Insider Buying: Paragon Banking Group PLC (LON:PAG) Insider Acquires 200 Shares of Stock

Paragon Banking Group PLC (LON:PAGGet Rating) insider Peter Hill acquired 200 shares of the firm’s stock in a transaction that occurred on Tuesday, September 6th. The stock was acquired at an average price of GBX 497 ($6.01) per share, for a total transaction of £994 ($1,201.06).

Paragon Banking Group Stock Down 1.6 %

LON:PAG opened at GBX 493 ($5.96) on Thursday. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 351.83. The stock’s fifty day moving average is GBX 526.40 and its two-hundred day moving average is GBX 502.34. Paragon Banking Group PLC has a 52 week low of GBX 408.80 ($4.94) and a 52 week high of GBX 619 ($7.48). The stock has a market capitalization of £1.18 billion and a price-to-earnings ratio of 632.05.

Paragon Banking Group Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, July 29th. Stockholders of record on Thursday, July 7th were paid a GBX 9.40 ($0.11) dividend. This represents a dividend yield of 2%. The ex-dividend date was Thursday, July 7th. Paragon Banking Group’s payout ratio is currently 33.46%.

Analyst Ratings Changes

A number of research analysts recently commented on PAG shares. Royal Bank of Canada upped their price objective on Paragon Banking Group from GBX 600 ($7.25) to GBX 620 ($7.49) and gave the company a “sector perform” rating in a report on Thursday, July 28th. Shore Capital reiterated a “buy” rating on shares of Paragon Banking Group in a report on Wednesday, July 27th.

Paragon Banking Group Company Profile

(Get Rating)

Paragon Banking Group PLC provides financial services in the United Kingdom. It operates through three segments: Mortgage Lending, Commercial Lending, and Idem Capital. The Mortgages Lending segment offers buy-to-let, owner-occupied first and second charge lending, and related activities. The Commercial Lending segment provides SME lending, development finance, structured lending, and motor finance services.

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