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

Paragon Banking Group PLC (LON:PAG) insider Peter Hill bought 159 shares of the stock in a transaction dated Monday, March 17th. The stock was bought at an average price of GBX 740 ($9.63) per share, with a total value of £1,176.60 ($1,530.64).

Paragon Banking Group Trading Up 1.1 %

Shares of PAG stock opened at GBX 762 ($9.91) on Thursday. The company has a market capitalization of £1.52 billion, a price-to-earnings ratio of 8.22, a PEG ratio of 0.50 and a beta of 1.52. Paragon Banking Group PLC has a twelve month low of GBX 648.50 ($8.44) and a twelve month high of GBX 868 ($11.29). The firm has a 50-day moving average price of GBX 751.23 and a 200 day moving average price of GBX 747.88.

Paragon Banking Group Increases Dividend

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

Wall Street Analysts Forecast Growth

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

About Paragon Banking Group

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.