Option chain shows key data for Patriot Ntl Bancorp's stock options at various strike prices and expiration dates. Traders use this information to analyze potential trades and assess market sentiment for Patriot Ntl Bancorp.

Patriot Ntl Bancorp (NASDAQ:PNBK) Stock, Option Chain

Patriot Ntl Bancorp

Patriot National Bancorp Inc provides consumer and commercial banking services to individuals, small and medium-sized businesses, professionals, and municipalities in Fairfield and New Haven Counties in Connecticut and Westchester County, New York. Its products include checking accounts, savings accounts, money market accounts, time certificates of deposit, and individual retirement accounts. The Bank's lending portfolio is comprised of commercial mortgage and construction loans, commercial loans, home improvement loans, home equity lines of credit, and other personal loans. In addition, the Bank offers bank checks, money orders, automated teller machines, interactive teller machines, online and mobile banking, credit cards, and debit cards.

News

Penny Stocks

Small Cap

Pre-Market Outlook

Markets

Movers

Trading Ideas

APVO

ATAI

AURA

AVPT

AVTE

BFLY

BJDX

BLNK

BLZE

BMTX

BTAI

BTTX

CMAX

COCO

CREX

CSPR

DCRC

DLTR

EGLX

EVGO

FXLV

GGPI

HDSN

JAKK

KERN

MARA

MDWT

MIST

MITQ

MRAM

MTTR

NCTY

NEGG

NUZE

OTLY

PETV

PHAS

PNBK

PROG

RCKT

REAX

RGNX

RIVN

RMBL

SCYX

SOHU

SOPA

SPLK

SSNT

SYTA

TCDA

TGTX

URGN

VAXX

VLCN

VRAR

VVNT

WEAV

XERS

70 Biggest Movers From Yesterday

Tech

Patriot National Bancorp, Inc. (NASDAQ: PNBK), the parent company of Patriot Bank, N.A. has announced its $119 million acquisition of American Challenger Development Corp., with the goal of creating the largest digital challenger bank.

Patriot National Bancorp Buys American Challenger For $119M, Seeks To Create Largest US Digital Challenger Bank

Intraday Update

EYPT

IMPL

RANI

STRN

TSVT

Gainers


	Casper Sleep Inc.  (NYSE: CSPR) shares climbed 87.1% to $6.64 after the company agreed to be acquired by Durational Capital Management. The company also reported Q3 earnings results.


41 Stocks Moving In Monday&#39;s Mid-Day Session

Patriot National Bancorp Inc. - Common Stock

Patriot National Bancorp Inc

Patriot National Bancorp Engages Performance Trust To Explore Strategic Options Including Capital Raise, Partnership, Sale, Or M&A; Aims To Maximize Shareholder Value While Continuing Focus On Non-Interest Income And Customer Service

<h3>Gainers</h3>
<ul>
<li>Lion Group Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGHL#NASDAQ">LGHL</a>) shares increased by 22.5% to $0.21 during Friday's pre-market session. The market value of their outstanding shares is at $5.1 million. </li>
<li>X Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYF#NYSE">XYF</a>) shares increased by 14.32% to $8.3. The market value of their outstanding shares is at $393.5 million. As per the news, the Q3 earnings report came out 3 days ago. </li>
<li>Patriot Ntl Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PNBK#NASDAQ">PNBK</a>) stock rose 9.99% to $1.98. The company's market cap stands at $7.8 million. </li>
<li>XChange Tec (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XHG#NASDAQ">XHG</a>) shares rose 9.74% to $1.69. The company's market cap stands at $190.3 million. </li>
<li>Berkshire Hills Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHLB#NYSE">BHLB</a>) shares rose 6.79% to $33.0. The company's market cap stands at $1.4 billion. </li>
<li>Kingstone Companies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KINS#NASDAQ">KINS</a>) shares rose 6.58% to $17.0. The market value of their outstanding shares is at $209.9 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Inter &amp; Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTR#NASDAQ">INTR</a>) stock decreased by 16.7% to $4.4 during Friday's pre-market session. The company's market cap stands at $1.9 billion. </li>
<li>Hilltop Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HTH#NYSE">HTH</a>) stock fell 15.67% to $26.82. The company's market cap stands at $1.7 billion. </li>
<li>XP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XP#NASDAQ">XP</a>) stock decreased by 9.37% to $13.55. The company's market cap stands at $7.2 billion. </li>
<li>Bank Bradesco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBDO#NYSE">BBDO</a>) stock fell 8.42% to $1.85. The market value of their outstanding shares is at $19.6 billion. </li>
<li>StoneCo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STNE#NASDAQ">STNE</a>) shares fell 8.36% to $9.54. The market value of their outstanding shares is at $2.9 billion. </li>
<li>Essent Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESNT#NYSE">ESNT</a>) stock declined by 8.2% to $53.01. The company's market cap stands at $5.6 billion. 
See Also: <a href="http://www.benzinga.com/money/best-financial-services-stocks/" title="www.benzinga.com/money/best-financial-services-stocks/">www.benzinga.com/money/best-financial-services-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

BBDO

BHLB

ESNT

INTR

KINS

LGHL

STNE

12 Financials Stocks Moving In Friday's Pre-Market Session

Patriot Ntl Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PNBK#NASDAQ">PNBK</a>) reported quarterly earnings of $0.23 per share. This is a 48.89 percent decrease over earnings of $0.45 per share from the same period last year. The company reported $9.42 million in sales this quarter. This is a 13.64 percent decrease over sales of $10.91 million the same period last year.

Earnings

Patriot Ntl Bancorp Q4 EPS $0.23 Down From $0.45 YoY, Sales $9.42M Down From $10.91M YoY

Patriot National Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PNBK#NASDAQ">PNBK</a>) reported quarterly earnings of $0.45 per share. This is a 6.25 percent decrease over earnings of $0.48 per share from the same period last year. The company reported $9.57 million in sales this quarter. This is a 3.89 percent increase over sales of $9.21 million the same period last year.

Patriot National Bancorp Q4 EPS $0.45 Down From $0.48 YoY, Sales $9.57M Up From $9.21M YoY

WIIM

CACC

CPSS

CRBG

GOCO

MKTX

MUFG

QFIN

SMFG

TROW

UIHC

VALU

Shares of banks and financial services companies are trading higher amid overall market strength as stocks rebound following recent weakness.

