Nigel Terrington Sells 23,940 Shares of Paragon Banking Group (LON:PAG) Stock

Paragon Banking Group PLC (LON:PAG) insider Nigel Terrington sold 23,940 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of GBX 902, for a total transaction of £215,938.80.

Paragon Banking Group Stock Performance

Shares of Paragon Banking Group stock opened at GBX 908 on Thursday. The stock has a market capitalization of £1.72 billion, a P/E ratio of 10.33, a P/E/G ratio of 0.50 and a beta of 1.52. Paragon Banking Group PLC has a 52-week low of GBX 650.50 and a 52-week high of GBX 981. The stock’s 50-day simple moving average is GBX 863.04 and its 200 day simple moving average is GBX 866.74.

Paragon Banking Group (LON:PAG) last announced its quarterly earnings results on Friday, January 16th. The company reported GBX 91.20 earnings per share for the quarter. Paragon Banking Group had a return on equity of 14.13% and a net margin of 25.14%. Equities research analysts forecast that Paragon Banking Group PLC will post 104.0245566 EPS for the current fiscal year.

Paragon Banking Group announced that its Board of Directors has initiated a stock buyback program on Wednesday, December 3rd that permits the company to buyback 0 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

Several research firms have recently commented on PAG. Shore Capital raised their target price on shares of Paragon Banking Group from GBX 1,040 to GBX 1,055 and gave the stock a “buy” rating in a report on Tuesday, January 27th. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 1,050 price objective on shares of Paragon Banking Group in a research report on Wednesday, January 28th. Finally, UBS Group reissued a “buy” rating and issued a GBX 1,020 target price on shares of Paragon Banking Group in a research note on Friday, January 16th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Paragon Banking Group has an average rating of “Moderate Buy” and an average target price of GBX 1,028.20.

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.
Its operations are organised into two lending divisions and lending is funded largely by retail deposits.