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Patriot National Bancorp Inc (PNBK) fair value: what the stock is really worth

As of Oct 28, 2026: fair value (intrinsic value) of Patriot National Bancorp Inc stock $0.45, price $0.85, upside -47.1%, quality 32 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

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Financial Services US

PN Patriot National Bancorp Inc logo Thin data Oct 28, 2026

Patriot National Bancorp Inc

PNBK · US
Very expensive, weak qualityPrice far above fair value, weak quality and a downtrend.Plus: Revenue last quarter +144% vs. a year ago.

Our calculation puts a fair price 47% below what the stock costs today.

Low debt
Expensive Growth (revenue 5y +7.9 %/yr in USD)
Fair value $0.4505 · Strongly overvalued (−47.1%)
Quality 32/100
Loss-making · -16.6% net margin (TTM)
Negative free cash flow
Trails peers (4/12)
Narrow moat 18/100
Thin data
⚠ Dilution
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

$17.40 $0.8000 Fair Value $0.4505 Jun 2021 Oct 2026

White line = price, green steps = our fair value per fiscal year. As of Oct 28, 2026.

How to read this chart

60‑month range $0.8000 – $17.40 · fair‑value band $0.3400 – $0.6800 · the $0.8521 price screens above the $0.4505 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Oct 28, 2026.

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Company profile

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.

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The company accepts consumer and commercial deposit accounts, such as checking, interest-bearing negotiable order of withdrawal, money market, time certificates of deposit, savings, prepaid deposit, online 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 operates in New York; Connecticut; New Jersey; and internationally.

Patriot National Bancorp, Inc. was founded in 1994 and is headquartered in Stamford, Connecticut.

Stock analysis

Patriot National Bancorp Inc (PNBK) currently trades at $0.8521, while our model-based Fair Value estimate is $0.4505, 47.1% below the price, so the stock looks overvalued today.

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Valuation

How firm this estimate is: it rests on 1 models at a data quality of 96/100, which puts the data coverage at low.

Scenario range: $0.3400 (bear) to $0.6800 (bull), the price of $0.8521 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 32/100 (below-average quality), in the Financial Services sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Patriot National Bancorp Inc reported revenue of $58.2M in FY2025 versus $36.6M in FY2021, a compound +12.2%/yr. Reported net income was −$12.7M in FY2025.

Key figures

Market cap $100M Micro · P/E ratio 53.5 · P/S ratio 2.65 · EPS (TTM) $−0.0500 · Dividend yield 0.9% · Net margin −16.6% · Return on equity −8.4% · Return on assets (EBIT) −0.4%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 18 out of 100 (medium confidence).

What moves the price

The share trades about 56% below its 52-week high and 7% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −31% fair-value upside, at −47%, PNBK screens richer than that median.

Fair Value models

Bear $0.3400 Fair Value $0.4505 Bull $0.6800
Price $0.8521 · Upside -47.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
NCAV (Graham) $0.4000 $0.5300 $0.8000 54
All 1 models by family
Asset-Based
NCAV (Graham) $0.4000 $0.5300 $0.8000 54

The fair value above starts from this blend and is adjusted for dilution from new shares.

Open the full fair value analysis →

Quality Score breakdown

Overall quality 32/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 4
How much profit the company makes from its sales and capital
Quality Growth 65
Are margins and returns getting better?
Cashflow 14
Do the profits arrive as real cash?
Financial strength 57
Debt, balance sheet and risk of trouble
Investment 70
Does it invest with discipline instead of growing at any price?
Low Volatility 50
How calm the share price moves, does not count
Momentum 11
Price trend of the last 3 to 12 months, does not count
Near the 52-week high 2
Distance to the 52-week high, does not count
New shares 0
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 24/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−4.0%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.1%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.9%
Start year 2020 (pandemic). Over 10 years: +8.7% a year
Revenue growth 31 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+20.1%
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−10.5% (2020) → −21.8% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

PNBK screens overvalued: fair value 47% below the price. Compare with DBS Group →

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Banks - Regional · 1064 stocks