American Challenger Development Corp. Announces Mutual Agreement To Terminate Proposed Merger With Patriot National Bancorp; Exploring A Sale Of Company And Has Hired Citi As Its Strategic Advisor In Process

Patriot National Bancorp, Inc., a Connecticut corporation (&quot;Patriot&quot;), announced today that, on June 30, 2022, the Office of the Comptroller of the Currency (the &quot;OCC&quot;) conditionally approved the application of Patriot Bank, National Association (&quot;Patriot Bank&quot;) to substantially change its asset composition under 12 CFR 5.53 in connection with the transactions (the &quot;Proposed Transactions&quot;) contemplated by the Merger Agreement, dated November 14, 2021, between Patriot and American Challenger Development Corp. (&quot;American Challenger&quot;), as amended (the &quot;Merger Agreement&quot;). This OCC approval is a requisite regulatory approval under the Merger Agreement. 
&nbsp;
The OCC approval will automatically terminate if the Proposed Transactions are not consummated within six (6) months of June 30, 2022, unless the OCC grants an extension of the time period. The closing of the Proposed Transactions, including the merger of American Challenger with and into Patriot, with Patriot as the surviving corporation (the &quot;Merger&quot;), and the closing of a capital raise of at least&nbsp;$875 million&nbsp;(the &quot;Capital Raise&quot;) by Patriot and Patriot Bank, remains subject to the satisfaction or waiver of the remaining closing conditions set forth in the Merger Agreement, including obtaining shareholder approval and other customary closing conditions as previously disclosed by Patriot.
Michael Carrazza, Patriot&#39;s Chairman added, &quot;The receipt of OCC approval is a significant and necessary milestone that has been achieved toward completing our merger with American Challenger. We are thrilled to have gained regulatory support for our forward business plan and intentions to create one of the largest digital-forward banks in the country.&quot; Patriot is working closely with American Challenger and investors in efforts to meet the remaining closing conditions. Closing of the Capital Raise and Merger transaction remains subject to shareholder approval.
&nbsp;

Patriot Bank Receives Conditional OCC Approval Required Under Merger Agreement With American Challenger

Patriot National Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PNBK#NASDAQ">PNBK</a>) reported quarterly earnings of $0.20 per share. This is a 9.09 percent decrease over earnings of $0.22 per share from the same period last year.

Patriot National Bancorp Q1 EPS $0.20 Down From $0.22 YoY

Patriot National Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PNBK#NASDAQ">PNBK</a>) reported quarterly earnings of $0.48 per share. This is a 237.14 percent increase over losses of $(0.35) per share from the same period last year.

Patriot National Bancorp Q4 EPS $0.48 Up From $(0.35) YoY

&nbsp;
<h3>Gainers</h3>
<ul>
<li>Casper Sleep Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cspr#NYSE">CSPR</a>) shares jumped 88.5% to close at $6.69 on Monday after the company agreed to be acquired by Durational Capital Management. The company also reported Q3 earnings results.</li>
<li>Creative Realities, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/crex#NASDAQ">CREX</a>) gained 79.5% to settle at $2.62 as the company reported a merger with Reflect Systems on Friday.</li>
<li>Patriot National Bancorp, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pnbk#NASDAQ">PNBK</a>) climbed 50.4% to settle at $15.04. Patriot National Bancorp and American Challenger Development Corp. agreed to merge.</li>
<li>Trio-Tech International (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/trt#NYSE">TRT</a>) jumped 36% to settle at $6.73 after the company reported Q1 results, posting a 49% year-over-year increase in total revenue.</li>
<li>SCYNEXIS, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/scyx#NASDAQ">SCYX</a>) rose 25% to close at $6.75. SCYNEXIS, last week, posted a Q3 net loss of C$1.252 million.</li>
<li>Matterport, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mttr#NASDAQ">MTTR</a>) gained 22.3% to close at $27.12.</li>
<li>Newegg Commerce, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/negg#NASDAQ">NEGG</a>) surged 21.3% to settle at $19.21. After the closing bell, Newegg Commerce&rsquo;s F-1 filing showed registration for a $300 million common stock offering.</li>
<li>The Vita Coco Company, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/coco#NASDAQ">COCO</a>) jumped 21.2% to close at $17.57. Several analysts initiated coverage on the stock with positive ratings.</li>
<li>Siyata Mobile Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/syta#NASDAQ">SYTA</a>) gained 21.1% to close at $4.13.</li>
<li>SilverSun Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ssnt#NASDAQ">SSNT</a>) shares rose 20.5% to close at $6.70. SilverSun Technologies announced plans to acquire Acumatica division of Dynamic Tech Services, Inc.</li>
<li>Enthusiast Gaming Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eglx#NASDAQ">EGLX</a>) surged 19.1% to close at $4.00. HC Wainwright, last week, lowered its price target on the stock from $10 to $7.</li>
<li>Society Pass Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sopa#NASDAQ">SOPA</a>) gained 19% to close at $51.83.</li>
<li>Vaxxinity, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vaxx#NASDAQ">VAXX</a>) rose 18.5% to close at $16.00 on continued volatility following last week&#39;s IPO.</li>
<li>Aura Biosciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aura#NASDAQ">AURA</a>) gained 18.4% to close at $20.70.</li>
<li>Decarbonization Plus Acquisition Corporation III (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dcrc#NASDAQ">DCRC</a>) surged 18.3% to settle at $14.17.</li>
<li>Scienjoy Holding Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sj#NASDAQ">SJ</a>) gained 17.3% to close at $6.79.</li>
<li>Blink Charging Co. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/blnk#NASDAQ">BLNK</a>) rose 17.1% to settle at $46.85 after HC Wainwright upgraded the stock from Neutral to Buy and announced a $50 price target.</li>
<li>Vivint Smart Home, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vvnt#NYSE">VVNT</a>) jumped 16.8% to settle at $11.40 after the company posted upbeat Q3 sales and raised sales guidance.</li>
<li>Progenity, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/prog#NASDAQ">PROG</a>) gained 16.8% to close at $3.47 after declining 4% on Friday.</li>
<li>Volcon, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vlcn#NASDAQ">VLCN</a>) surged 16.4% to settle at $13.68.</li>
<li>Tricida, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tcda#NASDAQ">TCDA</a>) gained 16.3% to close at $6.35. Tricida, last week, posted a Q3 loss of $0.79 per share.</li>
<li>Manning &amp; Napier, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mn#NYSE">MN</a>) shares surged 16.1% to close at $9.36. Manning &amp; Napier, last week, reported preliminary assets under management as of October 31, 2021 of $22.5 billion.</li>
<li>Xeris Biopharma Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/xers#NASDAQ">XERS</a>) jumped 15.9% to close at $2.48. Xeris Biopharma Holdings&rsquo; Paul Edick acquired a total of 200000 shares at an average price of $2.08. The company, last week, posted a wider-than-expected quarterly loss.</li>
<li>Backblaze, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/blze#NASDAQ">BLZE</a>) gained 15.7% to close at $25.50. The company, last week, priced its IPO at $16 a share.</li>
<li>Gores Guggenheim, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ggpi#NASDAQ">GGPI</a>) jumped 15.4% to close at $14.78 after jumping around 16% on Friday.</li>
<li>The Real Good Food Company, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rgf#NASDAQ">RGF</a>) surged 15.4% to settle at $11.50. The company recently priced its IPO at $12 per share.</li>
<li>Milestone Pharmaceuticals Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mist#NASDAQ">MIST</a>) gained 15.3% to settle at $6.95.</li>
<li>Rivian Automotive, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rivn#NASDAQ">RIVN</a>) jumped 14.9% to close at $149.36 on continued post-IPO volatility.</li>
<li>Dollar Tree, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dltr#NASDAQ">DLTR</a>) gained 14.3% to settle at $129.23 following Dow Jones report activist investor Mantle Ridge has taken a $1.8 billion stake in the company. Deutsche Bank upgraded the stock from Hold to Buy and raised its price target from $96 to $148.</li>
<li>Weave Communications, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/weav#NYSE">WEAV</a>) surged 14.2% to close at $21.13. The company, last week, priced its IPO at $24 a share.</li>
<li>PureCycle Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pct#NASDAQ">PCT</a>) rose 14.2% to settle at $10.86.</li>
<li>The Real Brokerage Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/reax#NASDAQ">REAX</a>) jumped 13.7% to close at $3.24. The Real Brokerage named Raj Naik as Chief Operating Officer.</li>
<li>Everspin Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mram#NASDAQ">MRAM</a>) rose 13.6% to settle at $12.20. Everspin Technologies recently reported better-than-expected Q3 results and issued Q4 sales guidance above estimates.</li>
<li>Akerna Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/kern#NASDAQ">KERN</a>) gained 12.8% to close at $3.26. Akerna, last week, reported quarterly sales of $5.10 million.</li>
<li>a.k.a. Brands Holding Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aka#NYSE">AKA</a>) climbed 12.1% to settle at $14.27.</li>
<li>BM Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bmtx#NASDAQ">BMTX</a>) rose 11.6% to close at $12.23. BM Technologies announced plans to acquire First Sound Bank for $23 million in cash. The company also released Q3 results.</li>
<li>The Glimpse Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vrar#NASDAQ">VRAR</a>) gained 9.3% to settle at $15.23.</li>
<li>HeadHunter Group PLC (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hhr#NASDAQ">HHR</a>) rose 8.5% to settle at $62.66 following strong quarterly sales.</li>
<li>The9 Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ncty#NASDAQ">NCTY</a>) rose 7.4% to close at $13.55 after the company said its new NFT community and trading platform NFTSTAR signed an exclusive license agreement with the American Football star, CHRISTIAN McCAFFREY.</li>
<li>CareMax, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cmax#NASDAQ">CMAX</a>) rose 5.3% to settle at $8.95 following narrower-than-expected quarterly loss.</li>
</ul>

