Paragon Banking Group PLC (LON:PAG) Insider Buys £1,176.60 in Stock

Paragon Banking Group PLC (LON:PAG) insider Peter Hill acquired 159 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was purchased at an average price of GBX 740 ($9.63) per share, for a total transaction of £1,176.60 ($1,530.64).

Paragon Banking Group Stock Performance

PAG opened at GBX 762 ($9.91) on Thursday. Paragon Banking Group PLC has a one year low of GBX 648.50 ($8.44) and a one year high of GBX 868 ($11.29). The business’s 50 day moving average price is GBX 751.23 and its 200 day moving average price is GBX 747.88. The stock has a market capitalization of £1.52 billion, a PE ratio of 8.22, a P/E/G ratio of 0.50 and a beta of 1.52.

Paragon Banking Group Increases Dividend

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

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a “buy” rating on shares of Paragon Banking Group in a research note 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.