The stock of Paragon Commercial Corp (NASDAQ:PBNC) is a huge mover today! The stock decreased 2.34% or $0.87 during the last trading session, hitting $36.28. About 58,931 shares traded hands or 409.87% up from the average. Paragon Commercial Corp (NASDAQ:PBNC) has risen 6.00% since September 1, 2016 and is uptrending. It has underperformed by 4.42% the S&P500.
The move comes after 6 months negative chart setup for the $189.32M company. It was reported on Oct, 1 by Barchart.com. We have $32.65 PT which if reached, will make NASDAQ:PBNC worth $18.93 million less.
Analysts await Paragon Commercial Corp (PBNC) to report earnings on October, 19. PBNC’s profit will be $3.24M for 14.63 P/E if the $0.62 EPS becomes a reality. After $0.75 actual earnings per share reported by Paragon Commercial Corp for the previous quarter, Wall Street now forecasts -17.33% negative EPS growth.
According to Zacks Investment Research, “Paragon Commercial Corporation is the parent company of Paragon Bank, which provides a private banking services to businesses, professionals, executives, entrepreneurs and other individuals. The company services consist of extensive courier service, online and mobile technologies, free worldwide ATM access. It operates primarily in Raleigh, Cary and Charlotte, NC. Paragon Commercial Corporation is headquartered in Raleigh, North Carolina.”
More recent Paragon Commercial Corp (NASDAQ:PBNC) news were published by: Marketwatch.com which released: “Paragon Commercial started at strong buy with $41 stock price target at …” on February 03, 2015. Also Bizjournals.com published the news titled: “Paragon Commercial Corp files for Nasdaq debut” on May 26, 2016. Seekingalpha.com‘s news article titled: “Paragon Commercial sets terms for IPO” with publication date: June 10, 2016 was also an interesting one.
PBNC Company Profile
Paragon Commercial Corporation is the holding firm 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.
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