Patriot National Bancorp (PNBK) AI Stock Analysis

• Market Cap: $190.89M
• Dividend Yield: N/A
• Average Volume (3M): 236.34K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.70
• Revenue Growth: -11.99%
• EPS Growth: 63.64%
• Country: US
• Employees: 129
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): -10.02
• Shares Outstanding: 114,991,020
• 10 Day Avg. Volume: 193,391
• 30 Day Avg. Volume: 236,339
• PEG Ratio: >-0.01
• Price to Book (P/B): 6.05
• Price to Sales (P/S): 0.43
• P/FCF Ratio: 9.81
• Enterprise Value/Market Cap: 1.01
• Enterprise Value/Revenue: 3.39
• Enterprise Value/Gross Profit: 11.27
• Enterprise Value/Ebitda: -10.22
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 55 Neutral
• Price Target: $2.00 ▲(20.48% Upside)

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.

Positive Factors

Leadership Changes

New leadership appointments bring experienced financial and strategic growth expertise, potentially improving operational efficiency and strategic direction.

Capital Strengthening

The successful capital raise enhances the company's financial stability, allowing for better execution of strategic objectives and improved service offerings.

Strategic Financial Restructuring

This strategic financial restructuring reduces debt levels and improves the capital structure, providing more flexibility for future growth initiatives.

Negative Factors

Revenue Decline

Declining revenue growth indicates challenges in maintaining market share and competitiveness, which could impact long-term profitability and market position.

Negative Margins

Negative margins highlight operational inefficiencies and financial distress, necessitating strategic improvements to achieve sustainable profitability.

Cash Flow Challenges

Negative operating cash flow indicates potential liquidity issues, limiting the company's ability to invest in growth and manage financial obligations effectively.

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 generates revenue primarily through interest income from its lending activities. It provides loans to individuals and businesses, including commercial real estate loans, residential mortgages, and consumer loans. The interest charged on these loans constitutes a significant portion of the bank's income. Additionally, the bank earns non-interest income from fees and service charges associated with deposit accounts, as well as fees from other financial services offered to its clients. The bank also invests in securities, which provides additional income through interest and dividends. These activities, combined with efficient management of operating expenses and strategic partnerships, contribute to the company's overall profitability.

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	56.64M	60.56M	64.70M	47.38M	36.64M	39.71M
Gross Profit	17.03M	15.82M	26.82M	34.74M	30.05M	23.79M
EBITDA	-18.77M	-14.74M	-4.28M	9.23M	6.65M	-2.56M
Net Income	-19.98M	-39.88M	-4.18M	6.16M	5.09M	-3.82M
Balance Sheet
Total Assets	950.75M	1.01B	1.09B	1.04B	948.48M	880.73M
Cash, Cash Equivalents and Short-Term Investments	272.54M	167.36M	73.20M	123.01M	141.39M	83.90M
Total Debt	16.44M	33.07M	201.10M	115.19M	120.72M	120.81M
Total Liabilities	855.73M	1.01B	1.05B	983.78M	881.14M	817.51M
Stockholders Equity	95.02M	4.26M	44.38M	59.58M	67.34M	63.22M
Cash Flow
Free Cash Flow	-12.70M	2.63M	-11.13M	6.62M	7.17M	6.21M
Operating Cash Flow	-12.70M	2.68M	-10.71M	7.04M	7.60M	6.28M
Investing Cash Flow	146.53M	135.01M	-27.18M	-122.05M	-55.20M	82.92M
Financing Cash Flow	-5.07M	-41.62M	65.93M	106.46M	60.02M	-93.97M

Patriot National Bancorp Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 1.66
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PNBK, the sentiment is Neutral. The current price of 1.66 is below the 20-day moving average (MA) of 1.73, above the 50-day MA of 1.45, and below the 200-day MA of 1.84, indicating a neutral trend. The MACD of 0.04 indicates Positive momentum. The RSI at 51.04 is Neutral, neither overbought nor oversold. The STOCH value of 32.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for PNBK.

Patriot National Bancorp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
UBFO	78 Outperform	$176.30M	15.29	8.41%	4.66%	-2.00%	-36.25%
LARK	75 Outperform	$156.11M	9.07	11.72%	3.01%	12.31%	39.46%
BVFL	72 Outperform	$163.48M	16.94	5.32%	―	4.86%	-8.20%
CZWI	69 Neutral	$176.00M	14.15	7.00%	2.00%	-2.16%	-9.35%
HNVR	68 Neutral	$163.99M	15.15	5.60%	1.70%	0.99%	-6.35%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
PNBK	55 Neutral	$190.89M	-0.61	-35.87%	―	-11.99%	63.64%

Patriot National Bancorp Corporate Events

Patriot National Bancorp details transformative 2025 restructuring progress

In a year-end letter dated January 1, 2026, Patriot Bank’s CEO reported that in 2025 the bank raised nearly $100 million in equity, overhauled its senior management and board, and launched a wholesale restructuring following a March 2025 recapitalization, positioning the institution to pursue high-net-worth clients and institutional partners left underserved after the failures of several regional peers. The bank retired legacy loan programs, introduced new commercial real estate and high-net-worth lending products, refocused its deposit-gathering on affluent customers through a concierge platform and a new Founders Club, expanded its institutional banking and digital payments capabilities, strengthened enterprise risk management, and boosted its capital ratios, while also increasing loan-loss reserves, selling higher-risk portfolios, and resolving special assets; early results included more than $200 million in executed term sheets and over $100 million in closed loans, suggesting improving profitability and a stronger competitive stance as it opens a Beverly Hills office and explores further expansion into Florida and Texas.

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.

Patriot National Bancorp announces CIO leadership transition

On December 18, 2025, Patriot National Bancorp, Inc. announced that its Executive Vice President and Chief Information Officer, Steven Grunblatt, had passed away, marking the loss of a key member of its senior leadership team. Grunblatt had held the CIO role since April 29, 2021, and his death is expected to affect the company’s technology leadership and continuity of its information systems oversight until a successor is appointed.

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.

Patriot National Bancorp Updates Q3 2025 Financials

On November 19, 2025, Patriot National Bancorp, Inc. appointed Ida Liu, Jonathan Roth, and Jeffrey Seabold as directors, bringing extensive experience in wealth management, investment management, and corporate strategy to the company. This strategic move is expected to strengthen the company’s leadership and enhance its market positioning. Additionally, on November 24, 2025, the company updated its Q3 2025 financial information on its Investor Relations website, providing stakeholders with important insights into the company’s financial performance.

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.