Paragon Banking Group PLC (LON:PAG) Insider Acquires £16,359.30 in Stock

Paragon Banking Group PLC (LON:PAG) insider Richard Woodman bought 2,241 shares of the firm’s stock in a transaction on Friday, December 20th. The stock was acquired at an average cost of GBX 730 ($9.12) per share, with a total value of £16,359.30 ($20,446.57).

Paragon Banking Group Stock Performance

Shares of LON:PAG traded down GBX 1.50 ($0.02) during trading on Friday, hitting GBX 735.50 ($9.19). 661,698 shares of the stock were exchanged, compared to its average volume of 430,953. The company has a market capitalization of £1.49 billion, a price-to-earnings ratio of 1,114.39, 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 PLC has a 1-year low of GBX 623.50 ($7.79) and a 1-year high of GBX 868 ($10.85). The company’s fifty day simple moving average is GBX 740.26 and its 200-day simple moving average is GBX 753.35.

Paragon Banking Group Increases Dividend

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

Analysts Set New Price Targets

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

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.