Paragon Banking Group (LON:PAG) Shares Cross Above 200 Day Moving Average of $606.26

Paragon Banking Group PLC (LON:PAG)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 606.26 ($7.55) and traded as high as GBX 676.50 ($8.42). Paragon Banking Group shares last traded at GBX 669.50 ($8.33), with a volume of 388,481 shares changing hands.

Wall Street Analysts Forecast Growth

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

Paragon Banking Group Stock Performance

The stock’s 50-day moving average is GBX 666.71 and its 200-day moving average is GBX 606.26. The stock has a market cap of £1.43 billion, a price-to-earnings ratio of 1,014.39, 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 current ratio of 1.30 and a quick ratio of 1.48.

Paragon Banking Group Increases Dividend

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

Insider Buying and Selling

In other Paragon Banking Group news, insider Richard Woodman sold 27,764 shares of Paragon Banking Group stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of GBX 706 ($8.79), for a total value of £196,013.84 ($244,010.76). In related news, insider Graeme Yorston purchased 475 shares of the firm’s stock in a transaction on Tuesday, March 19th. The shares were bought at an average price of GBX 665 ($8.28) per share, for a total transaction of £3,158.75 ($3,932.22). Also, insider Richard Woodman sold 27,764 shares of Paragon Banking Group stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of GBX 706 ($8.79), for a total transaction of £196,013.84 ($244,010.76). Over the last 90 days, insiders have bought 7,264 shares of company stock worth $4,663,470. 3.51% of the stock is owned by 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.