Paragon Banking Group (LON:PAG) Stock Price Crosses 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 Monday . The stock has a 200-day moving average of GBX 747.47 ($9.62) and traded as high as GBX 771.50 ($9.93). Paragon Banking Group shares last traded at GBX 763.50 ($9.83), with a volume of 375,248 shares traded.

Wall Street Analysts Forecast Growth

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

Paragon Banking Group Price Performance

The firm’s 50 day moving average is GBX 757.76 and its 200 day moving average is GBX 747.53. The company has a market capitalization of £1.56 billion, a PE ratio of 8.40, a P/E/G ratio of 0.50 and a beta of 1.52.

Paragon Banking Group Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, March 7th. Investors of record on Thursday, February 6th were given a dividend of GBX 27.20 ($0.35) per share. This is a boost from Paragon Banking Group’s previous dividend of $13.20. This represents a yield of 3.64%. The ex-dividend date of this dividend was Thursday, February 6th. Paragon Banking Group’s dividend payout ratio (DPR) is 43.17%.

Insiders Place Their Bets

In other news, insider Graeme Yorston purchased 458 shares of the stock in a transaction on Tuesday, March 11th. The shares were acquired at an average price of GBX 717 ($9.23) per share, with a total value of £3,283.86 ($4,227.96). Also, insider Peter Hill purchased 159 shares of the business’s stock in a transaction on Monday, March 17th. The stock was acquired at an average price of GBX 740 ($9.53) per share, with a total value of £1,176.60 ($1,514.87). Corporate insiders own 3.59% of the company’s stock.

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.