Paragon Banking Group (LON:PAG) Issues Earnings Results

Paragon Banking Group (LON:PAG) issued its quarterly earnings results on Friday. The company reported GBX 91.20 EPS for the quarter, reports. Paragon Banking Group had a return on equity of 14.13% and a net margin of 25.14%.

Paragon Banking Group Stock Performance

Shares of PAG stock opened at GBX 902 on Friday. The firm has a fifty day moving average of GBX 844.31 and a 200-day moving average of GBX 871.57. The stock has a market cap of £1.71 billion, a price-to-earnings ratio of 10.26, a P/E/G ratio of 0.50 and a beta of 1.52. Paragon Banking Group has a 52-week low of GBX 650.50 and a 52-week high of GBX 981.

Insider Transactions at Paragon Banking Group

In other Paragon Banking Group news, insider Richard Woodman purchased 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 9th. The stock was purchased at an average price of GBX 808 per share, with a total value of £121,200. Also, insider Nigel S. Terrington acquired 30,280 shares of the firm’s stock in a transaction on Thursday, December 4th. The shares were bought at an average cost of GBX 785 per share, for a total transaction of £237,698. In the last three months, insiders purchased 63,716 shares of company stock worth $50,362,060. 1.99% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Royal Bank Of Canada boosted their target price on shares of Paragon Banking Group from GBX 975 to GBX 1,050 and gave the stock an “outperform” rating in a research report on Thursday, December 4th. Shore Capital upgraded shares of Paragon Banking Group to a “buy” rating and set a GBX 1,000 price target on the stock in a research report on Wednesday, December 3rd. Finally, UBS Group reaffirmed a “buy” rating and set a GBX 1,020 price objective on shares of Paragon Banking Group in a research report on Friday. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of GBX 1,017.20.

Paragon Banking Group declared that its Board of Directors has initiated a share repurchase plan on Wednesday, December 3rd that allows the company to repurchase 0 shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

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.
Its operations are organised into two lending divisions and lending is funded largely by retail deposits.