Patriot National Bancorp ( (PNBK) ) has issued an announcement.
On April 30, 2025, Patriot National Bancorp, Inc. announced the appointment of Steven Sugarman as President, Chief Executive Officer, and Director of its wholly-owned subsidiary, Patriot Bank, N.A., effective immediately. Angie Miranda was appointed as Executive Vice President, Chief Risk Officer, effective May 6, 2025. These leadership changes are expected to bring significant experience and strategic direction to the bank, potentially impacting its operations and market positioning positively. Sugarman’s extensive background in financial services and Miranda’s expertise in risk management are anticipated to strengthen the bank’s leadership team.
Spark’s Take on PNBK Stock
According to Spark, TipRanks’ AI Analyst, PNBK is a Neutral.
Patriot National Bancorp is challenged by significant financial difficulties, including persistent net losses and cash flow issues. While technical analysis shows strong momentum, valuation metrics are weak, reflecting ongoing profitability concerns. The recent capital raise is a positive development but financial viability remains a concern.
To see Spark’s full report on PNBK stock, click here.
More about Patriot National Bancorp
YTD Price Performance: 120.05%
Average Trading Volume: 1,434,101
Technical Sentiment Signal: Buy
Current Market Cap: $303.4M
For a thorough assessment of PNBK stock, go to TipRanks’ Stock Analysis page.