Mario de Tomasi, Director at PATRIOT NATIONAL BANCORP INC (PNBK), bought 87,719 shares at $1.15 ($101K) on 2026-05-20, disclosed to the SEC on 2026-05-22.
Director Mario de Tomasi executed the largest insider purchase in the company's history by buying 87,719 shares at $1.15, signaling confidence in the distressed financial stock. This move follows a brutal 81.96% year-to-date decline, suggesting insiders see value near the 52-week low of $0.90.
The stock is currently trading at $1.07, down 18.32% over the last 30 days but up 0.94% in the past five days. It remains deeply depressed, sitting 82.26% below its 52-week high of $6.03 and just 18.89% above the 52-week low of $0.90.
The transaction represents the largest insider purchase in the company's history, signaling potential conviction from management; additionally, industry insiders bought 13.31% of the float in the last 90 days.
The stock trades at a high trailing P/E of 50.75, which may be unsustainable given the forward P/E of 1.00. Furthermore, the negative beta of -0.626 suggests the stock is highly sensitive to market volatility, potentially amplifying downside risk.
Something here stands out, but not much.
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