Paragon Commercial (NASDAQ:PBNC) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Saturday, December 30th.
Separately, ValuEngine lowered shares of Paragon Commercial from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Paragon Commercial has a consensus rating of “Hold”.
Paragon Commercial (NASDAQ:PBNC) opened at $55.96 on Friday. The company has a market cap of $305.56, a price-to-earnings ratio of 21.69 and a beta of 0.57. Paragon Commercial has a twelve month low of $43.58 and a twelve month high of $59.95. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.87.
Institutional investors and hedge funds have recently made changes to their positions in the business. Schwab Charles Investment Management Inc. purchased a new stake in Paragon Commercial during the 2nd quarter valued at $373,000. Northern Trust Corp purchased a new stake in Paragon Commercial during the 2nd quarter valued at $1,987,000. Bank of New York Mellon Corp purchased a new stake in Paragon Commercial during the 2nd quarter valued at $613,000. Mizuho Securities USA LLC purchased a new stake in Paragon Commercial during the 3rd quarter valued at $1,278,000. Finally, TIAA CREF Investment Management LLC boosted its position in Paragon Commercial by 5,791.7% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 11,371 shares of the bank’s stock valued at $597,000 after buying an additional 11,178 shares during the period. 32.38% of the stock is owned by institutional investors and hedge funds.
WARNING: “BidaskClub Lowers Paragon Commercial (NASDAQ:PBNC) to Sell” was posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this story on another publication, it was stolen and reposted in violation of US & international trademark and copyright laws. The correct version of this story can be read at https://www.dispatchtribunal.com/2018/01/14/bidaskclub-downgrades-paragon-commercial-pbnc-to-sell.html.
About Paragon Commercial
Paragon Commercial Corporation is a bank holding company for Paragon Bank (the Bank). The Bank is engaged in general commercial banking in Wake and Mecklenburg Counties, North California. The Bank offers private banking and commercial banking services. Its private banking services include deposit services, such as debit cards and safe deposit boxes.
Receive News & Ratings for Paragon Commercial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paragon Commercial and related companies with MarketBeat.com's FREE daily email newsletter.