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

Paragon Banking Group PLC (LON:PAG - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 748.52 ($9.97) and traded as high as GBX 837 ($11.15). Paragon Banking Group shares last traded at GBX 824 ($10.98), with a volume of 368,943 shares trading hands.

Analyst Upgrades and Downgrades

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

Paragon Banking Group Price Performance

The firm has a market cap of £1.69 billion, a price-to-earnings ratio of 9.13, a price-to-earnings-growth ratio of 0.50 and a beta of 1.52. The stock's fifty day moving average price is GBX 757.06 and its 200-day moving average price is GBX 749.89.

Paragon Banking Group Increases Dividend

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

Insider Buying and Selling at Paragon Banking Group

In other Paragon Banking Group news, insider Peter Hill purchased 159 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was purchased at an average price of GBX 740 ($9.86) per share, with a total value of £1,176.60 ($1,567.75). Also, insider Richard Woodman bought 2,193 shares of Paragon Banking Group stock in a transaction dated Monday, March 31st. The stock was purchased at an average price of GBX 746 ($9.94) per share, for a total transaction of £16,359.78 ($21,798.51). Insiders acquired 2,810 shares of company stock worth $2,082,024 over the last ninety days. 3.59% of the stock is currently owned by insiders.

About Paragon Banking Group

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.