Paragon Commercial Corp. (PBNC) Receives Average Recommendation of “Strong Buy” from Analysts

Shares of Paragon Commercial Corp. (NASDAQ:PBNC) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.

Brokers have set a 12-month consensus price target of $41.00 for the company and are expecting that the company will post $0.62 EPS for the current quarter, according to Zacks. Zacks has also assigned Paragon Commercial Corp. an industry rank of 112 out of 265 based on the ratings given to its competitors.

Several research analysts have issued reports on the company. Zacks Investment Research raised Paragon Commercial Corp. from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a report on Tuesday, September 13th. Sandler O’Neill began coverage on shares of Paragon Commercial Corp. in a research report on Wednesday, September 28th. They set a “buy” rating on the stock. Finally, Raymond James Financial Inc. began coverage on shares of Paragon Commercial Corp. in a research report on Monday, July 11th. They set a “strong-buy” rating and a $41.00 price objective on the stock.

In other news, Director Thomas B. Oxholm acquired 1,500 shares of the stock in a transaction on Friday, July 22nd. The shares were purchased at an average cost of $36.29 per share, for a total transaction of $54,435.00. Following the transaction, the director now owns 23,550 shares in the company, valued at approximately $854,629.50. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

Paragon Commercial Corp. (NASDAQ:PBNC) opened at 39.00 on Friday. The stock has a market capitalization of $212.59 million and a price-to-earnings ratio of 14.24. The firm has a 50-day moving average price of $37.48 and a 200 day moving average price of $36.47. Paragon Commercial Corp. has a 52-week low of $33.65 and a 52-week high of $39.99.

Paragon Commercial Corp. Company Profile

Paragon Commercial Corporation is the holding company for Paragon Bank (the Bank), serving small and middle-market companies, nonprofits, trade associations, property owners associations, law firms, title companies, and private banking clients in the Raleigh and Charlotte metropolitan markets of North Carolina.

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