Alliancebernstein L.P. Has $291,000 Stake in Patriot National Bancorp Inc. (PNBK)

Alliancebernstein L.P. continued to hold its position in shares of Patriot National Bancorp Inc. (NASDAQ:PNBK) during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 19,337 shares of the bank’s stock at the end of the first quarter. Alliancebernstein L.P. owned 0.50% of Patriot National Bancorp worth $291,000 at the end of the most recent quarter.

Shares of Patriot National Bancorp Inc. (NASDAQ PNBK) remained flat at $16.60 during trading on Tuesday. 401 shares of the company’s stock traded hands. The stock has a market cap of $63.54 million, a P/E ratio of 15.60 and a beta of 0.23. Patriot National Bancorp Inc. has a 12 month low of $13.00 and a 12 month high of $17.50. The company has a 50 day moving average of $16.61 and a 200-day moving average of $15.54.

Patriot National Bancorp (NASDAQ:PNBK) last released its quarterly earnings data on Monday, July 31st. The bank reported $0.21 earnings per share (EPS) for the quarter. Patriot National Bancorp had a return on equity of 6.95% and a net margin of 14.87%. The firm had revenue of $6.66 million during the quarter. On average, equities analysts predict that Patriot National Bancorp Inc. will post $7.00 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Monday, July 24th were paid a dividend of $0.01 per share. The ex-dividend date was Thursday, July 20th. This represents a $0.04 annualized dividend and a yield of 0.24%. Patriot National Bancorp’s dividend payout ratio is currently 3.54%.

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About Patriot National Bancorp

Patriot National Bancorp, Inc is a one-bank holding company for Patriot Bank, N.A. (the Bank), a national banking association. The Bank offers consumer and commercial deposit accounts, such as checking, interest-bearing negotiable order of withdrawal (NOW) account, money market, time certificates of deposit, savings, Certificate of Deposit Account Registry Service (CDARS), individual retirement accounts (IRAs) and health savings accounts (HSAs).

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