Paragon Banking Group (LON:PAG) Shares Cross Above 200 Day Moving Average – What’s Next?

Shares of Paragon Banking Group PLC (LON:PAG) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 749.93 ($9.31) and traded as high as GBX 772.50 ($9.59). Paragon Banking Group shares last traded at GBX 766 ($9.51), with a volume of 328,091 shares.

Analysts Set New Price Targets

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

Paragon Banking Group Price Performance

The company has a market capitalization of £1.56 billion, a P/E ratio of 1,160.61, 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 current ratio of 1.21 and a quick ratio of 1.48. The firm’s 50-day moving average is GBX 746.41 and its 200-day moving average is GBX 749.93.

Paragon Banking Group (LON:PAG) last issued its quarterly earnings data on Tuesday, December 3rd. The company reported GBX 101.10 ($1.26) earnings per share (EPS) for the quarter. Paragon Banking Group had a net margin of 42.60% and a return on equity of 14.43%. Analysts predict that Paragon Banking Group PLC will post 104.0245566 EPS for the current fiscal year.

Paragon Banking Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, March 7th. Stockholders of record on Thursday, February 6th will be given a dividend of GBX 27.20 ($0.34) per share. This is a boost from Paragon Banking Group’s previous dividend of $13.20. This represents a dividend yield of 3.64%. The ex-dividend date of this dividend is Thursday, February 6th. Paragon Banking Group’s payout ratio is presently 6,060.61%.

Insider Activity at Paragon Banking Group

In other Paragon Banking Group news, insider Richard Woodman purchased 2,241 shares of the business’s stock in a transaction on Friday, December 20th. The stock was acquired at an average price of GBX 730 ($9.07) per share, for a total transaction of £16,359.30 ($20,317.06). 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 ($9.81) per share, for a total transaction of £212,999.80 ($264,530.30). 3.59% 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.