Paragon Commercial (NASDAQ:PBNC) is set to issue its quarterly earnings data on Tuesday, January 16th. Analysts expect the company to announce earnings of $0.77 per share for the quarter.
Shares of Paragon Commercial (PBNC) opened at $54.08 on Tuesday. The company has a debt-to-equity ratio of 1.87, a quick ratio of 1.12 and a current ratio of 1.12. Paragon Commercial has a one year low of $43.52 and a one year high of $59.95. The firm has a market cap of $294.70, a P/E ratio of 21.29 and a beta of 0.57.
A hedge fund recently bought a new stake in Paragon Commercial stock. State Street Corp bought a new position in shares of Paragon Commercial Corp (NASDAQ:PBNC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 44,675 shares of the bank’s stock, valued at approximately $2,343,000. State Street Corp owned 0.82% of Paragon Commercial as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 32.38% of the company’s stock.
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About Paragon Commercial
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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