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

Paragon Banking Group PLC (LON:PAG - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 767.30 ($10.34) and traded as high as GBX 899.51 ($12.12). Paragon Banking Group shares last traded at GBX 899 ($12.11), with a volume of 248,583 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Canaccord Genuity Group increased their price objective on Paragon Banking Group from GBX 844 ($11.37) to GBX 958 ($12.91) and gave the company a "buy" rating in a report on Wednesday, May 21st. Shore Capital reissued a "buy" rating on shares of Paragon Banking Group in a report on Thursday, April 10th.

Paragon Banking Group Trading Down 0.7%

The business has a 50 day moving average of GBX 815.68 and a two-hundred day moving average of GBX 769.71. The firm has a market cap of £1.80 billion, a P/E ratio of 9.73, a PEG ratio of 0.50 and a beta of 1.52.

Paragon Banking Group Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, March 7th. Investors of record on Thursday, February 6th were paid a GBX 27.20 ($0.37) dividend. This represents a yield of 3.64%. The ex-dividend date of this dividend was Thursday, February 6th. This is a boost from Paragon Banking Group's previous dividend of $13.20. Paragon Banking Group's dividend payout ratio is 43.17%.

Insider Activity at Paragon Banking Group

In other Paragon Banking Group news, insider Richard Woodman sold 21,497 shares of the stock in a transaction on Friday, March 28th. The stock was sold at an average price of GBX 778 ($10.48), for a total transaction of £167,246.66 ($225,308.72). Also, insider Peter Hill acquired 159 shares of the stock in a transaction on Monday, March 17th. The shares were purchased at an average price of GBX 740 ($9.97) per share, for a total transaction of £1,176.60 ($1,585.07). In the last quarter, insiders have acquired 2,810 shares of company stock worth $2,082,024. Company insiders own 3.59% of the company's stock.

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.