Zacks Investment Research downgraded Paragon Commercial Corp (NASDAQ:PBNC) to Hold in a report released today.
- Updated: September 25, 2016
Zacks Investment Research has downgraded Paragon Commercial Corp (NASDAQ:PBNC) to Hold in a report released on Wednesday September 21, 2016.
Previously on 9/13/2016, Zacks Investment Research reported on Paragon Commercial Corp (NASDAQ:PBNC) increased the target price from $0.00 to $41.00. At the time, this indicated a possible upside of 0.12%.
Yesterday Paragon Commercial Corp (NASDAQ:PBNC) traded 1.80% higher at $37.46. Paragon Commercial Corp’s 50-day moving average is $37.00 and its 200-day moving average is $36.26. The last stock price is up 7.39% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time. 8,668 shares of Paragon Commercial Corp traded, down from an avg. volume of 8,911
Recent Performance Chart
Paragon Commercial Corp has P/E ratio of 14.22 with a 52 week low of $33.65 and a 52 week high of $39.99 and has a market cap of $0.
General Information About Paragon Commercial Corp (NASDAQ:PBNC)
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. The Bank is engaged in general commercial banking in Wake and Mecklenburg Counties. The Bank offers online and mobile banking services, business checking, nonprofit checking, certificates of deposit, business debit cards, safe deposit boxes, merchant services, wire transfers and courier service, among others. The Bank offers a range of wealth management services, including business retirement plans, 401k plans, self-employed retirement plans, buy sell agreements, and succession and exit planning. The Bank offers various loans, such as construction and land development loans, commercial real estate loans, commercial and industrial loans, and consumer and other loans.
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