Hugo Tudor Sells 13,000 Shares of Paragon Banking Group PLC (LON:PAG) Stock

Paragon Banking Group PLC (LON:PAG) insider Hugo Tudor sold 13,000 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of GBX 754 ($9.63), for a total transaction of £98,020 ($125,153.22).

Paragon Banking Group Trading Up 0.1 %

Shares of LON PAG opened at GBX 765 ($9.77) on Wednesday. Paragon Banking Group PLC has a fifty-two week low of GBX 439.18 ($5.61) and a fifty-two week high of GBX 868 ($11.08). The company has a debt-to-equity ratio of 222.26, a quick ratio of 1.48 and a current ratio of 1.30. The company has a market cap of £1.62 billion, a price-to-earnings ratio of 1,159.09, a PEG ratio of 0.50 and a beta of 1.48. The business’s 50 day moving average price is GBX 758.40 and its 200-day moving average price is GBX 713.40.

Paragon Banking Group Increases Dividend

The business also recently announced a dividend, which was paid on Friday, July 26th. Stockholders of record on Thursday, July 4th were paid a dividend of GBX 13.20 ($0.17) per share. This is a positive change from Paragon Banking Group’s previous dividend of $11.00. This represents a dividend yield of 1.71%. The ex-dividend date was Thursday, July 4th. Paragon Banking Group’s payout ratio is currently 5,606.06%.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada reaffirmed an “outperform” rating and set a GBX 875 ($11.17) price target on shares of Paragon Banking Group in a research note on Wednesday, July 31st.

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.