PNBK CEO Steven Sugarman Buys 105,027 Shares
PNBK's CEO made a significant purchase of company shares in May 2026.
Key Points
- Steven Sugarman, PNBK's CEO, bought 105,027 shares on May 20, 2026.
- PNBK shares recently traded at approximately $1.06, with several institutional investors adjusting their positions.
- Notable peer activity includes Vanguard Capital Management adding 4.4 million shares of PNBK.
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PNBK's President and CEO, Steven Sugarman, purchased 105,027 shares of the company on May 20, 2026. This insider transaction was not part of a pre-arranged trading plan.
Other Institutional Activity in PNBK
Several institutional investors also adjusted their holdings in PNBK. Vanguard Capital Management LLC made a significant addition by acquiring 4,401,532 shares, bringing its total to the same amount with a value of about $5.68 million. BlackRock, Inc. increased its stake by 303,912 shares, resulting in 3,769,973 shares worth approximately $4.86 million. Angel Oak Capital Advisors, LLC, on the other hand, reduced its holdings by 126,581 shares, now holding 3,166,259 shares valued at $4.08 million. Corient Private Wealth LLC notably boosted its shares by 1,879,746, ending with 1,918,869 shares valued at $2.48 million. Geode Capital Management, LLC added 235,655 shares to its portfolio, totaling 1,857,107 shares valued at $2.40 million.
Patriot National Bancorp, Inc. Stock Up 2.4%
Shares of PNBK recently traded around $1.06. The stock's recent activity and insider transactions have attracted attention from both individual and institutional investors.
Insider Buying and Selling at Patriot National Bancorp, Inc.
Alongside Steven Sugarman's purchase, other insiders have also been active. On May 20, 2026, Carlos Salas, EVP & Chief Financial Officer, bought 74,983 shares, and William Paul Simmons, EVP & Chief Credit Officer, acquired the same amount of shares. Mario De Tomasi made multiple purchases, acquiring 87,719 shares at $1.15 on May 20 and 85,000 shares at $0.96 on May 27, 2026.
Bottom Line
Insider buying at PNBK, led by CEO Steven Sugarman, signals confidence in the company's prospects. Institutional investors are also adjusting their positions, with some making substantial additions. It's important to note that insider transactions and institutional filings are backward-looking and may not represent current positions.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.