Insider Buying: Paragon Banking Group PLC (LON:PAG) Insider Purchases 159 Shares of Stock

Paragon Banking Group PLC (LON:PAG) insider Peter Hill purchased 159 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The stock was bought at an average cost of GBX 740 ($9.62) per share, for a total transaction of £1,176.60 ($1,529.64).

Paragon Banking Group Stock Up 1.5 %

Shares of PAG opened at GBX 753.50 ($9.80) on Wednesday. Paragon Banking Group PLC has a 52-week low of GBX 648.50 ($8.43) and a 52-week high of GBX 868 ($11.28). The firm’s fifty day moving average is GBX 749.99 and its two-hundred day moving average is GBX 748.06. The stock has a market cap of £1.51 billion, a PE ratio of 8.13, a price-to-earnings-growth ratio of 0.50 and a beta of 1.52.

Paragon Banking Group Increases Dividend

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

Analyst Upgrades and Downgrades

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

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.