<a href="https://www.benzinga.com/investing/best-penny-stocks/">Check out these big penny stock gainers and losers</a>
<h3>Losers</h3>
<ul>
<li>Bit Brother Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/btb#NASDAQ">BTB</a>) fell 28.7% to close at $1.89 after jumping more than 32% on Friday.</li>
<li>Telos Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tls#NASDAQ">TLS</a>) shares tumbled 28.1% to close at $17.54 on Monday after the company reported worse-than-expected Q3 results and cut guidance.</li>
<li>Marathon Digital Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mara#NASDAQ">MARA</a>) fell 27% to settle at $55.40 after the company announced it received a subpoena to produce documents and communications concerning the Hardin, Montana data center facility. The company also announced a proposed convertible senior notes offering.</li>
<li>PetVivo Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/petv#NASDAQ">PETV</a>) dipped 25.9% to close at $3.12 after the company reported worse-than-expected Q2 EPS.</li>
<li>Midwest Holding Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mdwt#NASDAQ">MDWT</a>) fell 24.1% to settle at $24.34.</li>
<li>Rocket Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rckt#NASDAQ">RCKT</a>) declined 23.7% to close at $25.90 after the company provided an update from its Phase 1 Clinical Trial of RP-A501, saying it will no longer administer the high-dose to study patients and will focus on the low-dose cohort moving forward.</li>
<li>UroGen Pharma Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/urgn#NASDAQ">URGN</a>) fell 23% to close at $14.74 after the company reported worse-than-expected Q3 results.</li>
<li>BioXcel Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/btai#NASDAQ">BTAI</a>) dropped 21.2% to settle at $27.21 after Goldman Sachs downgraded the stock from Buy to Sell and lowered its price target from $55 to $24.</li>
<li>Oatly Group AB (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/otly#NASDAQ">OTLY</a>) fell 20.8% to close at $9.36 after the company reported worse-than-expected Q3 sales results and issued FY21 sales guidance.</li>
<li>Bluejay Diagnostics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bjdx#NASDAQ">BJDX</a>) shares fell 20.7% to close at $3.63. The company recently priced its IPO at $10 per unit.</li>
<li>Aerovate Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/avte#NASDAQ">AVTE</a>) dropped 18.9% to settle at $17.46 after the company reported Q3 results.</li>
<li>PhaseBio Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/phas#NASDAQ">PHAS</a>) dipped 18.4% to close at $3.02 after the company announced interim results from the REVERSE-IT Phase 3 trial of bentracimab. 91% of patients reported a treatment-emergent side effect, the most common was pain associated with the surgical procedure.</li>
<li>Splunk Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/splk#NASDAQ">SPLK</a>) fell 18.1% to close at $137.38. Splunk said its CEO Doug Merritt will step down. Splunk said it sees Q3 revenue of $660 million.</li>
<li>Aptevo Therapeutics Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/apvo#NASDAQ">APVO</a>) dropped 16.5% to close at $9.72. Aptevo Therapeutics announced presentation of 2 abstracts at upcoming American Society of Hematology Annual Meeting.</li>
<li>REGENXBIO Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rgnx#NASDAQ">RGNX</a>) fell 16.1% to close at $31.72.</li>
<li>Hudson Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hdsn#NASDAQ">HDSN</a>) dipped 16% to close at $3.95.</li>
<li>CNFinance Holdings Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cnf#NYSE">CNF</a>) fell 15.5% to settle at $4.30</li>
<li>TG Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tgtx#NASDAQ">TGTX</a>) fell 14.9% to settle at $27.05 after Goldman Sachs downgraded the stock from Neutral to Sell and lowered its price target from $33 to $26.</li>
<li>Sohu.com Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sohu#NASDAQ">SOHU</a>) dropped 14.3% to close at $18.49. Sohu.com reported third-quarter FY21 revenue growth of 37% year-on-year to $216 million. Revenue improved 6% quarter-over-quarter.</li>
<li>EVgo, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/evgo#NASDAQ">EVGO</a>) fell 14.3% to close at $16.19 following negative analyst coverage from Credit Suisse.</li>
<li>Atai Life Sciences N.V. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/atai#NASDAQ">ATAI</a>) dropped 13.8% to close at $12.85 following Q3 results.</li>
<li>Butterfly Network, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bfly#NYSE">BFLY</a>) dipped 12.6% to close at $7.52 after the company posted downbeat Q3 sales and issued weak FY21 sales forecast.</li>
<li>Moving iMage Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mitq#NASDAQ">MITQ</a>) shares fell 12.5% to close at $2.87. Moving iMage Technologies shares jumped around 22% on Friday after the company posted a narrower Q3 loss.</li>
<li>NuZee, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nuze#NASDAQ">NUZE</a>) shares fell 12% to close at $4.53. NuZee manufacturing partner, Cuvee Coffee, recently reported an expansion into select Walmart stores nationwide.</li>
<li>Koninklijke Philips N.V. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/phg#NYSE">PHG</a>) fell 11.5% to settle at $42.16 after the company said it is in discussions with the FDA after a new inspection of one of its facilities.</li>
<li>JAKKS Pacific, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jakk#NASDAQ">JAKK</a>) fell 10% to close at $12.38.</li>
<li>F45 Training Holdings Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fxlv#NYSE">FXLV</a>) dropped 9.7% to close at $11.72. F45 Training Holdings recently reported worse-than-expected Q3 results.</li>
<li>AvePoint, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/avpt#NASDAQ">AVPT</a>) fell 9.6% to close at $8.33. AvePoint reported third-quarter FY21 revenue growth of 36% year-on-year to $53.9 million, beating the consensus of $52.6 million.</li>
<li>Better Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bttx#NASDAQ">BTTX</a>) fell 9.1% to close at $8.73.</li>
<li>RumbleON, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rmbl#NASDAQ">RMBL</a>) fell 5.9% to close at $45.54 following weak quarterly sales.</li>
</ul>

