Paragon Banking Group (LON:PAG) Insider Nigel Terrington Sells 102,876 Shares of Stock

Paragon Banking Group PLC (LON:PAG) insider Nigel Terrington sold 102,876 shares of the stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of GBX 777, for a total transaction of £799,346.52.

Paragon Banking Group Trading Up 3.2%

LON PAG opened at GBX 789.50 on Wednesday. The stock has a market cap of £1.48 billion, a P/E ratio of 8.98, a PEG ratio of 0.50 and a beta of 1.17. The company’s fifty day simple moving average is GBX 863.13 and its 200-day simple moving average is GBX 852.97. The company has a current ratio of 0.28, a quick ratio of 1.48 and a debt-to-equity ratio of 120.17. Paragon Banking Group PLC has a 52 week low of GBX 650.50 and a 52 week high of GBX 981.

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

Paragon Banking Group declared that its board has authorized a share repurchase plan on Wednesday, December 3rd that permits the company to repurchase 0 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

PAG has been the topic of several recent analyst reports. UBS Group reiterated a “buy” rating and issued a GBX 1,020 price target on shares of Paragon Banking Group in a research note on Friday, January 16th. Royal Bank Of Canada restated an “outperform” rating and set a GBX 1,050 price objective on shares of Paragon Banking Group in a research note on Wednesday, January 28th. Finally, Shore Capital Group upped their target price on Paragon Banking Group from GBX 1,040 to GBX 1,055 and gave the company a “buy” rating in a research report on Tuesday, January 27th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Paragon Banking Group presently has an average rating of “Moderate Buy” and an average target price of GBX 1,028.20.

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