Paragon Banking Group (LON:PAG) Stock Passes Below 200 Day Moving Average – Should You Sell?

Paragon Banking Group PLC (LON:PAG)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 752.72 ($9.47) and traded as low as GBX 720.50 ($9.07). Paragon Banking Group shares last traded at GBX 735.50 ($9.26), with a volume of 130,760 shares changing hands.

Wall Street Analyst Weigh In

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

Paragon Banking Group Price Performance

The stock has a market capitalization of £1.49 billion, a P/E ratio of 1,114.39, a PEG ratio of 0.50 and a beta of 1.52. The firm has a fifty day moving average price of GBX 737.82 and a two-hundred day moving average price of GBX 752.72. The company has a debt-to-equity ratio of 168.79, a quick ratio of 1.48 and a current ratio of 1.21.

Paragon Banking Group Increases Dividend

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

Insider Buying and Selling

In related news, insider Richard Woodman purchased 2,241 shares of the business’s stock in a transaction dated Friday, December 20th. The shares were acquired at an average cost of GBX 730 ($9.19) per share, for a total transaction of £16,359.30 ($20,585.50). Also, insider Nigel S. Terrington acquired 26,962 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were bought at an average price of GBX 790 ($9.94) per share, with a total value of £212,999.80 ($268,025.42). 3.59% of the stock is owned by 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.