Paragon Banking Group (LON:PAG) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Paragon Banking Group PLC (LON:PAG)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 751.25 ($9.32) and traded as high as GBX 786 ($9.75). Paragon Banking Group shares last traded at GBX 773 ($9.59), with a volume of 454,438 shares traded.

Wall Street Analyst Weigh In

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

Paragon Banking Group Price Performance

The company has a market cap of £1.57 billion, a price-to-earnings ratio of 1,171.21, a PEG ratio of 0.50 and a beta of 1.52. The company has a 50-day simple moving average of GBX 751.98 and a 200-day simple moving average of GBX 751.25. 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 (LON:PAG) last announced its quarterly earnings data on Tuesday, December 3rd. The company reported GBX 101.10 ($1.25) earnings per share for the quarter. Paragon Banking Group had a return on equity of 14.43% and a net margin of 42.60%. As a group, research analysts predict that Paragon Banking Group PLC will post 104.0245566 earnings per share for the current year.

Paragon Banking Group Increases Dividend

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

Insiders Place Their Bets

In other news, insider Richard Woodman bought 2,241 shares of the stock in a transaction on Friday, December 20th. The shares were bought at an average price of GBX 730 ($9.06) per share, with a total value of £16,359.30 ($20,294.38). Also, insider Nigel S. Terrington purchased 26,962 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were purchased at an average cost of GBX 790 ($9.80) per share, with a total value of £212,999.80 ($264,234.96). 3.59% of the stock is currently owned by company 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.