Paragon Banking Group (LON:PAG) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

Paragon Banking Group PLC (LON:PAG)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 751.25 ($9.32) and traded as high as GBX 786 ($9.75). Paragon Banking Group shares last traded at GBX 773 ($9.59), with a volume of 454,438 shares.

Analyst Ratings Changes

Separately, Shore Capital reiterated a “buy” rating on shares of Paragon Banking Group in a report on Wednesday, December 4th.

Paragon Banking Group Stock Up 0.7 %

The firm’s 50-day moving average price is GBX 751.98 and its two-hundred day moving average price is GBX 751.25. The company has a debt-to-equity ratio of 168.79, a quick ratio of 1.48 and a current ratio of 1.21. The firm has a market cap of £1.57 billion, a PE ratio of 1,171.21, a P/E/G ratio of 0.50 and a beta of 1.52.

Paragon Banking Group (LON:PAG) last announced its quarterly earnings results on Tuesday, December 3rd. The company reported GBX 101.10 ($1.25) earnings per share for the quarter. Paragon Banking Group had a net margin of 42.60% and a return on equity of 14.43%. As a group, equities research analysts expect that Paragon Banking Group PLC will post 104.0245566 EPS for the current fiscal year.

Paragon Banking Group Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, March 7th. Investors of record on Thursday, February 6th will be paid a dividend of GBX 27.20 ($0.34) per share. This represents a yield of 3.64%. The ex-dividend date of this dividend is Thursday, February 6th. This is an increase from Paragon Banking Group’s previous dividend of $13.20. Paragon Banking Group’s dividend payout ratio (DPR) is currently 6,060.61%.

Insiders Place Their Bets

In related news, insider Nigel S. Terrington purchased 26,962 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were purchased at an average price of GBX 790 ($9.80) per share, with a total value of £212,999.80 ($264,234.96). Also, insider Richard Woodman sold 259,904 shares of the business’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of GBX 765 ($9.49), for a total value of £1,988,265.60 ($2,466,524.75). 3.59% of the stock is currently owned by corporate insiders.

About Paragon Banking Group

Paragon Banking Group PLC provides financial products and services in the United Kingdom. It operates in two segments, Mortgage Lending and Commercial Lending. The Mortgage Lending segment offers buy-to-let mortgages, as well as includes owner-occupied first and second charge mortgages. The Commercial Lending segment comprises SME lending, such as hire purchase, and finance and operating leases; and provides development finance, motor finance, structured lending, and other products.