Paragon Banking Group (LON:PAG) Shares Pass Below 200-Day Moving Average – Here’s What Happened

Paragon Banking Group PLC (LON:PAG)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 752.05 ($9.41) and traded as low as GBX 739 ($9.25). Paragon Banking Group shares last traded at GBX 752 ($9.41), with a volume of 1,278,583 shares.

Wall Street Analyst Weigh In

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

Paragon Banking Group Stock Down 0.5 %

The firm has a market capitalization of £1.52 billion, a PE ratio of 1,134.09, a P/E/G ratio of 0.50 and a beta of 1.52. The company has a debt-to-equity ratio of 168.79, a current ratio of 1.21 and a quick ratio of 1.48. The company has a 50-day moving average price of GBX 736.86 and a 200 day moving average price of GBX 752.05.

Paragon Banking Group Increases Dividend

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

Insider Buying and Selling at Paragon Banking Group

In related news, insider Richard Woodman acquired 2,241 shares of the company’s stock in a transaction on Friday, December 20th. The stock was acquired at an average price of GBX 730 ($9.13) per share, with a total value of £16,359.30 ($20,467.03). Also, insider Nigel S. Terrington acquired 26,962 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were purchased at an average price of GBX 790 ($9.88) per share, with a total value of £212,999.80 ($266,482.92). Insiders own 3.59% of the company’s stock.

Paragon Banking Group Company Profile

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.