Beats the industry median on 4/11 measures
Overall it trails its industry peers.
Valuation
Quality Score 32 · Bottom 25%
Fair Value upside −47.1% · Bottom 25%
Profitability
Return on assets −1.2% · Bottom 25%
Net margin (12 months) −16.6% · Bottom 25%
Operating margin (12 months) −6.8% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 144.0% · Top 25%
Dividend yield (12 months) 0.9% · Bottom 25%
Balance sheet
Debt / equity 0.17× · Below median

Valuation Multiplesvs Banks - Regional median · lower = cheaper

P/E (12 months) 53.5× · Priciest 25%
P/B 1.06× · Cheaper than median
P/S (12 months) 2.54× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 11
FUTURE (revenue growth)100 · sector 48
PAST (return on equity)0 · sector 41
HEALTH (low debt)91 · sector 84
DIVIDEND (yield)18 · sector 52

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Banks - Regional stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
China Merchants Bank Co 600036 ¥42.50 ¥52.73 +24% vs PNBK
BNP Paribas SA BNP €85.55 €106.06 +24% vs PNBK
Itaú Unibanco Holding ITUB $7.70 $6.95 −10% vs PNBK
Mizuho Financial Group MFG $9.51 $6.85 −28% vs PNBK
Intesa Sanpaolo S.p.A ISP €6.02 €4.15 −31% vs PNBK
Oversea-Chinese Banking Corporation O39 28.96 SGD 19.78 SGD −32% vs PNBK
UniCredit S.p.A UCG €74.56 €50.44 −32% vs PNBK
HDFC Bank Limited HDFCBANK ₹688.05 ₹406.39 −41% vs PNBK
DBS Group D05 74.21 SGD 40.39 SGD −46% vs PNBK
ICICI Bank Limited ICICIBANK ₹1,387 ₹615.63 −56% vs PNBK

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Patriot National Bancorp Inc · Fair Value
$0.4505 −47%Fair Value
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Cite: Fair Value Calculator (2026). "Patriot National Bancorp Inc Fair Value". https://www.fairvalue-calculator.com/stock/PNBK

