Paragon Banking Group (LON:PAG) Earns “Outperform” Rating from Royal Bank of Canada

Royal Bank of Canada reiterated their outperform rating on shares of Paragon Banking Group (LON:PAG) in a research note issued to investors on Wednesday morning, Marketbeat.com reports. The brokerage currently has a GBX 875 ($11.26) price objective on the stock.

Paragon Banking Group Stock Performance

Shares of PAG stock opened at GBX 758.50 ($9.76) on Wednesday. Paragon Banking Group has a 52-week low of GBX 439.18 ($5.65) and a 52-week high of GBX 868 ($11.17). The stock’s 50-day moving average price is GBX 759.91 and its 200 day moving average price is GBX 710.69. The company has a quick ratio of 1.48, a current ratio of 1.30 and a debt-to-equity ratio of 222.26. The stock has a market capitalization of £1.61 billion, a PE ratio of 1,149.24, a price-to-earnings-growth ratio of 0.50 and a beta of 1.48.

Paragon Banking Group Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, July 26th. Investors of record on Thursday, July 4th were given a GBX 13.20 ($0.17) dividend. This represents a yield of 1.71%. This is a positive change from Paragon Banking Group’s previous dividend of $11.00. The ex-dividend date was Thursday, July 4th. Paragon Banking Group’s dividend payout ratio (DPR) is 5,606.06%.

Insider Buying and Selling at Paragon Banking Group

In other news, insider Nigel S. Terrington bought 3,352 shares of the stock in a transaction dated Friday, June 28th. The shares were acquired at an average price of GBX 750 ($9.65) per share, with a total value of £25,140 ($32,338.56). 3.52% of the stock is currently owned by corporate 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.