Easterly Investment Partners LLC Has 3.95 Million Stock Position in Old National Bancorp
| PNBK Stock | USD 2.62 0.06 2.24% |
About 60% of Patriot National's investor base is looking to short. The analysis of overall sentiment of trading Patriot National Bancorp stock suggests that many investors are alarmed at this time. Patriot National's investing sentiment shows overall attitude of investors towards Patriot National Bancorp.
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Easterly Investment Partners LLC boosted its position in Old National Bancorp by 54.2 percent in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 211,493 shares of the banks stock after purchasing an additional 74,326 shares during the period. Easterly Investment Partners LLC owned about 0.07 percent
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Patriot National Investor Sentiment by Other News Outlets
Investor sentiment, mood or attitude towards Patriot National can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Patriot National Fundamental Analysis
We analyze Patriot National's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Patriot National using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Patriot National based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Retained Earnings
Retained Earnings Comparative Analysis
Patriot National is currently under evaluation in retained earnings category among its peers. Retained Earnings is a balance sheet account that refers to the portion of company income that is retained by the firm. In other words, it is a part of earnings that is not paid out as dividends or otherwise distributed to owners. Retained Earnings are calculated by adding net income to last period retained earnings and subtracting any dividends paid to owners.
Patriot National Bancorp Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Patriot National stock to make a market-neutral strategy. Peer analysis of Patriot National could also be used in its relative valuation, which is a method of valuing Patriot National by comparing valuation metrics with similar companies.
Peers
Patriot National Related Equities
| FOTB | First Ottawa | 4.00 | ||||
| FKYS | First Keystone | 2.91 | ||||
| FBIZ | First Business | 2.32 | ||||
| BKOR | Oak Ridge | 1.22 | ||||
| MSWV | Main Street | 0.62 | ||||
| OPOF | Old Point | 0.25 | ||||
| FBTT | First Bankers | 0.00 | ||||
| CCNB | Coastal Carolina | 0.09 | ||||
| PKBK | Parke Bancorp | 0.71 | ||||
| CBTN | Citizens Bancorp | 1.73 | ||||
| GVFF | Greenville Federal | 2.78 |
Check out Patriot National Hype Analysis, Patriot National Correlation and Patriot National Performance. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Patriot National. If investors know Patriot will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Patriot National listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.48) | Earnings Share (7.40) | Revenue Per Share 6.099 | Quarterly Revenue Growth (0.45) | Return On Assets (0.01) |
The market value of Patriot National Bancorp is measured differently than its book value, which is the value of Patriot that is recorded on the company's balance sheet. Investors also form their own opinion of Patriot National's value that differs from its market value or its book value, called intrinsic value, which is Patriot National's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Patriot National's market value can be influenced by many factors that don't directly affect Patriot National's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Patriot National's value and its price as these two are different measures arrived at by different means. Investors typically determine if Patriot National is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Patriot National's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.