Paragon Banking Group (LON:PAG) Shares Pass Above 200 Day Moving Average of $615.76

Paragon Banking Group PLC (LON:PAG) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 615.76 ($7.73) and traded as high as GBX 715 ($8.98). Paragon Banking Group shares last traded at GBX 715 ($8.98), with a volume of 462,851 shares changing hands.

Wall Street Analyst Weigh In

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

Paragon Banking Group Trading Up 2.4 %

The company has a debt-to-equity ratio of 222.26, a quick ratio of 1.48 and a current ratio of 1.30. The stock has a market capitalization of £1.52 billion, a price-to-earnings ratio of 1,083.33, a PEG ratio of 0.50 and a beta of 1.50. The company’s 50 day moving average is GBX 674.03 and its 200 day moving average is GBX 617.31.

Paragon Banking Group Increases Dividend

The company also recently declared a dividend, which was paid on Friday, March 8th. Shareholders of record on Thursday, February 1st were issued a GBX 19.20 ($0.24) dividend. This is a boost 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 is 5,606.06%.

Insider Transactions at Paragon Banking Group

In other Paragon Banking Group news, insider Zoe Howorth purchased 6,541 shares of the company’s stock in a transaction that occurred on Monday, February 19th. The stock was purchased at an average price of GBX 639 ($8.03) per share, with a total value of £41,796.99 ($52,502.19). In other news, insider Zoe Howorth purchased 6,541 shares of Paragon Banking Group stock in a transaction on Monday, February 19th. The shares were purchased at an average cost of GBX 639 ($8.03) per share, for a total transaction of £41,796.99 ($52,502.19). Also, insider Graeme Yorston purchased 475 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The shares were acquired at an average cost of GBX 665 ($8.35) per share, with a total value of £3,158.75 ($3,967.78). 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.