Paragon Banking Group (LON:PAG) Insider Sells £799,346.52 in Stock

Key Points

• Insider sale: Nigel Terrington sold 102,876 Paragon (LON:PAG) shares on March 10 at an average of GBX 777, for a total of £799,346.52.
• Stock move and valuation: Shares rose 3.2% to GBX 789.50 on the day with volume 457,445 (below the 1,041,277 average); market cap is £1.48bn and the stock trades at a P/E of 8.98 with a 52-week range of GBX 650.50–981.
• Analyst sentiment: Four analysts rate the stock Buy and one Hold, with a consensus target of GBX 1,028.20 and recent price targets from RBC, UBS and Shore Capital in the ~GBX 1,020–1,055 range.

Paragon Banking Group PLC (LON:PAG - Get Free Report) insider Nigel Terrington sold 102,876 shares of the stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of GBX 777, for a total value of £799,346.52.

Paragon Banking Group Stock Up 3.2%

Shares of PAG stock traded up GBX 24.50 on Tuesday, hitting GBX 789.50. The stock had a trading volume of 457,445 shares, compared to its average volume of 1,041,277. The stock's 50 day moving average is GBX 864.63 and its 200-day moving average is GBX 853.94. The firm has a market capitalization of £1.48 billion, a price-to-earnings ratio of 8.98, a P/E/G ratio of 0.50 and a beta of 1.17. Paragon Banking Group PLC has a 52-week low of GBX 650.50 and a 52-week high of GBX 981. The company has a debt-to-equity ratio of 120.17, a quick ratio of 1.48 and a current ratio of 0.28.

Paragon Banking Group (LON:PAG - Get Free Report) last issued its quarterly earnings results on Friday, January 16th. The company reported GBX 91.20 EPS for the quarter. Paragon Banking Group had a return on equity of 12.75% and a net margin of 21.40%. As a group, research 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 stock buyback plan on Wednesday, December 3rd that allows the company to repurchase 0 shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company's board believes its stock is undervalued.

Analyst Ratings Changes

Several research firms recently commented on PAG. 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. UBS Group reissued a "buy" rating and set a GBX 1,020 price target on shares of Paragon Banking Group in a report on Friday, January 16th. Finally, Shore Capital Group upped their price objective on shares of Paragon Banking Group from GBX 1,040 to GBX 1,055 and gave the stock a "buy" rating in a report on Tuesday, January 27th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price 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.

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