Paragon Banking Group (LON:PAG) Shares Cross Above 200 Day Moving Average - Here's What Happened

Paragon Banking Group PLC (LON:PAG - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 751.25 ($9.35) and traded as high as GBX 786 ($9.79). Paragon Banking Group shares last traded at GBX 773 ($9.63), with a volume of 454,438 shares.

Wall Street Analysts Forecast Growth

Separately, Shore Capital restated a "buy" rating on shares of Paragon Banking Group in a research note on Wednesday, December 4th.

Paragon Banking Group Trading Up 0.5 %

The company has a debt-to-equity ratio of 168.79, a quick ratio of 1.48 and a current ratio of 1.21. The business's fifty day moving average is GBX 753.03 and its 200-day moving average is GBX 751.64. The firm has a market cap of £1.60 billion, a P/E ratio of 1,195.45, 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 quarterly earnings results on Tuesday, December 3rd. The company reported GBX 101.10 ($1.26) earnings per share (EPS) for the quarter. Paragon Banking Group had a net margin of 42.60% and a return on equity of 14.43%. Analysts predict that Paragon Banking Group PLC will post 104.0245566 EPS for the current year.

Paragon Banking Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, March 7th. Shareholders of record on Thursday, February 6th will be paid a GBX 27.20 ($0.34) dividend. This represents a dividend yield of 3.64%. This is a positive change from Paragon Banking Group's previous dividend of $13.20. The ex-dividend date of this dividend is Thursday, February 6th. Paragon Banking Group's dividend payout ratio (DPR) is 6,060.61%.

Insider Buying and Selling at Paragon Banking Group

In other news, insider Nigel S. Terrington bought 26,962 shares of the stock in a transaction dated Thursday, December 5th. The stock was bought at an average price of GBX 790 ($9.84) per share, for a total transaction of £212,999.80 ($265,222.01). Also, insider Richard Woodman bought 2,241 shares of Paragon Banking Group stock in a transaction dated Friday, December 20th. The stock was acquired at an average price of GBX 730 ($9.09) per share, with a total value of £16,359.30 ($20,370.19). Insiders own 3.59% of the company's stock.

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.