gross Profit: $27.92M
Revenue: $58.16M
Revenue: $58.16M
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
-21.8%
Operating Income: -$12.65M
Revenue: $58.16M
Revenue: $58.16M
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
-21.9%
Net Income: -$12.71M
Revenue: $58.16M
Revenue: $58.16M
ROE (Profit from shareholder equity)
APINet Income / Total Equity
-13.5%
Net Income: -$12.71M
Total Equity: $94.68M
Total Equity: $94.68M
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
-9.0%
Operating Income: -$12.65M
Tax Rate: -0.5%
Equity: $94.68M
Total Debt: $16.45M
Cash: $186.39M
Tax Rate: -0.5%
Equity: $94.68M
Total Debt: $16.45M
Cash: $186.39M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
0.44
Current Assets: $421.57M
Current Liabilities: $965.79M
Current Liabilities: $965.79M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.17
Short-Term Debt: $0.00
Long-Term Debt: $16.45M
Total Debt: $16.45M
Total Equity: $94.68M
Long-Term Debt: $16.45M
Total Debt: $16.45M
Total Equity: $94.68M
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$0.74
Revenue: $58.16M
Shares: 78,123,095
Shares: 78,123,095
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$1.21
Total Equity: $94.68M
Shares: 78,123,095
Shares: 78,123,095
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$-0.18
Operating CF: -$14.17M
CapEx: -$172,000
Shares: 78,123,095
CapEx: -$172,000
Shares: 78,123,095
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $1.35
Stock Price: $1.35
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$12.71M
Net Income: -$12.71M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares PNBK against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jul 2, 2026 5:13pm (2h ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $36.6M | $47.4M | $64.7M | $60.6M | $58.2M |
| Cost of Revenue | $6.6M | $12.6M | $37.9M | $44.7M | $30.2M |
| Gross Profit | $30.1M | $34.7M | $26.8M | $15.8M | $27.9M |
| Operating Expenses | $25.0M | $27.0M | $32.5M | $31.9M | $40.6M |
| Operating Income | $5.0M | $7.8M | -$5.6M | -$16.1M | -$12.7M |
| Net Income | $5.1M | $6.2M | -$4.2M | -$39.9M | -$12.7M |
| EBITDA | $6.6M | $9.2M | -$4.3M | -$14.7M | -$11.5M |
| EPS | $1.29 | $1.56 | $-1.05 | $-10.01 | $-0.16 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jul 2, 2026 5:13pm (2h ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $47.0M | $38.5M | $52.5M | $147.6M | $186.4M |
| Total Current Assets | $147.2M | $130.3M | $80.4M | $172.8M | $421.6M |
| Total Assets | $948.5M | $1.0B | $1.1B | $1.0B | $1.1B |
| Current Liabilities | $759.3M | $867.7M | $840.3M | $966.6M | $965.8M |
| Long-Term Debt | $120.7M | $115.2M | $201.1M | $33.1M | $16.4M |
| Total Liabilities | $881.1M | $983.8M | $1.0B | $1.0B | $993.2M |
| Total Equity | $67.3M | $59.6M | $44.4M | $4.3M | $94.7M |
| Retained Earnings | -$37.5M | -$31.3M | -$47.0M | -$86.9M | -$99.6M |
Cash Flow (Annual)
Last updated: Jul 2, 2026 5:13pm (2h ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $7.6M | $7.0M | -$10.7M | $2.7M | -$14.2M |
| Capital Expenditure | $-430,000 | $-414,000 | $-412,000 | $-55,000 | $-172,000 |
| Free Cash Flow | $7.2M | $6.6M | -$11.1M | $2.6M | -$14.3M |
| Acquisitions (net) | $0 | $0 | $0 | $0 | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $12.4M | -$8.6M | $28.0M | $96.1M | $44.5M |
Analyst Estimates (Annual)
Last updated: Jul 2, 2026 5:13pm (2h ago)| Metric | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|
| Revenue |
$29.5M $29.5M – $29.5M
|
$29.5M $29.5M – $29.5M
|
$30.2M $30.2M – $30.2M
|
$33.4M $33.4M – $33.4M
|
| EBITDA |
$-770,244 $-770,244 – $-770,244
|
$-770,244 $-770,244 – $-770,244
|
$-788,521 $-788,521 – $-788,521