Patriot National Bancorp, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pnbk#NASDAQ">PNBK</a>), the parent company of Patriot Bank, N.A. has announced its $119 million acquisition of American Challenger Development Corp., with the goal of creating the largest digital challenger bank.
What Happened: The Stamford, Connecticut-headquartered Patriot will conduct a reverse subsidiary merger that will result in American Challenger as its subsidiary. Following the transaction, Patriot will operate as two divisions: the Patriot Bank Division that will continue the bank&rsquo;s existing business and the American Challenger Division that will focus on digital banking.
American Challenger is also based in Stamford and was founded in 2020 with the goal of developing best-in-class digital banking technology and software. Patriot will adopt American Challenger&rsquo;s proprietary technology platform for its operations to create a digital challenger bank, an app-based financial services provider that conducts business entirely online and does not operate physical locations.
Related Link: <a href="https://www.benzinga.com/m-a/21/11/24092441/trump-sells-dc-hotel-to-a-rod-connected-investment-firm-for-375m-report">Trump Sells DC Hotel To A-Rod Connected Investment Firm For $375M: Report</a>
What Happens Next: Michael Carrazza, chairman of Patriot, predicted the combined entity &ldquo;will become the largest digital bank,&rdquo; adding that Patriot&rsquo;s customer base &ldquo;will benefit from an expanded array of services and a tech-savvy banking experience, while shareholders should benefit from the compelling value that will be created.&rdquo;
Carrazza will become vice chairman of the new combined entity while American Challenger Founder, Chairman and President Felix Scherzer will become chairman and Raymond J. Quinlan, CEO of American Challenger, will serve as chief executive.
&ldquo;We are building a digital bank that will leverage the best in technology and operational excellence to serve our customers and communities,&rdquo; Quinlan said. &ldquo;This will be evident in the design and pricing of our banking products, in our delivery of superior personal service and in our clear commitment to corporate social responsibility. We believe in &lsquo;banking for good&rsquo; and through our actions we will demonstrate that we are a purpose-driven financial institution.&rdquo;
What Else Happened: In a simultaneous announcement, Patriot entered into separate agreements with investors consisting of a private placement in an aggregate principal amount of approximately $540 million as part of its $890 million merger recapitalization.
Separately, American Challenger entered into a term sheet that would result in a strategic partnership with Sunlight Financial LLC, the residential solar and energy-efficiency home improvement financing platform of Sun Financial Holdings Inc., with respect to a new, multi-year loan purchase program for up to $1.75 billion.
&ldquo;As a responsible, full-service digital bank, we will be focused on lending in ways that help communities and the planet, with the intent of investing over half of its assets in support of sustainability, local community, and good health,&rdquo; Scherzer said.
Patriot National Bancorp Trading Action: As of 12:50 p.m. ET, the company&#39;s shares were trading at $13.40, up 34% from the open. The stock&#39;s 52-week range spans $6.85 to $16.70.
Photo: Patriot Bank

Patriot National Bancorp shares are trading higher after the company, and American Challenger Development Corp, announced the two companies have agreed to merge.

