Paragon Banking Group (LON:PAG) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Paragon Banking Group PLC (LON:PAGGet Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 747.47 ($9.66) and traded as high as GBX 771.50 ($9.97). Paragon Banking Group shares last traded at GBX 763.50 ($9.87), with a volume of 375,248 shares trading hands.

Analysts Set New Price Targets

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

Get Our Latest Report on PAG

Paragon Banking Group Price Performance

The firm has a market capitalization of £1.53 billion, a P/E ratio of 8.24, a PEG ratio of 0.50 and a beta of 1.52. The firm’s fifty day moving average price is GBX 755.23 and its 200-day moving average price is GBX 747.47.

Paragon Banking Group Increases Dividend

The company also recently declared 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 is a positive change from Paragon Banking Group’s previous dividend of $13.20. This represents a yield of 3.64%. The ex-dividend date was Thursday, February 6th. Paragon Banking Group’s dividend payout ratio (DPR) is presently 43.17%.

Insider Transactions at Paragon Banking Group

In other Paragon Banking Group news, insider Peter Hill bought 159 shares of Paragon Banking Group stock in a transaction that occurred on Monday, March 17th. The stock was purchased at an average cost of GBX 740 ($9.56) per share, for a total transaction of £1,176.60 ($1,520.35). Also, insider Richard Woodman sold 259,904 shares of Paragon Banking Group stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of GBX 765 ($9.88), for a total transaction of £1,988,265.60 ($2,569,150.54). Company insiders own 3.59% of the company’s stock.

Paragon Banking Group Company Profile

(Get Free Report)

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.

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