Richard Woodman Sells 259,904 Shares of Paragon Banking Group PLC (LON:PAG) Stock

Paragon Banking Group PLC (LON:PAG) insider Richard Woodman sold 259,904 shares of Paragon Banking Group stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of GBX 765 ($9.49), for a total value of £1,988,265.60 ($2,465,301.43).

Richard Woodman also recently made the following trade(s):

• On Friday, December 20th, Richard Woodman purchased 2,241 shares of Paragon Banking Group stock. The shares were purchased at an average price of GBX 730 ($9.05) per share, with a total value of £16,359.30 ($20,284.31).

Paragon Banking Group Stock Performance

PAG stock opened at GBX 803.50 ($9.96) on Friday. The firm has a market cap of £1.63 billion, a PE ratio of 1,217.42, a price-to-earnings-growth ratio of 0.50 and a beta of 1.52. The company has a current ratio of 1.21, a quick ratio of 1.48 and a debt-to-equity ratio of 168.79. The stock has a 50-day moving average price of GBX 747.82 and a 200-day moving average price of GBX 750.26. Paragon Banking Group PLC has a 1-year low of GBX 623.50 ($7.73) and a 1-year high of GBX 868 ($10.76).

Paragon Banking Group (LON:PAG) last issued its earnings results on Tuesday, December 3rd. The company reported GBX 101.10 ($1.25) earnings per share for the quarter. Paragon Banking Group had a return on equity of 14.43% and a net margin of 42.60%. As a group, equities research analysts expect that Paragon Banking Group PLC will post 104.0245566 earnings per share for the current year.

Paragon Banking Group Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, March 7th. Investors of record on Thursday, February 6th will be given a dividend of GBX 27.20 ($0.34) per share. This represents a dividend yield of 3.64%. The ex-dividend date is Thursday, February 6th. This is an increase from Paragon Banking Group’s previous dividend of $13.20. Paragon Banking Group’s payout ratio is presently 6,060.61%.

Wall Street Analysts Forecast Growth

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

Paragon Banking Group Company Profile

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.