Paragon Banking Group (LON:PAG) Insider Richard Woodman Sells 67,669 Shares

Paragon Banking Group PLC (LON:PAG) insider Richard Woodman sold 67,669 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of GBX 777, for a total transaction of £525,788.13.

Paragon Banking Group Trading Up 3.2%

PAG stock opened at GBX 789.50 on Wednesday. Paragon Banking Group PLC has a 12-month low of GBX 650.50 and a 12-month high of GBX 981. The business’s 50-day moving average is GBX 863.13 and its 200 day 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. The stock has a market cap of £1.48 billion, a price-to-earnings ratio of 8.98, a PEG ratio of 0.50 and a beta of 1.17.

Paragon Banking Group (LON:PAG) last announced its earnings results on Friday, January 16th. The company reported GBX 91.20 EPS for the quarter. Paragon Banking Group had a return on equity of 12.75% and a net margin of 21.40%. On average, sell-side analysts anticipate 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 program on Wednesday, December 3rd that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 1,050 price objective on shares of Paragon Banking Group in a research report on Wednesday, January 28th. Shore Capital Group increased their target price on Paragon Banking Group from GBX 1,040 to GBX 1,055 and gave the company a “buy” rating in a report on Tuesday, January 27th. Finally, UBS Group reaffirmed a “buy” rating and issued a GBX 1,020 target price on shares of Paragon Banking Group in a research report on Friday, January 16th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average 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.