Paragon Commercial Corporation (NASDAQ:PBNC) has received an average recommendation of “Hold” from the six ratings firms that are covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company.

Several equities research analysts recently weighed in on PBNC shares. Raymond James Financial, Inc. cut shares of Paragon Commercial Corporation from an “outperform” rating to a “market perform” rating in a research note on Monday, May 1st. Sandler O’Neill cut shares of Paragon Commercial Corporation from a “buy” rating to a “hold” rating in a research note on Monday, May 1st. Zacks Investment Research cut shares of Paragon Commercial Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, May 4th. ValuEngine upgraded shares of Paragon Commercial Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Finally, TheStreet cut shares of Paragon Commercial Corporation from a “c” rating to a “d” rating in a research note on Thursday, July 20th.

Shares of Paragon Commercial Corporation (PBNC) opened at 53.50 on Tuesday. The company has a market capitalization of $292.00 million, a price-to-earnings ratio of 21.03 and a beta of 0.45. Paragon Commercial Corporation has a one year low of $35.70 and a one year high of $57.05. The company has a 50-day moving average price of $52.58 and a 200 day moving average price of $51.15.

In related news, Director Thomas B. Oxholm sold 2,375 shares of the stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $53.73, for a total value of $127,608.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Mendon Capital Advisors Corp raised its position in Paragon Commercial Corporation by 3.3% in the first quarter. Mendon Capital Advisors Corp now owns 117,810 shares of the bank’s stock valued at $6,302,000 after buying an additional 3,815 shares during the period. RMB Capital Management LLC raised its position in Paragon Commercial Corporation by 29.3% in the first quarter. RMB Capital Management LLC now owns 109,112 shares of the bank’s stock valued at $5,836,000 after buying an additional 24,696 shares during the period. Eidelman Virant Capital acquired a new position in Paragon Commercial Corporation during the first quarter valued at about $2,683,000. River Oaks Capital LLC raised its position in Paragon Commercial Corporation by 19.3% in the first quarter. River Oaks Capital LLC now owns 36,401 shares of the bank’s stock valued at $1,947,000 after buying an additional 5,900 shares during the period. Finally, Aldebaran Financial Inc. acquired a new position in Paragon Commercial Corporation during the first quarter valued at about $1,605,000. 31.39% of the stock is owned by hedge funds and other institutional investors.

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About Paragon Commercial Corporation

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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