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Patriot National Bancorp ( (PNBK) ) has provided an announcement.
Patriot National Bancorp, Inc. announced a stock and warrant purchase agreement with accredited investors on August 29, 2025, to issue and sell 31,985,103 shares of its common stock in a direct offering. The offering is expected to raise approximately $25.6 million before expenses, which will be used for general corporate purposes. The closing of the offering is anticipated around September 3, 2025, with no underwriter or placement agent involved.
The most recent analyst rating on (PNBK) stock is a Hold with a $2.00 price target. To see the full list of analyst forecasts on Patriot National Bancorp stock, see the PNBK Stock Forecast page.
Spark’s Take on PNBK Stock
According to Spark, TipRanks’ AI Analyst, PNBK is a Neutral.
Patriot National Bancorp’s overall stock score reflects significant financial challenges, with negative earnings and cash flow issues weighing heavily. However, recent corporate events and moderate technical indicators provide some optimism. The company’s strategic initiatives, including leadership changes and capital strengthening, are positive steps towards improving its financial health and market position.
To see Spark’s full report on PNBK stock, click here.
More about Patriot National Bancorp
Average Trading Volume: 742,986
Technical Sentiment Signal: Strong Sell
Current Market Cap: $145.8M
Learn more about PNBK stock on TipRanks’ Stock Analysis page.