Shore Capital Reiterates Buy Rating for Paragon Banking Group (LON:PAG)

Shore Capital reaffirmed their buy rating on shares of Paragon Banking Group (LON:PAG) in a research note released on Wednesday morning, Marketbeat.com reports.

Paragon Banking Group Price Performance

LON:PAG opened at GBX 797 ($10.13) on Wednesday. The company has a 50-day moving average of GBX 738.77 and a 200-day moving average of GBX 751.13. The company has a market capitalization of £1.62 billion, a price-to-earnings ratio of 1,205.18, a PEG ratio of 0.50 and a beta of 1.52. Paragon Banking Group has a 52 week low of GBX 511.64 ($6.50) and a 52 week high of GBX 868 ($11.03). 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 Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, March 7th. Stockholders of record on Wednesday, February 5th will be issued a dividend of GBX 27.20 ($0.35) per share. This represents a dividend yield of 3.64%. This is an increase from Paragon Banking Group’s previous dividend of $13.20. The ex-dividend date of this dividend is Wednesday, February 5th. Paragon Banking Group’s dividend payout ratio (DPR) is presently 6,060.61%.

Insider Transactions at Paragon Banking Group

In other news, insider Nigel S. Terrington purchased 3,248 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The stock was purchased at an average cost of GBX 774 ($9.83) per share, with a total value of £25,139.52 ($31,943.48). 3.59% of the stock is owned by 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.