Paragon Banking Group (LON:PAG) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Paragon Banking Group PLC (LON:PAG) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 750.74 ($9.52) and traded as high as GBX 765.50 ($9.70). Paragon Banking Group shares last traded at GBX 753 ($9.54), with a volume of 2,923,622 shares traded.

Analyst Upgrades and Downgrades

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

Paragon Banking Group Trading Up 1.0 %

The company has a market capitalization of £1.52 billion, a P/E ratio of 8.21, a PEG ratio of 0.50 and a beta of 1.52. The business has a 50 day moving average price of GBX 751.40 and a 200 day moving average price of GBX 750.74.

Paragon Banking Group (LON:PAG) last posted its earnings results on Tuesday, December 3rd. The company reported GBX 101.10 ($1.28) earnings per share (EPS) for the quarter. Paragon Banking Group had a return on equity of 14.13% and a net margin of 25.14%. On average, analysts forecast that Paragon Banking Group PLC will post 104.0245566 EPS for the current fiscal year.

Paragon Banking Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, March 7th. Investors of record on Thursday, February 6th will be paid a dividend of GBX 27.20 ($0.34) per share. This represents a 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 presently 43.17%.

Insider Buying and Selling

In other news, insider Richard Woodman sold 259,904 shares of Paragon Banking Group stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of GBX 765 ($9.70), for a total value of £1,988,265.60 ($2,519,981.75). Also, insider Nigel S. Terrington acquired 26,962 shares of the stock in a transaction dated Thursday, December 5th. The stock was acquired at an average price of GBX 790 ($10.01) per share, for a total transaction of £212,999.80 ($269,961.72). 3.59% of the stock is owned by company insiders.

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.