Insider Buying: Paragon Banking Group PLC (LON:PAG) Insider Acquires 159 Shares of Stock

Paragon Banking Group PLC (LON:PAG - Get Free Report) insider Peter Hill bought 159 shares of Paragon Banking Group stock in a transaction dated Monday, March 17th. The stock was purchased at an average price of GBX 740 ($9.60) per share, with a total value of £1,176.60 ($1,525.67).

Paragon Banking Group Price Performance

Shares of LON PAG traded up GBX 7.50 ($0.10) during trading on Friday, hitting GBX 764.50 ($9.91). The stock had a trading volume of 10,279,176 shares, compared to its average volume of 1,039,872. The company has a market capitalization of £1.53 billion, a PE ratio of 8.25, a PEG ratio of 0.50 and a beta of 1.52. The firm has a fifty day moving average of GBX 752.36 and a two-hundred day moving average of GBX 747.95. Paragon Banking Group PLC has a 12 month low of GBX 656 ($8.51) and a 12 month high of GBX 868 ($11.26).

Paragon Banking Group Increases Dividend

The business also recently declared a dividend, which was paid on Friday, March 7th. Investors of record on Thursday, February 6th were given a dividend of GBX 27.20 ($0.35) per share. The ex-dividend date was Thursday, February 6th. This represents a yield of 3.64%. This is a positive change from Paragon Banking Group's previous dividend of $13.20. Paragon Banking Group's dividend payout ratio is presently 43.17%.

Wall Street Analysts Forecast Growth

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

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About Paragon Banking Group

Paragon is a specialist banking group. It offers a range of savings accounts and provide finance for landlords and small and medium-sized businesses (‘SMEs') and residential property developers in the UK. Founded in 1985 and listed on the London Stock Exchange, it is a FTSE-250 company. Headquartered in Solihull, it employs more than 1,400 people.