Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Paragon Commercial Corporation (PBNC) Share Price
Media headlines about Paragon Commercial Corporation (NASDAQ:PBNC) have trended somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Paragon Commercial Corporation earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave press coverage about the bank an impact score of 46.3261869355476 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Shares of Paragon Commercial Corporation (PBNC) traded up 0.21% on Friday, hitting $51.43. 13,217 shares of the company were exchanged. The stock has a market capitalization of $280.76 million, a PE ratio of 20.22 and a beta of 0.45. The firm’s 50-day moving average is $52.40 and its 200-day moving average is $51.73. Paragon Commercial Corporation has a 52-week low of $35.99 and a 52-week high of $57.05.
Several research firms have commented on PBNC. Zacks Investment Research raised shares of Paragon Commercial Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. Sandler O’Neill downgraded shares of Paragon Commercial Corporation from a “buy” rating to a “hold” rating in a report on Monday, May 1st. TheStreet downgraded shares of Paragon Commercial Corporation from a “c” rating to a “d” rating in a report on Thursday, July 20th. ValuEngine raised shares of Paragon Commercial Corporation from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Finally, Raymond James Financial, Inc. downgraded shares of Paragon Commercial Corporation from an “outperform” rating to a “market perform” rating in a report on Monday, May 1st. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Paragon Commercial Corporation currently has an average rating of “Hold” and a consensus target price of $43.00.
In related news, Director Thomas B. Oxholm sold 2,375 shares of the business’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $53.73, for a total transaction of $127,608.75. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
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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