<h3>Gainers</h3>
<ul>
<li>Casper Sleep Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cspr#NYSE">CSPR</a>) shares climbed 87.1% to $6.64 after the company agreed to be acquired by Durational Capital Management. The company also reported Q3 earnings results.</li>
<li>Creative Realities, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/crex#NASDAQ">CREX</a>) surged 80.1% to $2.63 as the company reported a merger with Reflect Systems on Friday.</li>
<li>SilverSun Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ssnt#NASDAQ">SSNT</a>) shares jumped 63.3% to $9.08. SilverSun Technologies announced plans to acquire Acumatica division of Dynamic Tech Services, Inc.</li>
<li>Patriot National Bancorp, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pnbk#NASDAQ">PNBK</a>) jumped 48.5% to $14.85. Patriot National Bancorp and American Challenger Development Corp. agreed to merge.</li>
<li>EyePoint Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eypt#NASDAQ">EYPT</a>) climbed 43.8% to $20.14 after the company reported six-month interim data from the Phase 1 trial of EYP-1901 in wet age-related macular degeneration (wet AMD).</li>
<li>Backblaze, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/blze#NASDAQ">BLZE</a>) gained 25.5% to $27.66. The company, last week, priced its IPO at $16 a share.</li>
<li>The Glimpse Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vrar#NASDAQ">VRAR</a>) gained 19.8% to $16.70.</li>
<li>BM Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bmtx#NASDAQ">BMTX</a>) jumped 18.8% to $13.03. BM Technologies announced plans to acquire First Sound Bank for $23 million in cash. The company also released Q3 results.</li>
<li>Vivint Smart Home, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vvnt#NYSE">VVNT</a>) gained 17.4% to $11.45 after the company posted upbeat Q3 sales and raised sales guidance.</li>
<li>Matterport, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mttr#NASDAQ">MTTR</a>) rose 14.4% to $25.40.</li>
<li>Volcon, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vlcn#NASDAQ">VLCN</a>) jumped 14.4% to $13.44.</li>
<li>The Vita Coco Company, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/coco#NASDAQ">COCO</a>) gained 14.4% to $16.60. Several analysts initiated coverage on the stock with positive ratings.</li>
<li>Dollar Tree, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dltr#NASDAQ">DLTR</a>) jumped 14.4% to $129.35 following Dow Jones report activist investor Mantle Ridge has taken a $1.8 billion stake in the company. Deutsche Bank upgraded the stock from Hold to Buy and raised its price target from $96 to $148.</li>
<li>Akerna Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/kern#NASDAQ">KERN</a>) rose 14.2% to $3.3007. Akerna, last week, reported quarterly sales of $5.10 million.</li>
<li>HeadHunter Group PLC (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hhr#NASDAQ">HHR</a>) gained 13.5% to $65.61 following strong quarterly sales.</li>
<li>Rani Therapeutics Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rani#NASDAQ">RANI</a>) jumped 12.5% to $32.69.</li>
<li>Gores Guggenheim, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ggpi#NASDAQ">GGPI</a>) rose 12.3% to $14.39 after jumping around 16% on Friday.</li>
<li>Progenity, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/prog#NASDAQ">PROG</a>) rose 10.1% to $3.2701 after declining 4% on Friday.</li>
<li>CareMax, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cmax#NASDAQ">CMAX</a>) gained 10.1% to $9.36 following narrower-than-expected quarterly loss.</li>
<li>The9 Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ncty#NASDAQ">NCTY</a>) rose 9.4% to $13.82 after the company said its new NFT community and trading platform NFTSTAR signed an exclusive license agreement with the American Football star, CHRISTIAN McCAFFREY.</li>
<li>Xeris Biopharma Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/xers#NASDAQ">XERS</a>) rose 6.5% to $2.28. Xeris Biopharma Holdings&rsquo; Paul Edick acquired a total of 200000 shares at an average price of $2.08. The company, last week, posted a wider-than-expected quarterly loss.</li>
</ul>

<a href="https://www.benzinga.com/investing/best-penny-stocks/">Check out these big penny stock gainers and losers</a>
<h3>Losers</h3>
<ul>
<li>Telos Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tls#NASDAQ">TLS</a>) shares dipped 34.4% to $15.97 after the company reported worse-than-expected Q3 results and cut guidance.</li>
<li>BioXcel Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/btai#NASDAQ">BTAI</a>) fell 21% to $27.30 after Goldman Sachs downgraded the stock from Buy to Sell and lowered its price target from $55 to $24.</li>
<li>Oatly Group AB (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/otly#NASDAQ">OTLY</a>) dipped 19.2% to $9.56 after the company reported worse-than-expected Q3 sales results and issued FY21 sales guidance.</li>
<li>RumbleON, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rmbl#NASDAQ">RMBL</a>) dropped 17.4% to $39.95 following weak quarterly sales.</li>
<li>Splunk Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/splk#NASDAQ">SPLK</a>) dipped 16.4% to $140.32. Splunk said its CEO Doug Merritt will step down. Splunk said it sees Q3 revenue of $660 million.</li>
<li>Butterfly Network, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bfly#NYSE">BFLY</a>) fell 16% to $7.23 after the company posted downbeat Q3 sales and issued weak FY21 sales forecast.</li>
<li>Bit Brother Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/btb#NASDAQ">BTB</a>) fell 15.5% to $2.2405 after jumping more than 32% on Friday.</li>
<li>TG Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tgtx#NASDAQ">TGTX</a>) dropped 15% to $27.00 after Goldman Sachs downgraded the stock from Neutral to Sell and lowered its price target from $33 to $26.</li>
<li>AvePoint, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/avpt#NASDAQ">AVPT</a>) dipped 13.7% to $7.94. AvePoint reported third-quarter FY21 revenue growth of 36% year-on-year to $53.9 million, beating the consensus of $52.6 million.</li>
<li>NuZee, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nuze#NASDAQ">NUZE</a>) shares fell 13.2% to $4.47. NuZee manufacturing partner, Cuvee Coffee, recently reported an expansion into select Walmart stores nationwide.</li>
<li>2seventy bio, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsvt#NASDAQ">TSVT</a>) dropped 11.3% to $34.03.</li>
<li>Impel NeuroPharma, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/impl#NASDAQ">IMPL</a>) fell 10.9% to $10.26 following wider-than-expected quarterly loss.</li>
<li>Wunong Net Technology Company Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wnw#NASDAQ">WNW</a>) fell 10.8% to $4.12 after jumping over 37% on Friday.</li>
<li>Koninklijke Philips N.V. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/phg#NYSE">PHG</a>) fell 10.4% to $42.66 after the company said it is in discussions with the FDA after a new inspection of one of its facilities.</li>
<li>F45 Training Holdings Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fxlv#NYSE">FXLV</a>) dropped 10% to $11.68. F45 Training Holdings recently reported worse-than-expected Q3 results.</li>
<li>Bluejay Diagnostics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bjdx#NASDAQ">BJDX</a>) shares declined 9.8% to $4.13. The company recently priced its IPO at $10 per unit.</li>
<li>Better Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bttx#NASDAQ">BTTX</a>) dropped 8.4% to $8.70.</li>
<li>Stran &amp; Company, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/strn#NASDAQ">STRN</a>) fell 7.7% to $5.31 after climbing 18% on Friday. The company recently priced its IPO at $4.15 per unit.</li>
<li>JAKKS Pacific, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jakk#NASDAQ">JAKK</a>) fell 7.6% to $12.71.</li>
<li>Moving iMage Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mitq#NASDAQ">MITQ</a>) shares fell 7.2% to $3.0450. Moving iMage Technologies shares jumped around 22% on Friday after the company posted a narrower Q3 loss.</li>
</ul>

