Paragon Banking Group (LON:PAG) Stock Price Crosses Above Two Hundred Day Moving Average of $497.29

Paragon Banking Group PLC (LON:PAGGet Rating)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 497.29 ($6.07) and traded as high as GBX 574.50 ($7.01). Paragon Banking Group shares last traded at GBX 567 ($6.92), with a volume of 437,958 shares changing hands.

Analysts Set New Price Targets

Several research firms recently commented on PAG. Shore Capital reiterated a “buy” rating on shares of Paragon Banking Group in a research note on Tuesday, December 6th. Royal Bank of Canada upped their price objective on Paragon Banking Group from GBX 500 ($6.10) to GBX 575 ($7.02) and gave the company a “sector perform” rating in a research note on Thursday, December 8th.

Paragon Banking Group Trading Up 0.2 %

The stock has a market cap of £1.33 billion and a PE ratio of 450.00. The firm has a 50-day simple moving average of GBX 524.17 and a 200-day simple moving average of GBX 497.29. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 290.57.

Paragon Banking Group Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, March 3rd. Shareholders of record on Thursday, February 2nd will be given a dividend of GBX 19.20 ($0.23) per share. The ex-dividend date of this dividend is Thursday, February 2nd. This represents a dividend yield of 4.13%. This is an increase from Paragon Banking Group’s previous dividend of $9.40. Paragon Banking Group’s dividend payout ratio is currently 22.46%.

Insiders Place Their Bets

In other Paragon Banking Group news, insider Richard Woodman sold 12,455 shares of the stock in a transaction on Thursday, January 12th. The stock was sold at an average price of GBX 584 ($7.13), for a total transaction of £72,737.20 ($88,758.02). In other news, insider Hugo Tudor sold 7,000 shares of the company’s stock in a transaction on Wednesday, January 4th. The shares were sold at an average price of GBX 587 ($7.16), for a total value of £41,090 ($50,140.33). Also, insider Richard Woodman sold 12,455 shares of the company’s stock in a transaction on Thursday, January 12th. The stock was sold at an average price of GBX 584 ($7.13), for a total transaction of £72,737.20 ($88,758.02).

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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