Paragon Banking Group (LON:PAG) Receives “Buy” Rating from Shore Capital

Shore Capital reaffirmed their buy rating on shares of Paragon Banking Group (LON:PAG) in a research report released on Thursday morning, MarketBeat reports.

Paragon Banking Group Price Performance

PAG stock opened at GBX 721 ($9.44) on Thursday. Paragon Banking Group has a 1 year low of GBX 650.50 ($8.51) and a 1 year high of GBX 868 ($11.36). The business has a 50 day simple moving average of GBX 749.82 and a 200-day simple moving average of GBX 745.86. The firm has a market capitalization of £1.44 billion, a PE ratio of 7.78, a price-to-earnings-growth 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. Stockholders of record on Thursday, February 6th were paid a dividend of GBX 27.20 ($0.36) per share. This is a positive change from Paragon Banking Group’s previous dividend of $13.20. The ex-dividend date of this dividend was Thursday, February 6th. This represents a dividend yield of 3.64%. Paragon Banking Group’s payout ratio is presently 43.17%.

Insiders Place Their Bets

In other Paragon Banking Group news, insider Peter Hill acquired 159 shares of the stock in a transaction on Monday, March 17th. The stock was purchased at an average price of GBX 740 ($9.69) per share, for a total transaction of £1,176.60 ($1,540.05). Also, insider Richard Woodman bought 2,193 shares of the business’s stock in a transaction on Monday, March 31st. The shares were acquired at an average price of GBX 746 ($9.76) per share, for a total transaction of £16,359.78 ($21,413.32). Over the last quarter, insiders purchased 2,810 shares of company stock valued at $2,082,024. 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.