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

Paragon Banking Group PLC (LON:PAG)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 747.47 ($9.62) and traded as high as GBX 771.50 ($9.93). Paragon Banking Group shares last traded at GBX 763.50 ($9.83), with a volume of 375,248 shares changing hands.

Wall Street Analysts Forecast Growth

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

Paragon Banking Group Price Performance

The stock has a market cap of £1.56 billion, a price-to-earnings ratio of 8.40, a P/E/G ratio of 0.50 and a beta of 1.52. The company’s fifty day moving average price is GBX 757.76 and its 200-day moving average price is GBX 747.53.

Paragon Banking Group Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 7th. Stockholders of record on Thursday, February 6th were issued a GBX 27.20 ($0.35) dividend. The ex-dividend date of this dividend was Thursday, February 6th. This is a positive change from Paragon Banking Group’s previous dividend of $13.20. This represents a dividend yield of 3.64%. Paragon Banking Group’s dividend payout ratio is currently 43.17%.

Insider Buying and Selling

In related news, insider Richard Woodman sold 259,904 shares of the business’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of GBX 765 ($9.85), for a total value of £1,988,265.60 ($2,559,888.76). Also, insider Peter Hill purchased 159 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The shares were purchased at an average price of GBX 740 ($9.53) per share, for a total transaction of £1,176.60 ($1,514.87). 3.59% of the stock is owned by corporate insiders.

Paragon Banking Group Company Profile

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.