Paragon Banking Group (LON:PAG) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Paragon Banking Group PLC (LON:PAG)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 749.93 ($9.29) and traded as high as GBX 772.50 ($9.57). Paragon Banking Group shares last traded at GBX 766 ($9.49), with a volume of 328,091 shares traded.

Wall Street Analysts Forecast Growth

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

Paragon Banking Group Stock Up 4.9 %

The company has a current ratio of 1.21, a quick ratio of 1.48 and a debt-to-equity ratio of 168.79. The company has a market capitalization of £1.63 billion, a P/E ratio of 1,217.42, a PEG ratio of 0.50 and a beta of 1.52. The firm’s 50 day moving average price is GBX 747.82 and its two-hundred day moving average price is GBX 750.29.

Paragon Banking Group (LON:PAG) last released its 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%. Equities research analysts forecast that Paragon Banking Group PLC will post 104.0245566 EPS for the current year.

Paragon Banking Group Increases Dividend

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

Insider Buying and Selling

In related news, insider Richard Woodman bought 2,241 shares of Paragon Banking Group stock in a transaction that occurred on Friday, December 20th. The stock was acquired at an average price of GBX 730 ($9.05) per share, with a total value of £16,359.30 ($20,274.26). Also, insider Nigel S. Terrington bought 26,962 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was purchased at an average cost of GBX 790 ($9.79) per share, for a total transaction of £212,999.80 ($263,972.98). 3.59% of the stock is owned by corporate insiders.

Paragon Banking Group Company Profile

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.