Frequently asked questions

Is Patriot National Bancorp Inc (PNBK) overvalued or undervalued?
As of Oct 28, 2026, our model estimates a fair value of $0.4505 versus a price of $0.8521, about −47% upside (overvalued).
What is the fair value of PNBK?
Our model-based fair value for Patriot National Bancorp Inc is $0.4505 (as of Oct 28, 2026), built from audited fundamentals. The current price: $0.8521.
What is the quality score of PNBK?
Patriot National Bancorp Inc has a Quality Score of 32/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Patriot National Bancorp Inc (PNBK)?
Our model-based price target is the fair value of $0.4505 (as of Oct 28, 2026) from 1 valuation models. Cautious scenario $0.3400, optimistic scenario $0.6800. It is a calculation from audited fundamentals, not an analyst target.
What is the Patriot National Bancorp Inc stock forecast for 2026?
Our models put fair value at $0.4505, about −47% upside versus a price of $0.8521 (overvalued). Cautious scenario $0.3400, optimistic scenario $0.6800. The calculation is refreshed regularly with new filings.
What is the revenue of Patriot National Bancorp Inc (PNBK)?
Patriot National Bancorp Inc reported trailing-twelve-month revenue of about $39.4M (latest available figure, as of Oct 28, 2026).
Does Patriot National Bancorp Inc pay a dividend?
Patriot National Bancorp Inc currently shows a dividend yield of 0.91% relative to its recent price (as of Oct 28, 2026).
What is the intrinsic value of Patriot National Bancorp Inc (PNBK)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Patriot National Bancorp Inc it is $0.4505 per share (as of Oct 28, 2026), against a price of $0.8521. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Patriot National Bancorp Inc stock overvalued or undervalued in 2026?
As of Oct 28, 2026, PNBK trades above its calculated fair value: price $0.8521, fair value $0.4505, a gap of about −47% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of PNBK?
No. The price is what the market pays today ($0.8521); the fair value is what the company's own numbers justify ($0.4505). For Patriot National Bancorp Inc the two are $0.4016 per share apart. That gap is exactly why we show both numbers side by side.
How much is Patriot National Bancorp Inc worth?
The market values Patriot National Bancorp Inc at about $100M (market capitalisation, as of Oct 28, 2026). Per share that is $0.8521; our models calculate a fair value of $0.4505 per share.
What do the bullish and bearish scenarios say about PNBK?
Our models span a range for Patriot National Bancorp Inc: cautious scenario $0.3400, base $0.4505, optimistic $0.6800 per share (as of Oct 28, 2026, price $0.8521). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of PNBK?
Patriot National Bancorp Inc trades at a price-to-earnings ratio of 53.5 (as of Oct 28, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $0.4505 is built from several models across several years. Other multiples: P/B 1.1, P/S 2.5.
How solid is the balance sheet of Patriot National Bancorp Inc (PNBK)?
Balance-sheet figures for Patriot National Bancorp Inc (as of Oct 28, 2026): return on equity −8.4%, debt of 0.17 per unit of equity. They feed the Quality Score of 32/100, which measures business quality independently of the share price.
How far is PNBK from its 52-week high?
Patriot National Bancorp Inc trades at $0.8521, about 56% below its 52-week high of $1.92 and 7% above the low of $0.8000 (as of Oct 28, 2026). Distance from the high says nothing about value: that is what the fair value of $0.4505 is for.
Which stocks are comparable to Patriot National Bancorp Inc?
From the same area (Financial Services) we also value DBS Group, China Merchants Bank Co, UniCredit S.p.A, Mizuho Financial Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Patriot National Bancorp Inc stock attractive at the current price?
The data as of Oct 28, 2026: price $0.8521, calculated fair value $0.4505 (−47%), Quality Score 32/100, from 1 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of PNBK calculated?
We run Patriot National Bancorp Inc through 1 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $0.4505, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.4 % above its aggregate fair value. Patriot National Bancorp Inc itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Patriot National Bancorp Inc (PNBK)?
The closing price on Oct 28, 2026 was $0.8521. Our model-based fair value is $0.4505, about −47% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Patriot National Bancorp Inc right now?
The price sits above even our optimistic bull case ($0.6800). The favourable scenario is already priced in. Weak quality (32/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range ($0.3400 to $0.6800) leaves room in how you read the outcome.

Key figures of Patriot National Bancorp Inc

How large is the market capitalisation of Patriot National Bancorp Inc (PNBK)?
The market capitalisation of Patriot National Bancorp Inc is $100M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Patriot National Bancorp Inc (PNBK)?
The price-to-sales ratio of Patriot National Bancorp Inc is 2.65 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Patriot National Bancorp Inc (PNBK)?
Earnings per share at Patriot National Bancorp Inc are $−0.0500 (price ÷ EPS = P/E 53.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Patriot National Bancorp Inc (PNBK)?
The dividend yield of Patriot National Bancorp Inc is 0.9%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Patriot National Bancorp Inc (PNBK)?
The net margin of Patriot National Bancorp Inc is −16.6% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Patriot National Bancorp Inc (PNBK)?
The return on equity (ROE) of Patriot National Bancorp Inc is −8.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Patriot National Bancorp Inc (PNBK)?
On an EBIT basis the return on assets of Patriot National Bancorp Inc is −0.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Patriot National Bancorp Inc (PNBK)?
The operating margin of Patriot National Bancorp Inc is −6.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Patriot National Bancorp Inc (PNBK)?
Revenue at Patriot National Bancorp Inc is growing +144% versus a year earlier (3y avg +7.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Patriot National Bancorp Inc (PNBK)?
Earnings per share at Patriot National Bancorp Inc are growing −48.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Patriot National Bancorp Inc (PNBK) generate?
The free cash flow of Patriot National Bancorp Inc is −$14.3M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Patriot National Bancorp Inc (PNBK) hold?
Patriot National Bancorp Inc holds more cash than debt, $170M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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