Paragon Commercial (PBNC) Lowered to Sell at BidaskClub

BidaskClub downgraded shares of Paragon Commercial (NASDAQ:PBNC) from a hold rating to a sell rating in a research report report published on Saturday.

Separately, ValuEngine lowered Paragon Commercial from a buy rating to a hold rating in a report on Monday, October 2nd. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Paragon Commercial has an average rating of Hold.

Paragon Commercial (NASDAQ PBNC) opened at $52.33 on Friday. The company has a debt-to-equity ratio of 1.87, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a market capitalization of $290.55, a P/E ratio of 20.60 and a beta of 0.57. Paragon Commercial has a 1-year low of $43.50 and a 1-year high of $59.95.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PBNC. State Street Corp bought a new stake in Paragon Commercial in the 2nd quarter valued at $2,343,000. Northern Trust Corp bought a new stake in Paragon Commercial in the 2nd quarter valued at $1,987,000. Mizuho Securities USA LLC bought a new stake in Paragon Commercial in the 3rd quarter valued at $1,278,000. Aldebaran Financial Inc. boosted its stake in Paragon Commercial by 68.8% in the 3rd quarter. Aldebaran Financial Inc. now owns 50,625 shares of the bank’s stock valued at $2,858,000 after purchasing an additional 20,625 shares during the period. Finally, SG Americas Securities LLC bought a new stake in Paragon Commercial in the 3rd quarter valued at $762,000. Institutional investors and hedge funds own 32.38% of the company’s stock.

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Paragon Commercial 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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