Paragon Banking Group (LON:PAG) Shares Cross Above 200-Day Moving Average - Should You Sell?

Paragon Banking Group PLC (LON:PAG - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 749.27 ($9.25) and traded as high as GBX 761.50 ($9.41). Paragon Banking Group shares last traded at GBX 749.50 ($9.26), with a volume of 715,954 shares traded.

Analysts Set New Price Targets

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

Paragon Banking Group Stock Up 1.7 %

The business's 50 day simple moving average is GBX 741.61 and its 200 day simple moving average is GBX 749.27. The company has a debt-to-equity ratio of 168.79, a current ratio of 1.21 and a quick ratio of 1.48. The company has a market capitalization of £1.55 billion, a PE ratio of 1,155.30, a P/E/G ratio of 0.50 and a beta of 1.52.

Paragon Banking Group (LON:PAG - Get Free Report) last announced 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 net margin of 42.60% and a return on equity of 14.43%. As a group, analysts anticipate 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 announced a dividend, which will be paid on Friday, March 7th. Investors of record on Thursday, February 6th will be issued a GBX 27.20 ($0.34) dividend. The ex-dividend date is Thursday, February 6th. This is a positive change from Paragon Banking Group's previous dividend of $13.20. This represents a yield of 3.64%. Paragon Banking Group's dividend payout ratio (DPR) is 6,060.61%.

Insiders Place Their Bets

In related news, insider Nigel S. Terrington acquired 26,962 shares of the firm's stock in a transaction on Thursday, December 5th. The stock was bought at an average price of GBX 790 ($9.76) per share, for a total transaction of £212,999.80 ($263,092.64). Also, insider Richard Woodman bought 2,241 shares of the business's stock in a transaction dated Friday, December 20th. The shares were purchased at an average price of GBX 730 ($9.02) per share, for a total transaction of £16,359.30 ($20,206.65). 3.59% of the stock is owned by company insiders.

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.