Patriot National Bancorp Inc. (PNBK) vs Winchester Bancorp, Inc. (WSBK)

Patriot National Bancorp Inc. and Winchester Bancorp, Inc. are both Banks Regional companies. Patriot National Bancorp Inc. and Winchester Bancorp, Inc. are of similar size ($113.8M and $109.8M). Winchester Bancorp, Inc. grew revenue faster over the last twelve months: 16.1% against 15.6%. Winchester Bancorp, Inc. has the higher net margin (8.56% vs −9.76%) and the higher return on invested capital (1.64% vs 0.00%). Across the 13 metrics below, Winchester Bancorp, Inc. leads on 9 and Patriot National Bancorp Inc. on 4.

Valuation

Metric PNBK WSBK Banks Regional median
P/E n/m — 12.15
P/S 1.75 2.21 2.37
P/B 1.32 0.95 1.21
Price to free cash flow n/m 21.75 10.80
EV/EBITDA n/m n/m —
EV/Sales 0.19 4.11 2.27
Earnings yield (6.40%) — 8.11%
Free cash flow yield (15.75%) 4.60% 8.98%

Profitability

Metric PNBK WSBK Banks Regional median
Gross margin 58.32% 50.85% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin (9.76%) 8.56% 18.66%
Free cash flow margin (27.60%) 10.17% 21.18%
Return on equity (8.72%) 3.75% 10.64%
Return on assets (0.58%) 0.43% 1.13%
Return on invested capital 0.00% 1.64% 8.33%

Growth

Metric PNBK WSBK Banks Regional median
Revenue growth (TTM) 15.58% 16.05% 6.61%
EPS growth (last fiscal year) 98.31% — —
Revenue growth, 5-year CAGR 7.91% — 12.30%
Net income growth, 5-year CAGR 0.00% — 9.71%

Health

Metric PNBK WSBK Banks Regional median
Debt to equity 0.19 1.31 0.22
Current ratio 0.85 1.15 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric PNBK WSBK Banks Regional median
Dividend yield — — 3.75%
Payout ratio 0.00 — 0.27

Size

Metric PNBK WSBK Banks Regional median
Market cap 109.84m 113.80m 921.07m

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