Paragon Banking Group (LON:PAG) Share Price Passes Above 200-Day Moving Average – What’s Next?

Paragon Banking Group PLC (LON:PAG) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 748.52 ($9.97) and traded as high as GBX 837 ($11.15). Paragon Banking Group shares last traded at GBX 824 ($10.97), with a volume of 368,943 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Shore Capital reiterated a “buy” rating on shares of Paragon Banking Group in a research note on Thursday, April 10th.

Paragon Banking Group Stock Performance

The business’s 50 day moving average price is GBX 752.61 and its 200-day moving average price is GBX 748.52. The firm has a market cap of £1.65 billion, a price-to-earnings ratio of 8.89, a price-to-earnings-growth ratio of 0.50 and a beta of 1.52.

Paragon Banking Group Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 7th. Shareholders of record on Thursday, February 6th were paid a dividend of GBX 27.20 ($0.36) per share. The ex-dividend date was Thursday, February 6th. This represents a yield of 3.64%. This is a boost from Paragon Banking Group’s previous dividend of $13.20. Paragon Banking Group’s dividend payout ratio is presently 43.17%.

Insider Transactions at Paragon Banking Group

In other Paragon Banking Group news, insider Richard Woodman sold 259,904 shares of Paragon Banking Group stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of GBX 765 ($10.19), for a total value of £1,988,265.60 ($2,647,490.81). Also, insider Graeme Yorston purchased 458 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were bought at an average price of GBX 717 ($9.55) per share, for a total transaction of £3,283.86 ($4,372.65). In the last quarter, insiders bought 2,810 shares of company stock worth $2,082,024. 3.59% of the stock is currently owned by corporate insiders.

Paragon Banking Group Company Profile

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.