Patriot National Bancorp is a bank holding company. Through its subsidiary, Patriot Bank, N.A (the Bank), provides commercial real estate loans, commercial business loans, SBA loans originated under the U.S. Small Business Administration (SBA), and a variety of consumer loans with an emphasis on serving the needs of individuals, small and medium-sized businesses and personnels. The Bank's lending activities are conducted principally in Fairfield and New Haven Counties in Connecticut and Westchester County in New York. Other services provided by the Bank include Automated Clearing House transfers, internet banking, debit cards, money orders, traveler's checks, and automatic teller machines. We show 43 historical shares outstanding datapoints in our PNBK shares outstanding history coverage, used to compute PNBK market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing PNBK market cap history over the course of time is important for investors
interested in comparing PNBK's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of PNBK versus a peer is one thing; comparing
PNBK market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like PNBK can fluctuate over the course of history.
With this page we aim to empower investors researching PNBK by allowing them to research the PNBK market cap history. |
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Video: The Importance of Market Cap