41 Stocks Moving In Monday's Mid-Day Session

Following the market opening Monday, the Dow traded up 0.27% to 36,196.19 while the NASDAQ rose 0.26% to 15,902.90. The S&amp;P also rose, gaining 0.24% to 4,693.92.
The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 47,916,190 cases with around 783,560 deaths. India confirmed a total of at least 34,447,530 cases and 463,650 deaths, while Brazil reported over 21,957,960 COVID-19 cases with 611,310 deaths. In total, there were at least 254,144,870 cases of COVID-19 worldwide with more than 5,117,860 deaths, according to data compiled by Johns Hopkins University.

Leading and Lagging Sectors

Utilities shares gained by 0.5% on Monday. Meanwhile, top gainers in the <a href='https://www.benzinga.com/money/best-sectors-to-invest-in-right-now/'>sector</a> included NRG Energy, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nrg#NYSE">NRG</a>), up 2% and PNM Resources, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pnm#NYSE">PNM</a>) up 2%.

In trading on Monday, materials shares fell 0.5%.

Top Headline

Tyson Foods, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tsn#NYSE">TSN</a>) reported better-than-expected results for its fourth quarter on Monday.
Tyson Foods posted quarterly earnings of $2.30 per share, beating analysts&rsquo; estimates of $2.03 per share. The company&rsquo;s quarterly sales came in at $12.81 billion, versus expectations of $12.66 billion.
Tyson said it sees FY22 sales of $49 billion to $51 billion, versus analysts&rsquo; estimates of $47.99 billion. The company also boosted its quarterly dividend from $0.445 to $0.46 per share.

Equities Trading UP

Casper Sleep Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cspr#NYSE">CSPR</a>) shares shot up 87% to $6.66 after the company agreed to be acquired by Durational Capital Management. The company also reported Q3 earnings results.

Shares of Patriot National Bancorp, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pnbk#NASDAQ">PNBK</a>) got a boost, shooting 45% to $14.51. Patriot National Bancorp and American Challenger Development Corp. agreed to merge.

SilverSun Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ssnt#NASDAQ">SSNT</a>) shares were also up, gaining 46% to $8.11. SilverSun Technologies announced plans to acquire Acumatica division of Dynamic Tech Services, Inc.
<a href="https://www.benzinga.com/movers">Check out these big movers of the day</a>

Equities Trading DOWN
Telos Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tls#NASDAQ">TLS</a>) shares tumbled 34% to $16.00 after the company reported worse-than-expected Q3 results and cut guidance.

Shares of BioXcel Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/btai#NASDAQ">BTAI</a>) were down 21% to $27.39 after Goldman Sachs downgraded the stock from Buy to Sell and lowered its price target from $55 to $24.

Butterfly Network, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bfly#NYSE">BFLY</a>) was down, falling 17% to $7.14 after the company posted downbeat Q3 sales and issued weak FY21 sales forecast.

Commodities
In commodity news, oil traded down 1.2% to $79.83, while gold traded down 0.2% to $1,865.60.

Silver traded down 0.3% Monday to $25.28 while copper rose 0.1% to $4.451.

Euro zone
European shares were mostly higher today. The eurozone&rsquo;s STOXX 600 gained 0.1%, the Spanish Ibex Index rose 0.1% and the German DAX 30 gained 0.2%. Meanwhile, the London&rsquo;s FTSE 100 fell 0.1%, French CAC 40 rose 0.3% and Italy&rsquo;s FTSE MIB rose 0.2%.
The Eurozone trade surplus shrank to EUR 7.3 billion in September from EUR 24.1 billion in the year-ago month.

Economics

The New York Empire State Manufacturing Index surged to 30.9 in November from 19.8 in October.

The Treasury will auction 3-and 6-month bills at 11:30 a.m. ET.
<a href="https://www.benzinga.com/calendar/economics/">Check out the full economic calendar here </a>

Eurozone

Commodities

Global

Mid-Morning Market Update: Markets Open Higher; Tyson Foods Posts Upbeat Q4 Results

