Paragon Banking Group (LON:PAG) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

Paragon Banking Group PLC (LON:PAG)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 749.93 ($9.31) and traded as high as GBX 772.50 ($9.59). Paragon Banking Group shares last traded at GBX 766 ($9.51), with a volume of 328,091 shares traded.

Wall Street Analysts Forecast Growth

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

Paragon Banking Group Trading Up 0.5 %

The stock has a 50-day moving average of GBX 746.41 and a two-hundred day moving average of GBX 749.93. The company has a market cap of £1.56 billion, a P/E ratio of 1,160.61, a price-to-earnings-growth ratio of 0.50 and a beta of 1.52. 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 (LON:PAG) last issued its quarterly earnings results on Tuesday, December 3rd. The company reported GBX 101.10 ($1.26) earnings per share for the quarter. Paragon Banking Group had a return on equity of 14.43% and a net margin of 42.60%. On average, equities research analysts predict that Paragon Banking Group PLC will post 104.0245566 earnings per share for the current year.

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. The ex-dividend date is Thursday, February 6th. This is a boost from Paragon Banking Group’s previous dividend of $13.20. This represents a yield of 3.64%. Paragon Banking Group’s payout ratio is 6,060.61%.

Insider Transactions at Paragon Banking Group

In related news, insider Nigel S. Terrington bought 26,962 shares of the stock in a transaction on Thursday, December 5th. The shares were acquired at an average price of GBX 790 ($9.81) per share, for a total transaction of £212,999.80 ($264,530.30). Also, insider Richard Woodman purchased 2,241 shares of the company’s stock in a transaction dated Friday, December 20th. The shares were bought at an average cost of GBX 730 ($9.07) per share, for a total transaction of £16,359.30 ($20,317.06). Insiders own 3.59% of the company’s stock.

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.