Paragon Commercial Corporation (NASDAQ:PBNC) Given Daily News Sentiment Rating of 0.19
News headlines about Paragon Commercial Corporation (NASDAQ:PBNC) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Paragon Commercial Corporation earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave headlines about the bank an impact score of 46.3587696354065 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Paragon Commercial Corporation (NASDAQ:PBNC) opened at 53.50 on Tuesday. Paragon Commercial Corporation has a 12-month low of $35.70 and a 12-month high of $57.05. The company has a market capitalization of $292.00 million, a PE ratio of 21.03 and a beta of 0.45. The stock’s 50 day moving average price is $52.58 and its 200 day moving average price is $51.15.
Several brokerages have commented on PBNC. Sandler O’Neill downgraded Paragon Commercial Corporation from a “buy” rating to a “hold” rating in a research note on Monday, May 1st. Raymond James Financial, Inc. downgraded Paragon Commercial Corporation from an “outperform” rating to a “market perform” rating in a research note on Monday, May 1st. ValuEngine upgraded Paragon Commercial Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Zacks Investment Research raised Paragon Commercial Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. Finally, TheStreet cut Paragon Commercial Corporation from a “c” rating to a “d” rating in a report on Thursday, July 20th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Paragon Commercial Corporation presently has a consensus rating of “Hold” and an average price target of $43.00.
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In other news, Director Thomas B. Oxholm sold 2,375 shares of the business’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $53.73, for a total transaction of $127,608.75. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
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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