Paragon Banking Group (LON:PAG) Stock Price Passes Above 200-Day Moving Average of $497.29

Paragon Banking Group PLC (LON:PAG – Get Rating) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 497.29 ($6.07) and traded as high as GBX 574.50 ($7.01). Paragon Banking Group shares last traded at GBX 567 ($6.92), with a volume of 437,958 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on PAG shares. Royal Bank of Canada upped their price target on shares of Paragon Banking Group from GBX 500 ($6.10) to GBX 575 ($7.02) and gave the stock a “sector perform” rating in a research report on Thursday, December 8th. Shore Capital reaffirmed a “buy” rating on shares of Paragon Banking Group in a research report on Tuesday, December 6th.

Paragon Banking Group Price Performance

The stock has a market cap of £1.33 billion and a price-to-earnings ratio of 450.00. The stock’s 50 day moving average price is GBX 524.17 and its two-hundred day moving average price is GBX 497.29. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 290.57.

Paragon Banking Group Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, March 3rd. Investors of record on Thursday, February 2nd will be given a dividend of GBX 19.20 ($0.23) per share. This represents a yield of 4.13%. The ex-dividend date of this dividend is Thursday, February 2nd. This is a positive change from Paragon Banking Group’s previous dividend of $9.40. Paragon Banking Group’s dividend payout ratio (DPR) is currently 22.46%.

Insider Buying and Selling at Paragon Banking Group

In other Paragon Banking Group news, insider Nigel S. Terrington purchased 3,336 shares of the firm’s stock in a transaction dated Thursday, December 22nd. The shares were purchased at an average cost of GBX 556 ($6.78) per share, with a total value of £18,548.16 ($22,633.51). In other news, insider Nigel S. Terrington bought 3,336 shares of Paragon Banking Group stock in a transaction on Thursday, December 22nd. The shares were bought at an average cost of GBX 556 ($6.78) per share, with a total value of £18,548.16 ($22,633.51). Also, insider Nigel S. Terrington purchased 44,084 shares of the company’s stock in a transaction on Wednesday, December 7th. The shares were bought at an average price of GBX 490 ($5.98) per share, with a total value of £216,011.60 ($263,589.51).

About Paragon Banking Group

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Paragon Banking Group PLC provides financial services in the United Kingdom. It operates through three segments: Mortgage Lending, Commercial Lending, and Idem Capital. The Mortgages Lending segment offers buy-to-let, owner-occupied first and second charge lending, and related activities. The Commercial Lending segment provides SME lending, development finance, structured lending, and motor finance services.