Paragon Banking Group (LON:PAG) Stock Crosses Above Two Hundred Day Moving Average of $606.26

Paragon Banking Group PLC (LON:PAG)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 606.26 ($7.55) and traded as high as GBX 676.50 ($8.42). Paragon Banking Group shares last traded at GBX 669.50 ($8.33), with a volume of 388,481 shares trading hands.

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a “buy” rating on shares of Paragon Banking Group in a report on Friday, January 26th.

Paragon Banking Group Stock Performance

The company has a current ratio of 1.30, a quick ratio of 1.48 and a debt-to-equity ratio of 222.26. The stock has a market capitalization of £1.43 billion, a PE ratio of 1,014.39, a price-to-earnings-growth ratio of 0.50 and a beta of 1.50. The firm’s fifty day moving average price is GBX 666.71 and its two-hundred day moving average price is GBX 607.25.

Paragon Banking Group Increases Dividend

The company also recently announced a dividend, which was paid on Friday, March 8th. Stockholders of record on Thursday, February 1st were issued a dividend of GBX 19.20 ($0.24) per share. This represents a dividend yield of 4.13%. This is a positive change from Paragon Banking Group’s previous dividend of $9.40. The ex-dividend date of this dividend was Thursday, February 1st. Paragon Banking Group’s payout ratio is 5,606.06%.

Insider Buying and Selling

In related news, insider Graeme Yorston purchased 475 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The stock was bought at an average price of GBX 665 ($8.28) per share, with a total value of £3,158.75 ($3,932.22). In related news, insider Zoe Howorth purchased 6,541 shares of the business’s stock in a transaction that occurred on Monday, February 19th. The stock was bought at an average price of GBX 639 ($7.95) per share, with a total value of £41,796.99 ($52,031.61). Also, insider Graeme Yorston purchased 475 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The stock was bought at an average cost of GBX 665 ($8.28) per share, with a total value of £3,158.75 ($3,932.22). In the last quarter, insiders purchased 7,264 shares of company stock valued at $4,663,470. 3.51% of the stock is owned by corporate 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.