Paragon Commercial Corp (PBNC) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Paragon Commercial Corp (NASDAQ:PBNC) have been given a consensus recommendation of “Hold” by the six analysts that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating and four have issued a hold rating on the company.

Separately, BidaskClub lowered shares of Paragon Commercial from a “sell” rating to a “strong sell” rating in a research report on Friday, January 26th.

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Shares of NASDAQ PBNC traded down $0.49 during trading on Monday, hitting $53.83. The company had a trading volume of 63,800 shares, compared to its average volume of 12,528. Paragon Commercial has a fifty-two week low of $44.99 and a fifty-two week high of $59.95. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.87.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp boosted its position in Paragon Commercial by 18.5% during the third quarter. Bank of New York Mellon Corp now owns 13,849 shares of the bank’s stock worth $783,000 after acquiring an additional 2,165 shares during the last quarter. Aldebaran Financial Inc. boosted its position in Paragon Commercial by 68.8% during the third quarter. Aldebaran Financial Inc. now owns 50,625 shares of the bank’s stock worth $2,858,000 after acquiring an additional 20,625 shares during the last quarter. Stifel Financial Corp boosted its position in Paragon Commercial by 27.2% during the third quarter. Stifel Financial Corp now owns 28,610 shares of the bank’s stock worth $1,615,000 after acquiring an additional 6,110 shares during the last quarter. Bishop Rock Capital L.P. acquired a new position in Paragon Commercial during the fourth quarter worth about $240,000. Finally, First Trust Advisors LP acquired a new position in Paragon Commercial during the fourth quarter worth about $548,000. Hedge funds and other institutional investors own 32.32% of the company’s stock.

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Paragon Commercial Company Profile

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.

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