|
$-872,072 $-872,072 – $-872,072
|
| Net Income |
$111.7M $111.7M – $111.7M
|
$111.7M $111.7M – $111.7M
|
$50.0M $50.0M – $50.0M
|
$78.9M $78.9M – $78.9M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jul 2, 2026 5:13pm (2h ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +29.3% | +36.6% | -6.4% | -4.0% |
| Gross Profit Growth | +15.6% | -22.8% | -41.0% | +76.5% |
| Operating Income Growth | +54.7% | -172.6% | -185.8% | +21.4% |
| Net Income Growth | +20.9% | -167.8% | -854.3% | +68.1% |
| EBITDA Growth | +38.8% | -146.4% | -244.5% | +22.2% |
Insider Trading (Recent)
Last updated: Jul 2, 2026 5:13pm (2h ago)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-05-20 | Sugarman Steven | A-Award | 104,452.00 | $0.00 | $0 |
| 2026-05-20 | Sugarman Steven | A-Award | 575.00 | $0.00 | $0 |
| 2026-05-27 | De Tomasi Mario | P-Purchase | 85,000.00 | $0.96 | $81,600 |
| 2026-05-20 | Simmons William Paul | A-Award | 74,983.00 | $0.00 | $0 |
| 2026-05-20 | Salas Carlos P | A-Award | 74,983.00 | $0.00 | $0 |
| 2026-05-20 | De Tomasi Mario | P-Purchase | 87,719.00 | $1.15 | $100,877 |
| 2025-07-01 | De Tomasi Mario | A-Award | 66,667.00 | $0.00 | $0 |
| 2026-04-30 | Salas Carlos P | F-InKind | 123,683.00 | $1.23 | $152,130 |
| 2026-04-30 | Salas Carlos P | M-Exempt | 333,333.00 | $0.00 | $0 |
| 2026-04-30 | Salas Carlos P | M-Exempt | 333,333.00 | $0.00 | $0 |
| 2026-04-30 | Salas Carlos P | F-InKind | 121,776.00 | $1.23 | $149,784 |
| 2026-04-30 | Simmons William Paul | M-Exempt | 333,333.00 | $0.00 | $0 |
| 2026-04-30 | Simmons William Paul | M-Exempt | 333,333.00 | $0.00 | $0 |
| 2026-04-30 | Simmons William Paul | F-InKind | 121,776.00 | $1.23 | $149,784 |
| 2026-04-30 | Miranda Angie | M-Exempt | 150,000.00 | $0.00 | $0 |
| 2026-04-30 | Miranda Angie | M-Exempt | 150,000.00 | $0.00 | $0 |
| 2026-04-30 | Miranda Angie | F-InKind | 56,718.00 | $1.23 | $69,763 |
| 2026-03-03 | Magzanyan Anahit | P-Purchase | 400.00 | $1.32 | $528 |
| 2025-08-19 | Magzanyan Anahit | P-Purchase | 500.00 | $1.59 | $795 |
| 2025-07-24 | Magzanyan Anahit | P-Purchase | 175.00 | $1.55 | $271 |
Dividend History (Last 20)
Last updated: Jul 2, 2026 5:13pm (2h ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2019-12-06 | $0.01 | 2019-11-29 | 2019-12-09 | 2019-12-19 |
| 2019-08-30 | $0.01 | 2019-08-23 | 2019-09-03 | 2019-09-13 |
| 2019-06-03 | $0.01 | 2019-05-24 | 2019-06-04 | 2019-06-11 |
| 2019-03-08 | $0.01 | 2019-02-26 | 2019-03-11 | 2019-03-18 |
| 2018-11-23 | $0.01 | 2018-11-15 | 2018-11-26 | 2018-12-04 |
| 2018-08-16 | $0.01 | 2018-08-06 | 2018-08-17 | 2018-08-24 |
| 2018-05-16 | $0.01 | 2018-05-04 | 2018-05-17 | 2018-05-22 |
| 2018-02-09 | $0.01 | 2018-02-02 | 2018-02-12 | 2018-02-16 |
| 2017-11-08 | $0.01 | 2017-10-31 | 2017-11-09 | 2017-11-10 |
| 2017-07-20 | $0.01 | 2017-07-17 | 2017-07-24 | 2017-08-01 |
| 2009-05-17 | $0.00 | 2009-05-18 | 2009-05-28 | |
| 2009-01-02 | $0.05 | 2008-12-18 | 2009-01-06 | 2009-01-20 |
| 2008-10-03 | $0.05 | 2008-09-19 | 2008-10-07 | 2008-10-21 |
| 2008-06-27 | $0.05 | 2008-06-18 | 2008-07-01 | 2008-07-15 |
| 2008-04-01 | $0.05 | 2008-03-20 | 2008-04-03 | 2008-04-17 |
| 2007-12-28 | $0.05 | 2007-12-20 | 2008-01-02 | 2008-01-16 |
| 2007-09-28 | $0.05 | 2007-09-20 | 2007-10-02 | 2007-10-16 |
| 2007-06-29 | $0.05 | 2007-06-07 | 2007-07-03 | 2007-07-17 |
| 2007-03-30 | $0.05 | 2007-03-22 | 2007-04-03 | 2007-04-17 |
| 2006-12-28 | $0.05 | 2006-12-21 | 2007-01-02 | 2007-01-16 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for PNBK — it's generated by the pipeline (
market-narrative step).
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.372 · 16e8a815 · 2026-07-02 18:19:59