Why These 15 Financial Services Stocks Are Surging In 2025

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2. Patriot National Bancorp Inc (NASDAQ:PNBK)

Number of Hedge Fund Holders In Q4 2024: N/A

Patriot National Bancorp Inc (NASDAQ:PNBK) is the holding company for Patriot Bank, N.A., providing community banking services, including consumer and commercial loans, deposit accounts, and digital banking to individuals and businesses in Connecticut and New York.

The most significant event behind PNBK’s stock surge in 2025 was the completion of a $57.75 million private placement on March 20, 2025, where the company issued over 60 million shares of common stock at $0.75 per share and introduced a new Series A Non-Cumulative Perpetual Convertible Preferred Stock.

This recapitalization, which also included the conversion of $7 million in notes to equity, was executed under Nasdaq’s “financial viability exception” to shore up the bank’s capital base after a period of losses and to maintain its listing.

PNBK stock is up 112.11% year-to-date.

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