Paragon Banking Group (LON:PAG) Shares Pass Above 200 Day Moving Average – Time to Sell?

Shares of Paragon Banking Group PLC (LON:PAG) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 752.03 ($9.49) and traded as high as GBX 809 ($10.21). Paragon Banking Group shares last traded at GBX 789 ($9.95), with a volume of 264,185 shares traded.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reiterated a “buy” rating on shares of Paragon Banking Group in a research report on Wednesday, December 4th.

Paragon Banking Group Stock Performance

The stock has a 50-day simple moving average of GBX 752.56 and a 200 day simple moving average of GBX 752.03. The company has a market cap of £1.58 billion, a P/E ratio of 8.52, a P/E/G ratio of 0.50 and a beta of 1.52.

Paragon Banking Group (LON:PAG) last posted its earnings results on Tuesday, December 3rd. The company reported GBX 101.10 ($1.28) EPS for the quarter. Paragon Banking Group had a return on equity of 14.13% and a net margin of 25.14%. Sell-side analysts anticipate that Paragon Banking Group PLC will post 104.0245566 earnings per share for the current fiscal year.

Paragon Banking Group Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, March 7th. Investors of record on Thursday, February 6th will be given a dividend of GBX 27.20 ($0.34) per share. This represents a dividend yield of 3.64%. The ex-dividend date of this dividend is Thursday, February 6th. This is an increase from Paragon Banking Group’s previous dividend of $13.20. Paragon Banking Group’s dividend payout ratio (DPR) is 43.17%.

Insider Buying and Selling

In other Paragon Banking Group news, insider Nigel S. Terrington purchased 26,962 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was purchased at an average cost of GBX 790 ($9.97) per share, with a total value of £212,999.80 ($268,735.55). Also, insider Richard Woodman purchased 2,241 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The shares were acquired at an average cost of GBX 730 ($9.21) per share, with a total value of £16,359.30 ($20,640.05). 3.59% of the stock is owned by corporate insiders.

About Paragon Banking Group

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.