Paragon Banking Group (LON:PAG) Stock Passes Above Two Hundred Day Moving Average - Here's What Happened

Shares of Paragon Banking Group PLC (LON:PAG - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 746.67 ($9.89) and traded as high as GBX 802 ($10.63). Paragon Banking Group shares last traded at GBX 798.50 ($10.58), with a volume of 233,962 shares trading hands.

Analyst Ratings Changes

Separately, Shore Capital reaffirmed a "buy" rating on shares of Paragon Banking Group in a research report on Thursday, April 10th.

Paragon Banking Group Stock Performance

The stock has a market capitalization of £1.64 billion, a PE ratio of 8.87, a price-to-earnings-growth ratio of 0.50 and a beta of 1.52. The business's 50-day moving average is GBX 750.45 and its two-hundred day moving average is GBX 747.23.

Paragon Banking Group Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 7th. Investors of record on Thursday, February 6th were paid a GBX 27.20 ($0.36) dividend. This is a boost from Paragon Banking Group's previous dividend of $13.20. The ex-dividend date of this dividend was Thursday, February 6th. This represents a dividend yield of 3.64%. Paragon Banking Group's dividend payout ratio (DPR) is 43.17%.

Insiders Place Their Bets

In other Paragon Banking Group news, insider Richard Woodman acquired 2,193 shares of the stock in a transaction dated Monday, March 31st. The stock was acquired at an average price of GBX 746 ($9.88) per share, with a total value of £16,359.78 ($21,677.20). Also, insider Peter Hill purchased 159 shares of the company's stock in a transaction that occurred on Monday, March 17th. The shares were bought at an average cost of GBX 740 ($9.81) per share, with a total value of £1,176.60 ($1,559.03). Over the last ninety days, insiders have bought 2,810 shares of company stock worth $2,082,024. 3.59% of the stock is owned by corporate insiders.

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.