Patriot National Bancorp, Inc. (&quot;Patriot&quot; (NASDAQ:&nbsp;<a href="https://www.benzinga.com/stock/pnbk#NASDAQ">PNBK</a>)), the parent company of Patriot Bank, N.A. (the &quot;Bank&quot;), and American Challenger Development Corp. ( &quot;American Challenger&quot;), announced today that they have entered into a definitive agreement (the &quot;Merger Agreement&quot;) under which Patriot will acquire American Challenger via a reverse subsidiary merger, with American Challenger surviving as a wholly owned subsidiary of Patriot (the &quot;Merger&quot;). Pursuant to the terms of the Merger Agreement, at the effective time of the Merger, American Challenger common stockholders will receive shares of Patriot common stock as consideration and American Challenger preferred stockholders will receive cash. The Merger will create a purpose-driven, digital-first national bank with highly efficient operations to generate industry leading financial performance and a technology driven banking experience that will offer competitive rates and a premium customer experience.&nbsp;
Patriot also announced today that it has entered into separate definitive agreements (the &quot;Investment Agreements&quot;) with certain investors, consisting of a private placement in an aggregate principal amount of approximately&nbsp;$540 million&nbsp;of newly issued Patriot voting and non-voting common stock priced at&nbsp;$17.69&nbsp;per share, warrants for the purchase of non-voting common stock of Patriot, and preferred stock of Patriot Bank. Patriot intends to raise an additional principal amount of at least&nbsp;$350 million, for a total capital raise of at least&nbsp;$890 million, and intends to negotiate and enter into definitive agreements with other investors for the purchase of subordinated debt securities and preferred stock of Patriot in addition to further sales of Patriot common stock and warrants for the purchase of Patriot non-voting common stock (collectively, the &quot;Recapitalization,&quot; and together with the Merger, the &quot;Proposed Transactions&quot;). Pursuant to the terms and conditions of the Investment Agreements and the Merger Agreement, the Recapitalization and the Merger will be completed on the same day.
Following the Merger, Patriot Bank will adopt the American Challenger business plan and will operate as two divisions &ndash; the Patriot Bank Division, which will continue to operate Patriot Bank&#39;s existing business, and the American Challenger Division, which will execute the high-growth American Challenger business plan.
As soon as practicable following the closing of the Proposed Transactions, Patriot Bank will adopt American Challenger&#39;s proprietary technology platform for its operations. This should allow Patriot Bank to&nbsp;operate with a technology cost structure that is largely fixed, in contrast to&nbsp;the typical,&nbsp;more variable cost structure at most banks. Patriot Bank expects this cost structure to drive efficiencies and allow it to share the benefits with customers by offering competitive rates on its products and a differentiated, premium customer experience. This will include connecting with customers via video, account opening and funding initiation in less than a minute, as well as mortgages that close in as little as 20 days.
The Proposed Transactions have been approved by the boards of directors of Patriot and American Challenger and are expected to close in the&nbsp;first quarter&nbsp;of 2022, subject to the satisfaction of customary closing conditions, including receipt of required regulatory approvals and approval by Patriot&#39;s shareholders.
Michael Carrazza, Chairman of Patriot, said, &quot;We&#39;re excited to have engineered this industry-disrupting merger. The combination transforms Patriot to what will become the largest digital bank in the U.S. Customers will benefit from an expanded array of services and a tech-savvy banking experience, while shareholders should benefit from the compelling value that will be created. Patriot&#39;s team will remain intact and will be complemented by American Challenger&#39;s team and digital platform capabilities.&quot;
Felix Scherzer, Chairman and President of American Challenger,&nbsp;said, &quot;We could not be more excited about the opportunities provided by this merger as it propels our purpose of&nbsp;shaking up banking in your interest.&quot;
Raymond J. Quinlan, Board Member and CEO of American Challenger, will serve as CEO of the combined entity. Quinlan said, &quot;We are building a digital bank that will leverage the best in technology and operational excellence to serve our customers and communities. This will be evident in the design and pricing of our banking products, in our delivery of superior personal service and in our clear commitment to corporate social responsibility. We believe in &lsquo;banking for good&#39; and through our actions we will demonstrate that we are a purpose-driven financial institution.&quot;
Separately, American Challenger is also announcing today it has entered into a term sheet, which, subject to agreement on definitive documentation, would result in a strategic partnership with&nbsp;Sunlight Financial LLC, the subsidiary of Sunlight Financial Holdings Inc., a leading financing platform for U.S. residential solar and energy-efficient home improvement projects, with respect to a new, multi-year loan purchase program for up to&nbsp;$1.75 billion. The program will focus on loans for solar energy systems, as well as battery storage, to help further accelerate the adoption of clean energy in homes across the United States. Scherzer said, &quot;As a responsible, full-service digital bank, we will be focused on lending in ways that help communities and the planet, with the intent of investing over half of its assets in support of sustainability, local community, and good health.&quot;

Patriot National Bancorp And American Challenger Development Corp. Agree To Merge; The Implied Total Transaction Value Of The Merger Is ~$119M

Patriot National Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PNBK#NASDAQ">PNBK</a>) reported quarterly earnings of $0.34 per share. This is a 1800 percent increase over losses of $(0.02) per share from the same period last year.

Patriot National Bancorp Q3 EPS $0.34 Up From $(0.02) YoY

&nbsp;
<h3>Gainers</h3>
<ul>
<li>Xiaobai Maimai (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HX#NASDAQ">HX</a>) shares increased by 24.14% to $5.59 during Friday&#39;s regular session. As of 12:30 EST, Xiaobai Maimai&#39;s stock is trading at a volume of 952.1K, which is 384.38% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $90.9 million.</li>
<li>Greenpro Capital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRNQ#NASDAQ">GRNQ</a>) shares increased by 21.85% to $0.93. Trading volume for this security as of 12:30 EST is 21.5 million, which is 333.43% of its average full-day volume over the last 100 days. The company&#39;s market cap stands at $62.9 million.</li>
<li>XP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XP#NASDAQ">XP</a>) shares rose 9.29% to $37.27. XP&#39;s stock is trading at a volume of 6.3 million shares as of 12:30 EST. This is 253.16% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $20.8 billion.</li>
<li>Dragon Victory Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYL#NASDAQ">LYL</a>) shares moved upwards by 8.1% to $1.6. Dragon Victory Intl&#39;s stock is trading at a volume of 244.1K shares as of 12:30 EST. This is 174.62% of its average full-day volume over the last 100 days. The company&#39;s market cap stands at $29.4 million.</li>
<li>Senmiao Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIHS#NASDAQ">AIHS</a>) stock rose 7.21% to $0.69. As of 12:30 EST, this security is trading at a volume of 734.0K shares, making up 43.85% of its average full-day volume over the last 100 days. The company&#39;s market cap stands at $38.0 million.</li>
<li>Wells Fargo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) shares rose 6.26% to $48.15. Trading volume for this security as of 12:30 EST is 32.2 million, which is 118.91% of its average full-day volume over the last 100 days. The company&#39;s market cap stands at $197.7 billion. As per the press release, Q3 earnings came out yesterday.</li>
</ul>
&nbsp;
&nbsp;
<h3>Losers</h3>
&nbsp;
<ul>
<li>Investar Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISTR#NASDAQ">ISTR</a>) shares fell 13.28% to $18.42 during Friday&#39;s regular session. As of 12:30 EST, Investar Holding&#39;s stock is trading at a volume of 70.2K, which is 286.13% of its average full-day volume over the last 100 days. The company&#39;s market cap stands at $192.0 million.</li>
<li>Futu Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FUTU#NASDAQ">FUTU</a>) stock fell 12.35% to $64.7. The current volume of 16.3 million shares is 291.49% of Futu Holdings&#39;s average full-day volume over the last 100 days (last updated at 12:30 EST). The market value of their outstanding shares is at $9.4 billion.</li>
<li>Pintec Technology Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PT#NASDAQ">PT</a>) stock decreased by 6.61% to $0.99. Trading volume for this security as of 12:30 EST is 319.3K, which is 94.64% of its average full-day volume over the last 100 days. The company&#39;s market cap stands at $42.9 million.</li>
<li>AMTD International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HKIB#NYSE">HKIB</a>) shares fell 5.44% to $4.0. The market value of their outstanding shares is at $982.4 million.</li>
<li>UP Fintech Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIGR#NASDAQ">TIGR</a>) stock fell 5.4% to $7.74. The current volume of 17.6 million shares is 209.14% of UP Fintech Holding&#39;s average full-day volume over the last 100 days (last updated at 12:30 EST). The market value of their outstanding shares is at $1.1 billion.</li>
<li>Patriot National Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PNBK#NASDAQ">PNBK</a>) shares fell 5.23% to $9.61. The company&#39;s market cap stands at $37.9 million. 
	See Also: <a href="http://www.benzinga.com/money/best-financial-services-stocks/" title="www.benzinga.com/money/best-financial-services-stocks/">www.benzinga.com/money/best-financial-services-stocks/</a></li>
<li>&nbsp;</li>
</ul>
&nbsp;
&nbsp;

