patriot bank is a leading community and commercial bank headquartered in stamford, ct with branches in fairfield and new haven counties in connecticut and in westchester county in new york. founded in 1994, patriot bank has served its communities by helping individuals, small businesses, nonprofits and municipalities thrive. our bankers have deep local knowledge and banking experience and provide top-tier banking products and creative solutions to deliver a superior customer experience. in 2015, sandler o’neill & partners named patriot bank one of the nation’s top performing small-cap banks, the only bank in new england to receive this designation. visit one of our branches or live banker atms today. come meet your local bankers or contact us at 1-888-patriot or visit us at www.bankpatriot.com.
Company profile
Ticker
PNBK
Exchange
Website
CEO
Michael Carrazza
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
PinPat Acquisition Corporation ...
IRS number
61559137
PNBK stock data
Latest filings (excl ownership)
8-K
Departure of Directors or Certain Officers
8 Apr 24
10-K
2023 FY
Annual report
1 Apr 24
8-K
Submission of Matters to a Vote of Security Holders
22 Dec 23
DEF 14A
Definitive proxy
16 Nov 23
10-Q
2023 Q3
Quarterly report
14 Nov 23
8-K
Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review
30 Oct 23
8-K
Patriot Reports Second Quarter Results
11 Aug 23
10-Q
2023 Q2
Quarterly report
10 Aug 23
Latest ownership filings
SC 13G/A
ALLIANCEBERNSTEIN L.P.
14 Feb 24
SC 13D/A
AFP Forty Six Corp.
10 Oct 23
4
Grace Doherty
4 Oct 23
4
Michael J Weinbaum
2 Oct 23
4
den Bol Emile Van
29 Sep 23
4
Edward N. Constantino
20 Sep 23
3
Grace Doherty
27 Jul 23
SC 13G/A
ALLIANCEBERNSTEIN L.P.
14 Feb 23
SC 13G/A
SIGULER GUFF ADVISERS, LLC
20 Jan 23
4
Thomas E. Slater
11 Jan 23
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 78.93 mm | 78.93 mm | 78.93 mm | 78.93 mm | 78.93 mm | 78.93 mm |
Cash burn (monthly) | (no burn) | (no burn) | 1.70 mm | 373.58 k | 4.78 mm | 260.92 k |
Cash used (since last report) | n/a | n/a | 11.32 mm | 2.49 mm | 31.83 mm | 1.74 mm |
Cash remaining | n/a | n/a | 67.60 mm | 76.44 mm | 47.10 mm | 77.19 mm |
Runway (months of cash) | n/a | n/a | 39.7 | 204.6 | 9.9 | 295.8 |
Institutional ownership, Q2 2023
63.5% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 20 |
Opened positions | 16 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 9.26 bn |
Total shares | 2.52 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
SMC Holdings I | 427.69 k | $4.48 mm |
AFP Forty Six | 342.17 k | $3.72 mm |
Harvey Sandler Revocable Trust | 317.25 k | $3.33 mm |
Siguler Guff Advisers | 299.71 k | $2.36 bn |
LMI Partners | 285.92 k | $3.00 mm |
CNH Partners | 189.46 k | $1.62 bn |
Caldwell Sutter Capital | 151.00 k | $1.19 bn |
SAMG Silvercrest Asset Management | 126.60 k | $997.58 mm |
Boothbay Fund Management | 122.93 k | $968.66 mm |
Vanguard | 109.42 k | $862.26 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
2 Oct 23 | Grace Doherty | Common Stock | Grant | Acquire A | No | No | 0 | 972 | 0.00 | 972 |
7 Apr 23 | Constantino Edward N. | Common Stock | Grant | Acquire A | No | No | 0 | 1,587 | 0.00 | 16,474 |
7 Apr 23 | Van den Bol Emile | Common Stock | Grant | Acquire A | No | No | 0 | 1,587 | 0.00 | 65,087 |
7 Apr 23 | Weinbaum Michael J | Common Stock | Grant | Acquire A | No | No | 0 | 1,587 | 0.00 | 21,474 |
1 Mar 23 | Weinbaum Michael J | Common Stock | Other | Acquire J | Yes | No | 0 | 342,172 | 0.00 | 342,172 |