Paragon Banking Group PLC (LON:PAG) Insider Acquires £1,176.60 in Stock

Paragon Banking Group PLC (LON:PAG) insider Peter Hill purchased 159 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The shares were acquired at an average cost of GBX 740 ($9.61) per share, for a total transaction of £1,176.60 ($1,528.25).

Paragon Banking Group Stock Up 0.5 %

PAG opened at GBX 742 ($9.64) on Tuesday. The business has a fifty day moving average of GBX 749.87 and a 200 day moving average of GBX 748.25. The stock has a market cap of £1.48 billion, a P/E ratio of 8.01, a PEG ratio of 0.50 and a beta of 1.52. Paragon Banking Group PLC has a 52-week low of GBX 648.50 ($8.42) and a 52-week high of GBX 868 ($11.27).

Paragon Banking Group Increases Dividend

The business also recently declared 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 boost 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 presently 43.17%.

Analyst Ratings Changes

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

About Paragon Banking Group

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.