Paragon Banking Group PLC (LON:PAG) Insider Nigel S. Terrington Buys 26,962 Shares

Paragon Banking Group PLC (LON:PAG) insider Nigel S. Terrington acquired 26,962 shares of the stock in a transaction on Thursday, December 5th. The shares were acquired at an average price of GBX 790 ($10.08) per share, for a total transaction of £212,999.80 ($271,787.42).

Paragon Banking Group Stock Performance

LON PAG opened at GBX 787.50 ($10.05) on Friday. The firm has a market cap of £1.60 billion, a price-to-earnings ratio of 1,193.18, a PEG ratio of 0.50 and a beta of 1.52. The company has a fifty day moving average price of GBX 739.50 and a 200-day moving average price of GBX 751.51. The company has a debt-to-equity ratio of 168.79, a current ratio of 1.21 and a quick ratio of 1.48. Paragon Banking Group PLC has a 1 year low of GBX 511.64 ($6.53) and a 1 year high of GBX 868 ($11.08).

Paragon Banking Group Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, March 7th. Investors of record on Thursday, February 6th will be given a dividend of GBX 27.20 ($0.35) per share. The ex-dividend date is Thursday, February 6th. This represents a yield of 3.64%. This is a positive change from Paragon Banking Group’s previous dividend of $13.20. Paragon Banking Group’s dividend payout ratio is presently 6,060.61%.

Wall Street Analyst Weigh In

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

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.