Paragon Banking Group (LON:PAG) Insider Graeme Yorston Buys 500 Shares

Paragon Banking Group PLC (LON:PAG) insider Graeme Yorston acquired 500 shares of the company’s stock in a transaction on Tuesday, March 10th. The stock was acquired at an average price of GBX 787 per share, with a total value of £3,935.

Paragon Banking Group Stock Performance

Shares of LON:PAG 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 company’s 50 day moving average price is GBX 863.13 and its two-hundred day moving average price is GBX 852.97. The firm has a market cap of £1.48 billion, a PE ratio of 8.98, a PEG ratio of 0.50 and a beta of 1.17. The company has a quick ratio of 1.48, a current ratio of 0.28 and a debt-to-equity ratio of 120.17.

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 earnings per share for the current year.

Paragon Banking Group declared that its board has approved a share buyback program on Wednesday, December 3rd that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

Several brokerages recently issued reports on PAG. Shore Capital Group lifted their price target on shares of 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. Royal Bank Of Canada reissued 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. Finally, UBS Group reissued a “buy” rating and issued a GBX 1,020 price objective on shares of Paragon Banking Group in a research report on Friday, January 16th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Paragon Banking Group has a consensus rating of “Moderate Buy” and a consensus 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.