Paragon Banking Group PLC (LON:PAG) Insider Peter Hill Buys 159 Shares

Paragon Banking Group PLC (LON:PAG) insider Peter Hill purchased 159 shares of Paragon Banking Group stock in a transaction dated Monday, March 17th. The shares were acquired at an average cost of GBX 740 ($9.57) per share, for a total transaction of £1,176.60 ($1,520.94).

Paragon Banking Group Stock Performance

Shares of LON PAG traded up GBX 4 ($0.05) during mid-day trading on Monday, hitting GBX 742 ($9.59). The stock had a trading volume of 312,270 shares, compared to its average volume of 901,328. The company has a 50 day moving average of GBX 750.07 and a two-hundred day moving average of GBX 748.50. Paragon Banking Group PLC has a twelve month low of GBX 648.50 ($8.38) and a twelve month high of GBX 868 ($11.22). The firm has a market cap of £1.48 billion, a PE ratio of 8.01, a PEG ratio of 0.50 and a beta of 1.52.

Paragon Banking Group Increases Dividend

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

Wall Street Analyst Weigh In

Separately, Shore Capital reissued 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.