AIHS

FUTU

GRNQ

HKIB

ISTR

TIGR

12 Financials Stocks Moving In Friday's Intraday Session

Patriot National Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PNBK#NASDAQ">PNBK</a>) reported quarterly earnings of $0.26 per share. This is a 181.25 percent increase over losses of $(0.32) per share from the same period last year.

Patriot National Bancorp Q2 EPS $0.26 Up From $(0.32) YoY

Patriot National Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PNBK#NASDAQ">PNBK</a>) reported quarterly earnings of $0.22 per share. This is a 181.48 percent increase over losses of $(0.27) per share from the same period last year.

Patriot National Bancorp Q1 EPS $0.22 Up From $(0.27) YoY

&nbsp;
<h3>Gainers</h3>
<ul>
<li>Conifer Holdings (NASDAQ:<a class="ticker" href="/stock/CNFR#NASDAQ">CNFR</a>) stock rose 44.14% to $3.82 during Wednesday&#39;s regular session. Conifer Holdings&#39;s stock is trading at a volume of 9.5 million shares as of 12:31 EST. This is 44618.32% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $36.9 million.</li>
<li>Bit Digital (NASDAQ:<a class="ticker" href="/stock/BTBT#NASDAQ">BTBT</a>) stock moved upwards by 27.84% to $13.5. Bit Digital&#39;s stock is trading at a volume of 22.4 million shares as of 12:31 EST. This is 1155.59% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $589.9 million.</li>
<li>FG Financial Group (NASDAQ:<a class="ticker" href="/stock/FGF#NASDAQ">FGF</a>) shares moved upwards by 26.05% to $4.16. Trading volume for FG Financial Group&#39;s stock is 527.0K as of 12:31 EST. This is 1515.32% of its average full-day volume over the last 100 days.</li>
<li>X Financial (NYSE:<a class="ticker" href="/stock/XYF#NYSE">XYF</a>) shares rose 13.81% to $2.06. The current volume of 342.9K shares is 193.49% of X Financial&#39;s average full-day volume over the last 100 days (last updated at 12:31 EST). The company&#39;s market cap stands at $110.2 million.</li>
<li>Hudson Capital (NASDAQ:<a class="ticker" href="/stock/HUSN#NASDAQ">HUSN</a>) shares increased by 11.64% to $3.74. As of 12:31 EST, this security is trading at a volume of 459.6K shares, making up 16.46% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $23.9 million.</li>
<li>Qudian (NYSE:<a class="ticker" href="/stock/QD#NYSE">QD</a>) stock rose 9.32% to $1.29. Qudian&#39;s stock is trading at a volume of 5.6 million shares as of 12:31 EST. This is 187.28% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $327.3 million.</li>
</ul>
&nbsp;
&nbsp;
<h3>Losers</h3>
&nbsp;
<ul>
<li>China Finance Online Co (NASDAQ:<a class="ticker" href="/stock/JRJC#NASDAQ">JRJC</a>) stock decreased by 23.12% to $8.45 during Wednesday&#39;s regular session. Trading volume for this security as of 12:31 EST is 230.7K, which is 366.69% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $20.6 million. As per the news, the Q3 earnings report came out yesterday.</li>
<li>Rand Capital (NASDAQ:<a class="ticker" href="/stock/RAND#NASDAQ">RAND</a>) stock declined by 14.59% to $18.15. As of 12:31 EST, this security is trading at a volume of 40.6K shares, making up 1024.57% of its average full-day volume over the last 100 days. The company&#39;s market cap stands at $46.8 million.</li>
<li>Oxbridge Re Holdings (NASDAQ:<a class="ticker" href="/stock/OXBR#NASDAQ">OXBR</a>) shares declined by 8.85% to $1.87. Oxbridge Re Holdings&#39;s stock is trading at a volume of 2.3 million shares as of 12:31 EST. This is 80.18% of its average full-day volume over the last 100 days. The company&#39;s market cap stands at $10.7 million.</li>
<li>Patriot National Bancorp (NASDAQ:<a class="ticker" href="/stock/PNBK#NASDAQ">PNBK</a>) stock fell 8.47% to $9.14. As of 12:31 EST, this security is trading at a volume of 800 shares, making up 36.61% of its average full-day volume over the last 100 days. The company&#39;s market cap stands at $36.0 million.</li>
<li>ChoiceOne Finl Servs (NASDAQ:<a class="ticker" href="/stock/COFS#NASDAQ">COFS</a>) stock fell 7.03% to $28.58. Trading volume for this security as of 12:31 EST is 1.6K, which is 15.23% of its average full-day volume over the last 100 days. The company&#39;s market cap stands at $222.7 million.</li>
<li>Guaranty Federal (NASDAQ:<a class="ticker" href="/stock/GFED#NASDAQ">GFED</a>) stock declined by 6.06% to $17.85. Guaranty Federal&#39;s stock is trading at a volume of 7.3K shares as of 12:31 EST. This is 517.85% of its average full-day volume over the last 100 days. The company&#39;s market cap stands at $77.9 million.</li>
</ul>
&nbsp;
&nbsp;

Comments

Patriot Ntl Bancorp

Patriot Ntl Bancorp (PNBK) Options

No option chain data available. Please try again later

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga