Mario De Tomasi, a director at Patriot National Bancorp Inc. (NASDAQ:PNBK), purchased 85,000 shares of the company's common stock on May 27, 2026, according to a recent SEC filing.
The transaction, an open market purchase, totaled $81,600. De Tomasi acquired the shares at an average price of $0.96 per share, notably below the current stock price of $1.08. Following this acquisition, Mr. De Tomasi directly owns 187,719 shares of Patriot National Bancorp common stock.
The insider purchase comes as PNBK shares have declined roughly 41% year-to-date. According to Bond.az analysis, the company remains unprofitable over the last twelve months with earnings per share of -$0.09, and the stock appears overvalued relative to its Fair Value.
In other recent news, Patriot National Bancorp announced significant changes in its executive team and board of directors. Frederick Staudmyer has separated from his roles as Executive Vice President and Chief Administrative Officer of Patriot Bank, N.A., as well as Chief Human Resources Officer and Secretary of Patriot National Bancorp. Staudmyer will offer consulting services during a transition period following his departure. He had been with the company for nearly twelve years.
