Paragon Commercial Corp. (NASDAQ:PBNC) Given Consensus Recommendation of “Strong Buy” by Analysts
Paragon Commercial Corp. (NASDAQ:PBNC) has been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.
Analysts have set a 1 year consensus target price of $41.00 for the company and are forecasting that the company will post $0.62 EPS for the current quarter, according to Zacks. Zacks has also given Paragon Commercial Corp. an industry rank of 169 out of 265 based on the ratings given to its competitors.
Several research firms recently issued reports on PBNC. Zacks Investment Research upgraded shares of Paragon Commercial Corp. from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a research note on Tuesday, September 13th. Sandler O’Neill initiated coverage on shares of Paragon Commercial Corp. in a research report on Wednesday, September 28th. They set a “buy” rating for the company. Finally, Raymond James Financial Inc. initiated 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 for the company.
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Shares of Paragon Commercial Corp. (NASDAQ:PBNC) traded up 0.95% during mid-day trading on Friday, hitting $37.35. 1,620 shares of the stock traded hands. Paragon Commercial Corp. has a 12 month low of $33.65 and a 12 month high of $39.99. The stock has a market cap of $203.59 million and a price-to-earnings ratio of 13.64. The firm has a 50 day moving average of $37.30 and a 200 day moving average of $36.39.
In other Paragon Commercial Corp. news, Director Thomas B. Oxholm bought 1,500 shares of Paragon Commercial Corp. stock in a transaction dated Friday, July 22nd. The stock was acquired at an average cost of $36.29 per share, for a total transaction of $54,435.00. Following the completion of the transaction, the director now directly owns 23,550 shares of the company’s stock, valued at $854,629.50. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
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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