Paragon Banking Group (LON:PAG) Stock Passes Above 200-Day Moving Average of $598.53

Paragon Banking Group PLC (LON:PAG)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 598.53 ($7.58) and traded as high as GBX 700 ($8.86). Paragon Banking Group shares last traded at GBX 686 ($8.68), with a volume of 280,368 shares.

Analyst Ratings Changes

Separately, Shore Capital restated a “buy” rating on shares of Paragon Banking Group in a report on Friday, January 26th.

Paragon Banking Group Stock Down 2.1 %

The business’s fifty day moving average is GBX 663.08 and its two-hundred day moving average is GBX 598.53. The company has a market cap of £1.46 billion, a P/E ratio of 1,039.39, a price-to-earnings-growth ratio of 0.50 and a beta of 1.50. The company has a debt-to-equity ratio of 222.26, a quick ratio of 1.48 and a current ratio of 1.30.

Paragon Banking Group Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 8th. Investors of record on Thursday, February 1st were issued a dividend of GBX 19.20 ($0.24) per share. This is a positive change from Paragon Banking Group’s previous dividend of $9.40. The ex-dividend date of this dividend was Thursday, February 1st. This represents a yield of 4.13%. Paragon Banking Group’s dividend payout ratio (DPR) is presently 5,606.06%.

Insider Activity at Paragon Banking Group

In related news, insider Peter Hill acquired 248 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was bought at an average price of GBX 677 ($8.57) per share, for a total transaction of £1,678.96 ($2,125.00). In other Paragon Banking Group news, insider Zoe Howorth bought 6,541 shares of the business’s stock in a transaction on Monday, February 19th. The shares were acquired at an average price of GBX 639 ($8.09) per share, with a total value of £41,796.99 ($52,900.89). Also, insider Peter Hill bought 248 shares of the business’s stock in a transaction on Monday, March 11th. The shares were acquired at an average cost of GBX 677 ($8.57) per share, for a total transaction of £1,678.96 ($2,125.00). Insiders purchased 7,264 shares of company stock worth $4,663,470 in the last 90 days. 3.51% of the stock is owned by corporate insiders.

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.