Insider Buying: Paragon Banking Group PLC (LON:PAG) Insider Acquires 458 Shares of Stock

Paragon Banking Group PLC (LON:PAG) insider Graeme Yorston acquired 458 shares of the company’s stock in a transaction on Tuesday, March 11th. The stock was acquired at an average price of GBX 717 ($9.28) per share, with a total value of £3,283.86 ($4,251.50).

Paragon Banking Group Stock Up 2.1 %

Shares of LON:PAG traded up GBX 15 ($0.19) on Wednesday, hitting GBX 722 ($9.35). The company had a trading volume of 169,797 shares, compared to its average volume of 935,954. Paragon Banking Group PLC has a 1 year low of GBX 648.50 ($8.40) and a 1 year high of GBX 868 ($11.24). The firm’s 50-day simple moving average is GBX 751.31 and its two-hundred day simple moving average is GBX 749.45. The firm has a market capitalization of £1.44 billion, a price-to-earnings ratio of 7.79, a P/E/G ratio of 0.50 and a beta of 1.52.

Paragon Banking Group Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 7th. Shareholders of record on Thursday, February 6th were issued a GBX 27.20 ($0.35) dividend. The ex-dividend date was Thursday, February 6th. This is a positive change from Paragon Banking Group’s previous dividend of $13.20. This represents a yield of 3.64%. Paragon Banking Group’s dividend payout ratio (DPR) is 43.17%.

Wall Street Analysts Forecast Growth

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

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.