Paragon Banking Group PLC (LON:PAG – Get Free Report)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 747.47 ($9.66) and traded as high as GBX 771.50 ($9.97). Paragon Banking Group shares last traded at GBX 763.50 ($9.87), with a volume of 375,248 shares changing hands.
Analysts Set New Price Targets
Separately, Shore Capital reissued a “buy” rating on shares of Paragon Banking Group in a research note on Wednesday, December 4th.
Get Our Latest Stock Analysis on PAG
Paragon Banking Group Price Performance
Paragon Banking Group Increases Dividend
The business also recently disclosed a dividend, which was paid on Friday, March 7th. Investors 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 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 payout ratio is currently 43.17%.
Insiders Place Their Bets
In other Paragon Banking Group news, insider Peter Hill purchased 159 shares of the business’s stock in a transaction dated Monday, March 17th. The shares were bought at an average price of GBX 740 ($9.56) per share, with a total value of £1,176.60 ($1,520.35). Also, insider Richard Woodman sold 259,904 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of GBX 765 ($9.88), for a total value of £1,988,265.60 ($2,569,150.54). 3.59% of the stock is owned by corporate insiders.
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.
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