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

Paragon Banking Group PLC (LON:PAG)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 Analyst Weigh In

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

Paragon Banking Group Trading Down 2.3 %

The company has a current ratio of 1.30, a quick ratio of 1.48 and a debt-to-equity ratio of 222.26. The business’s fifty day simple moving average is GBX 666.71 and its two-hundred day simple moving average is GBX 606.26. The stock has a market capitalization of £1.43 billion, a P/E ratio of 1,014.39, a P/E/G ratio of 0.50 and a beta of 1.50.

Paragon Banking Group Increases Dividend

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

Insider Transactions at Paragon Banking Group

In other Paragon Banking Group news, insider Zoe Howorth acquired 6,541 shares of Paragon Banking Group stock in a transaction dated Monday, February 19th. The stock was bought at an average cost of GBX 639 ($7.95) per share, with a total value of £41,796.99 ($52,031.61). In other news, insider Graeme Yorston purchased 475 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The stock was purchased at an average cost of GBX 665 ($8.28) per share, with a total value of £3,158.75 ($3,932.22). Also, insider Zoe Howorth purchased 6,541 shares of the business’s stock in a transaction that occurred on Monday, February 19th. The shares were purchased at an average cost of GBX 639 ($7.95) per share, with a total value of £41,796.99 ($52,031.61). In the last three months, insiders acquired 7,264 shares of company stock valued at $4,663,470. Company insiders own 3.51% of the company’s stock.

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.