SCHEDULE 13G/A: AllianceBernstein L.P. Discloses 1.0% Passive Stake in Patriot National Bancorp Inc.
Beneficial Ownership Report
AllianceBernstein L.P. has filed an Amendment No. 3 to Schedule 13G, reporting a 1.0% beneficial ownership stake in Patriot National Bancorp Inc. as of February 28, 2025.
Summary
- AllianceBernstein L.P. filed an Amendment No. 3 to Schedule 13G concerning its beneficial ownership in Patriot National Bancorp Inc.
- The filing indicates that AllianceBernstein L.P. beneficially owns 38,590 shares of Patriot National Bancorp Inc.'s Common Stock.
- This ownership represents 1.0% of the total class of securities.
- AllianceBernstein L.P. holds sole voting power and sole dispositive power over all 38,590 shares.
- The shares were acquired solely for investment purposes on behalf of client discretionary investment advisory accounts.
- AllianceBernstein L.P. certified that the securities were not acquired for the purpose of changing or influencing the control of the issuer.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing (Schedule 13G) reporting passive ownership, containing no positive or negative performance indicators or strategic announcements. The sentiment is neutral as it is purely factual.
Future Outlook
NA
Industry Context
This filing is a routine disclosure of passive ownership by an investment adviser, AllianceBernstein L.P., in a financial institution, Patriot National Bancorp Inc. It reflects a standard portfolio allocation rather than a strategic industry move or a change in the company's operational outlook.
Stakeholder Impact
- This filing primarily impacts shareholders by providing transparency on significant passive ownership stakes.
- It indicates that AllianceBernstein L.P. holds shares for investment purposes on behalf of its clients, without intent to influence control, which generally signals a stable, non-activist investment.
Key Dates
| Date | Description |
|---|---|
| 02/28/2025 | Date of event which requires filing of this statement |
| 03/07/2025 | Date of filing of this statement |
Keywords
Patriot National Bancorp Inc, AllianceBernstein L.P., Schedule 13G, Beneficial Ownership, Common Stock, Investment Adviser, SEC Filing, Passive Investment
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