Paragon Banking Group (LON:PAG) Insider Zoe Howorth Buys 1,869 Shares of Stock

Paragon Banking Group PLC (LON:PAG) insider Zoe Howorth bought 1,869 shares of the firm’s stock in a transaction on Friday, March 6th. The stock was purchased at an average cost of GBX 798 per share, with a total value of £14,914.62.

Paragon Banking Group Stock Down 1.1%

Shares of LON PAG opened at GBX 778 on Friday. Paragon Banking Group PLC has a one year low of GBX 650.50 and a one year high of GBX 981. The company has a debt-to-equity ratio of 120.17, a current ratio of 0.28 and a quick ratio of 1.48. The business’s fifty day moving average price is GBX 866.41 and its 200-day moving average price is GBX 855.72. The stock has a market capitalization of £1.46 billion, a PE ratio of 8.85, a P/E/G ratio of 0.50 and a beta of 1.17.

Paragon Banking Group (LON:PAG) last announced its quarterly earnings data on Friday, January 16th. The company reported GBX 91.20 earnings per share (EPS) for the quarter. Paragon Banking Group had a return on equity of 12.75% and a net margin of 21.40%. On average, equities research analysts anticipate that Paragon Banking Group PLC will post 104.0245566 EPS for the current year.

Paragon Banking Group declared that its board has authorized a stock repurchase program on Wednesday, December 3rd that allows the company to repurchase 0 shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research analysts recently commented on PAG shares. Shore Capital Group raised their price objective on shares of Paragon Banking Group from GBX 1,040 to GBX 1,055 and gave the stock a “buy” rating in a report on Tuesday, January 27th. UBS Group reissued a “buy” rating and set a GBX 1,020 target price on shares of Paragon Banking Group in a report on Friday, January 16th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a GBX 1,050 target price on shares of Paragon Banking Group in a research report on Wednesday, January 28th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Paragon Banking Group currently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,028.20.

About Paragon Banking Group

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.
Its operations are organised into two lending divisions and lending is funded largely by retail deposits.