Paragon Banking Group (LON:PAG) Insider Purchases £14,914.62 in Stock

Paragon Banking Group PLC (LON:PAG) insider Zoe Howorth acquired 1,869 shares of the firm’s stock in a transaction on Friday, March 6th. The stock was purchased at an average cost of GBX 798 per share, for a total transaction of £14,914.62.

Paragon Banking Group Stock Performance

Shares of PAG traded down GBX 1 during midday trading on Friday, reaching GBX 785.50. 308,882 shares of the stock were exchanged, compared to its average volume of 992,876. The company has a quick ratio of 1.48, a current ratio of 0.28 and a debt-to-equity ratio of 120.17. The stock’s 50 day simple moving average is GBX 867.90 and its 200 day simple moving average is GBX 856.61. Paragon Banking Group PLC has a twelve month low of GBX 650.50 and a twelve month high of GBX 981. The company has a market cap of £1.48 billion, a P/E ratio of 8.94, a PEG ratio of 0.50 and a beta of 1.17.

Paragon Banking Group (LON:PAG) last issued its quarterly earnings data on Friday, January 16th. The company reported GBX 91.20 earnings per share for the quarter. Paragon Banking Group had a net margin of 21.40% and a return on equity of 12.75%. On average, sell-side analysts expect that Paragon Banking Group PLC will post 104.0245566 earnings per share for the current year.

Paragon Banking Group declared that its board has approved a share buyback program on Wednesday, December 3rd that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. UBS Group reissued a “buy” rating and set a GBX 1,020 target price on shares of Paragon Banking Group in a report on Friday, January 16th. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 1,050 target price on shares of Paragon Banking Group in a research report on Wednesday, January 28th. Finally, Shore Capital Group increased their price target on shares of Paragon Banking Group from GBX 1,040 to GBX 1,055 and gave the stock a “buy” rating in a research report on Tuesday, January 27th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Paragon Banking Group presently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,028.20.

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.