Somewhat Favorable News Coverage Somewhat Unlikely to Affect Paragon Commercial Corporation (PBNC) Stock Price

Media headlines about Paragon Commercial Corporation (NASDAQ:PBNC) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Paragon Commercial Corporation earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave news headlines about the bank an impact score of 46.3587696354065 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

A number of brokerages have commented on PBNC. TheStreet cut Paragon Commercial Corporation from a “c” rating to a “d” rating in a research note on Thursday, July 20th. Zacks Investment Research raised Paragon Commercial Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. Sandler O’Neill cut Paragon Commercial Corporation from a “buy” rating to a “hold” rating in a research note on Monday, May 1st. ValuEngine raised Paragon Commercial Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Finally, Raymond James Financial, Inc. cut Paragon Commercial Corporation from an “outperform” rating to a “market perform” rating in a research note on Monday, May 1st. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $43.00.

Shares of Paragon Commercial Corporation (NASDAQ PBNC) opened at 53.50 on Tuesday. The firm has a 50-day moving average price of $52.58 and a 200-day moving average price of $51.15. The firm has a market cap of $292.00 million, a PE ratio of 21.03 and a beta of 0.45. Paragon Commercial Corporation has a 52 week low of $35.70 and a 52 week high of $57.05.

In other news, Director Thomas B. Oxholm sold 2,375 shares of the stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $53.73, for a total value of $127,608.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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Paragon Commercial Corporation 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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