Paragon Banking Group (LON:PAG) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Paragon Banking Group PLC (LON:PAG) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 750.74 ($9.52) and traded as high as GBX 765.50 ($9.70). Paragon Banking Group shares last traded at GBX 753 ($9.54), with a volume of 2,923,622 shares traded.

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a “buy” rating on shares of Paragon Banking Group in a research report on Wednesday, December 4th.

Paragon Banking Group Price Performance

The stock has a market capitalization of £1.52 billion, a P/E ratio of 8.21, a price-to-earnings-growth ratio of 0.50 and a beta of 1.52. The company’s 50-day simple moving average is GBX 751.40 and its 200-day simple moving average is GBX 750.74.

Paragon Banking Group (LON:PAG) last released its quarterly earnings data on Tuesday, December 3rd. The company reported GBX 101.10 ($1.28) EPS for the quarter. Paragon Banking Group had a net margin of 25.14% and a return on equity of 14.13%. On average, analysts forecast that Paragon Banking Group PLC will post 104.0245566 earnings per share for the current fiscal year.

Paragon Banking Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, March 7th. Shareholders of record on Thursday, February 6th will be issued a GBX 27.20 ($0.34) dividend. This is an increase from Paragon Banking Group’s previous dividend of $13.20. This represents a dividend yield of 3.64%. The ex-dividend date is Thursday, February 6th. Paragon Banking Group’s payout ratio is currently 43.17%.

Insider Buying and Selling at Paragon Banking Group

In other Paragon Banking Group news, insider Richard Woodman purchased 2,241 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The shares were acquired at an average cost of GBX 730 ($9.25) per share, for a total transaction of £16,359.30 ($20,734.22). Also, insider Nigel S. Terrington purchased 26,962 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The stock was acquired at an average price of GBX 790 ($10.01) per share, for a total transaction of £212,999.80 ($269,961.72). Corporate insiders own 3.59% of the company’s stock.

About Paragon Banking Group

Paragon Banking Group PLC provides financial products and services in the United Kingdom. It operates in two segments, Mortgage Lending and Commercial Lending. The Mortgage Lending segment offers buy-to-let mortgages, as well as includes owner-occupied first and second charge mortgages. The Commercial Lending segment comprises SME lending, such as hire purchase, and finance and operating leases; and provides development finance, motor finance, structured lending, and other products.