Paragon Banking Group PLC (LON:PAG - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 750.74 ($9.44) and traded as high as GBX 765.50 ($9.63). Paragon Banking Group shares last traded at GBX 753 ($9.47), with a volume of 2,923,622 shares changing hands.
Wall Street Analyst Weigh In
Separately, Shore Capital reaffirmed a "buy" rating on shares of Paragon Banking Group in a report on Wednesday, December 4th.
Read Our Latest Stock Report on Paragon Banking Group
Paragon Banking Group Trading Up 0.3 %
The business's fifty day simple moving average is GBX 752.47 and its 200 day simple moving average is GBX 750.78. The stock has a market cap of £1.51 billion, a price-to-earnings ratio of 8.16, a price-to-earnings-growth ratio of 0.50 and a beta of 1.52.
Paragon Banking Group (LON:PAG - Get Free Report) last released its earnings results on Tuesday, December 3rd. The company reported GBX 101.10 ($1.27) EPS for the quarter. Paragon Banking Group had a net margin of 25.14% and a return on equity of 14.13%. As a group, research analysts anticipate that Paragon Banking Group PLC will post 104.0245566 earnings per share for the current year.
Paragon Banking Group Increases Dividend
The firm also recently announced a dividend, which will be paid on Friday, March 7th. Shareholders of record on Thursday, February 6th will be issued a dividend of GBX 27.20 ($0.34) per share. This represents a yield of 3.64%. The ex-dividend date of this dividend is Thursday, February 6th. This is a positive change from Paragon Banking Group's previous dividend of $13.20. Paragon Banking Group's payout ratio is currently 43.17%.
Insider Activity
In other news, insider Richard Woodman sold 259,904 shares of the business's stock in a transaction on Thursday, January 30th. The shares were sold at an average price of GBX 765 ($9.62), for a total value of £1,988,265.60 ($2,500,334.00). Also, insider Nigel S. Terrington purchased 26,962 shares of the firm's stock in a transaction dated Thursday, December 5th. The stock was purchased at an average cost of GBX 790 ($9.93) per share, with a total value of £212,999.80 ($267,856.89). 3.59% of the stock is owned by company insiders.
Paragon Banking Group Company Profile
(
Get Free Report)
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.
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