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

Paragon Banking Group PLC (LON:PAG) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 752.72 ($9.47) and traded as low as GBX 720.50 ($9.07). Paragon Banking Group shares last traded at GBX 735.50 ($9.26), with a volume of 130,760 shares.

Wall Street Analysts Forecast Growth

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

Paragon Banking Group Stock Down 1.0 %

The stock has a market cap of £1.49 billion, a price-to-earnings ratio of 1,114.39, a PEG ratio of 0.50 and a beta of 1.52. The stock has a 50 day simple moving average of GBX 737.60 and a 200 day simple moving average of GBX 752.42. The company has a quick ratio of 1.48, a current ratio of 1.21 and a debt-to-equity ratio of 168.79.

Paragon Banking Group Increases Dividend

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

Insiders Place Their Bets

In other Paragon Banking Group news, insider Richard Woodman purchased 2,241 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The shares were acquired at an average cost of GBX 730 ($9.19) per share, for a total transaction of £16,359.30 ($20,585.50). Also, insider Nigel S. Terrington acquired 26,962 shares of Paragon Banking Group stock in a transaction on Thursday, December 5th. The stock was acquired at an average price of GBX 790 ($9.94) per share, with a total value of £212,999.80 ($268,025.42). Insiders own 3.59% of the company’s stock.

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.