Paragon Banking Group (LON:PAG) Shares Pass Above 200 Day Moving Average – Here’s Why

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 767.30 ($10.41) and traded as high as GBX 899.51 ($12.20). Paragon Banking Group shares last traded at GBX 899 ($12.20), with a volume of 248,583 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on PAG shares. Canaccord Genuity Group raised their price objective on Paragon Banking Group from GBX 844 ($11.45) to GBX 958 ($13.00) and gave the company a “buy” rating in a research note on Wednesday, May 21st. Shore Capital reissued a “buy” rating on shares of Paragon Banking Group in a research note on Thursday, April 10th.

Paragon Banking Group Stock Performance

The company has a 50-day simple moving average of GBX 809.80 and a 200 day simple moving average of GBX 767.30. The company has a market capitalization of £1.80 billion, a P/E ratio of 9.70, a P/E/G ratio of 0.50 and a beta of 1.52.

Paragon Banking Group Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 7th. Stockholders of record on Thursday, February 6th were given a dividend of GBX 27.20 ($0.37) per share. The ex-dividend date was Thursday, February 6th. This is a boost from Paragon Banking Group’s previous dividend of $13.20. This represents a dividend yield of 3.64%. Paragon Banking Group’s payout ratio is currently 43.17%.

Insider Activity

In other Paragon Banking Group news, insider Richard Woodman sold 21,497 shares of the business’s stock in a transaction on Friday, March 28th. The stock was sold at an average price of GBX 778 ($10.56), for a total value of £167,246.66 ($226,928.98). Also, insider Peter Hill acquired 159 shares of Paragon Banking Group stock in a transaction on Monday, March 17th. The stock was acquired at an average cost of GBX 740 ($10.04) per share, for a total transaction of £1,176.60 ($1,596.47). Over the last ninety days, insiders have bought 2,810 shares of company stock worth $2,082,024. Company insiders own 3.59% of the company’s stock.

Paragon Banking Group Company Profile

Paragon is a specialist banking group. It offers a range of savings accounts and provide finance for landlords and small
and medium-sized businesses (‘SMEs’) and residential property developers in the UK. Founded in 1985 and listed on the
London Stock Exchange, it is a FTSE-250 company. Headquartered in Solihull, it employs more than 1,400 people.