Patriot National Bancorp (PNBK) AI Stock Analysis

• Market Cap: $124.63M
• Dividend Yield: N/A
• Average Volume (3M): 1.37M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.47
• Revenue Growth: -10.46%
• EPS Growth: -984.80%
• Country: US
• Employees: 129
• Sector: Financial
• Sector Strength: 81
• Industry: Banks - Regional
• EPS (TTM): -10.02
• Shares Outstanding: 84,783,830
• 10 Day Avg. Volume: 1,886,531
• 30 Day Avg. Volume: 1,373,760
• PEG Ratio: 0.26
• Price to Book (P/B): 0.25
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -17.93
• Enterprise Value/Market Cap: -0.06
• Enterprise Value/Revenue: -0.03
• Enterprise Value/Gross Profit: -0.49
• Enterprise Value/Ebitda: 0.17
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 50 Neutral
• Price Target: $1.50 ▲(2.04%Upside)

The overall stock score of 50 reflects significant challenges in financial performance and valuation, with bearish technical indicators. However, positive corporate events, including strategic capital raises and leadership changes, provide a potential foundation for future improvement. The company must address profitability and operational efficiency for long-term stability.

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 primarily generates revenue through its banking operations, which involve earning interest on loans and charging fees for various financial services. The bank collects interest income from its loan portfolio, which includes residential and commercial real estate loans, commercial and industrial loans, and consumer loans. Additionally, the bank earns interest on investments in securities. Non-interest income is derived from service charges on deposit accounts, loan servicing fees, and other financial services. The bank's revenue is influenced by factors such as interest rate fluctuations, loan demand, and economic conditions in its operating regions. Strategic partnerships with other financial institutions and community organizations also play a role in expanding its reach and enhancing service offerings.

Patriot National Bancorp Financial Statement Overview

Summary

Patriot National Bancorp is facing financial headwinds with declining revenues, negative margins, and increasing cash flow challenges. Despite a stable balance sheet with reduced leverage, profitability remains a concern. The company needs to focus on improving operational efficiency and enhancing revenue streams to stabilize its financial position.

Income Statement

The income statement reflects significant challenges for Patriot National Bancorp. The TTM shows declining revenues with a negative growth rate compared to previous years. Gross profit margin has reduced, and both EBIT and net profit margins are negative, indicating operational inefficiencies and financial distress. Revenue contraction and persistent losses highlight the need for strategic improvements.

Balance Sheet

The balance sheet is stable but not without concerns. The debt-to-equity ratio has decreased due to lower debt levels and a slight improvement in stockholder equity, but the equity ratio remains low, showing leverage risks. Return on equity is negative, highlighting profitability issues. Overall, the balance sheet shows moderate stability but with high leverage and low equity.

Cash Flow

Cash flow analysis reveals mixed results. The operating cash flow has turned negative in the TTM, and free cash flow has also deteriorated. However, there is a significant improvement in investing cash flow, driven by asset sales or similar activities. The free cash flow to net income ratio is weak, indicating cash flow challenges. Overall, while there are some positive developments, cash flow management needs improvement.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	59.49M	60.56M	64.70M	47.38M	36.64M	39.71M
Gross Profit	14.68M	15.82M	26.82M	34.74M	30.05M	23.79M
EBITDA	-17.31M	-14.74M	-4.28M	9.23M	6.65M	-2.56M
Net Income	-42.36M	-39.88M	-4.18M	6.16M	5.09M	-3.82M
Balance Sheet
Total Assets	956.61M	1.01B	1.09B	1.04B	948.48M	880.73M
Cash, Cash Equivalents and Short-Term Investments	121.03M	167.36M	73.20M	123.01M	141.39M	83.90M
Total Debt	23.98M	33.07M	201.10M	115.19M	120.72M	120.81M
Total Liabilities	899.47M	1.01B	1.05B	983.78M	881.14M	817.51M
Stockholders Equity	57.15M	4.26M	44.38M	59.58M	67.34M	63.22M
Cash Flow
Free Cash Flow	-5.01M	2.63M	-11.13M	6.62M	7.17M	6.21M
Operating Cash Flow	-4.93M	2.68M	-10.71M	7.04M	7.60M	6.28M
Investing Cash Flow	125.80M	135.01M	-27.18M	-122.05M	-55.20M	82.92M
Financing Cash Flow	-77.45M	-41.62M	65.93M	106.46M	60.02M	-93.97M

Patriot National Bancorp Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.47
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PNBK, the sentiment is Negative. The current price of 1.47 is above the 20-day moving average (MA) of 1.21, below the 50-day MA of 2.93, and below the 200-day MA of 2.00, indicating a neutral trend. The MACD of -0.36 indicates Negative momentum. The RSI at 42.78 is Neutral, neither overbought nor oversold. The STOCH value of 91.45 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for PNBK.

Patriot National Bancorp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PLBC	81 Outperform	$281.75M	9.62	16.93%	2.52%	10.64%	3.48%
LNKB	77 Outperform	$281.51M	7.81	12.74%	3.98%	77.09%	―
TSBK	76 Outperform	$255.92M	10.01	10.54%	3.27%	12.28%	5.73%
WSBF	69 Neutral	$269.35M	13.94	5.50%	4.25%	5.89%	96.63%
FLIC	65 Neutral	$269.21M	16.41	4.32%	7.08%	4.04%	-32.19%
Sector *	58 Neutral	$12.53B	5.19	-2.71%	5.24%	5.88%	-56.03%
PNBK	50 Neutral	$124.63M	―	-84.06%	―	-10.46%	-984.80%

Patriot National Bancorp Corporate Events

Patriot National Bancorp Approves Key Proposals at Annual Meeting

On June 26, 2025, Patriot National Bancorp held its Annual Meeting where shareholders voted on several key matters. The election of eight directors was confirmed, with the stipulation that some appointments are pending non-objection from the Federal Reserve. Additionally, the 2025 Omnibus Equity Incentive Plan, an amended Certificate of Incorporation, and the potential issuance of common stock to comply with Nasdaq rules were approved. RSM US LLP was also ratified as the independent accounting firm for the fiscal year ending December 31, 2025.

Patriot National Bancorp Completes $10M Stock Offering

On June 5, 2025, Patriot National Bancorp announced the completion of a registered direct offering, raising over $10 million by selling 8,524,160 shares of common stock at $1.25 per share. This follows a previous private placement in March 2025 that raised over $50 million. The successful offering strengthens the bank’s capital base, enhancing its ability to execute strategic objectives and better serve its clients and communities.

Patriot National Bancorp Announces Securities Purchase Agreement

Patriot National Bancorp, Inc. announced a securities purchase agreement with accredited investors to issue and sell 8,524,160 shares of its common stock at $1.25 per share, aiming to raise approximately $10.47 million. The proceeds will be used for general corporate purposes, and the offering is expected to close around June 5, 2025, without the involvement of underwriters or placement agents.

Patriot National Bancorp Enhances Leadership and Governance

Patriot National Bancorp, Inc. recently executed a conversion of Senior Notes into common stock, involving key stakeholders such as Solaia Capital Holdings LLC, enhancing its capital structure. Additionally, the company made significant leadership appointments within Patriot Bank, including Paul Simmons as EVP and Chief Credit Officer, and other senior vice presidents, aiming to strengthen its management team and focus on delivering high-quality banking solutions. The company also amended its bylaws to allow shareholder actions without meetings, reflecting a strategic shift towards more flexible governance. These developments are expected to bolster Patriot Bank’s market position and operational efficiency.

Patriot National Bancorp Appoints New CEO and President

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.