Short traders are feeling a little more bullish recently if you take note of the decrease in short interest. The company saw a fall in short interest from August 15, 2017 to August 31, 2017 of -16.95%. Short shares fell 382 over that period. With short interest at 1,872 and short average daily volume at 132, days to cover is 14.0 and the short interest percentage is 0.00% as of August 31.
Here is a rundown on some insider market activity for Patriot National Bancorp Inc. (NASDAQ:PNBK). Richard A. Jr. Muskus, Pres. & Chief Lending Officer let go of $9,031 worth of shares at an average price of $16.45 on Tue the 22nd. That brings the Pres. & Chief Lending Officer’s holdings to $25,103 per an SEC filing yesterday.
These firms have modified their investment in PNBK. Mark Sheptoff Financial Planning, LLC trimmed its position by shedding 1 shares a decrease of 0.1%. Mark Sheptoff Financial Planning, LLC currently owns 800 shares valued at $13,000. The total value of its holdings increased 8.3%. As of the end of the quarter River Oaks Capital LLC had acquired a total of 8,830 shares growing its stake by 21.0%. The value of the company’s investment in Patriot National Bancorp Inc. went from $633,000 to $816,000 a change of $183,000 for the reporting period.
The company is so far trading unchanged by 0.00%% since yesterday’s close of 16.55. Patriot National Bancorp Inc. declared a dividend for shareholders that was paid on Tuesday August 1st, 2017. The dividend was $0.010 per share for the quarter or $0.04 annualized. This dividend represents a yield of $0.24. The ex-dividend date was set for Thursday the 20th of July 2017.
Shares last traded at $16.55 just below $16.85, the stock’s 50 day moving average and which is just over the 200 day moving average of $15.96. The 50 day moving average was down $-0.30 and the 200 day average was up $0.59.
The P/E ratio is 14.78 and market capitalization is 63.92M.
Patriot National Bancorp, Inc., launched on June 17, 1999, 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)..