Insider Selling: Paragon Banking Group PLC (LON:PAG) Insider Sells £1,988,265.60 in Stock

Paragon Banking Group PLC (LON:PAG) insider Richard Woodman sold 259,904 shares of the stock in a transaction on Thursday, January 30th. The stock was sold at an average price of GBX 765 ($9.40), for a total value of £1,988,265.60 ($2,442,886.84).

Richard Woodman also recently made the following trade(s):

• On Friday, December 20th, Richard Woodman bought 2,241 shares of Paragon Banking Group stock. The shares were bought at an average price of GBX 730 ($8.97) per share, for a total transaction of £16,359.30 ($20,099.89).

Paragon Banking Group Price Performance

Shares of LON:PAG opened at GBX 803.50 ($9.87) on Monday. The firm has a market capitalization of £1.63 billion, a price-to-earnings ratio of 1,217.42, a price-to-earnings-growth 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 business’s 50 day simple moving average is GBX 747.82 and its 200-day simple moving average is GBX 750.37. Paragon Banking Group PLC has a 12 month low of GBX 623.50 ($7.66) and a 12 month high of GBX 868 ($10.66).

Paragon Banking Group (LON:PAG) last posted its earnings results on Tuesday, December 3rd. The company reported GBX 101.10 ($1.24) EPS for the quarter. Paragon Banking Group had a return on equity of 14.43% and a net margin of 42.60%. As a group, equities analysts forecast that Paragon Banking Group PLC will post 104.0245566 earnings per share for the current fiscal year.

Paragon Banking Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, March 7th. Investors of record on Thursday, February 6th will be paid a GBX 27.20 ($0.33) dividend. This represents a yield of 3.64%. This is a boost from Paragon Banking Group’s previous dividend of $13.20. The ex-dividend date of this dividend is Thursday, February 6th. Paragon Banking Group’s dividend payout ratio is presently 6,060.61%.

Wall Street Analyst Weigh In

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

About Paragon Banking Group

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.