Richard Woodman Sells 67,669 Shares of Paragon Banking Group (LON:PAG) Stock

Key Points

• Insider sale: Richard Woodman sold 67,669 shares of Paragon on March 10 at an average price of GBX 777, generating proceeds of £525,788.13.
• Shares traded up 3.2% to GBX 789.50 that day with 457,445 shares changing hands; Paragon has a market cap of £1.48bn and a PE ratio of 8.98.
• Brokerages show a consensus "Moderate Buy" rating with an average price target of GBX 1,028.20, and several firms have raised targets into the GBX 1,020–1,055 range.

Paragon Banking Group PLC (LON:PAG - Get Free Report) insider Richard Woodman sold 67,669 shares of the company's stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of GBX 777, for a total transaction of £525,788.13.

Paragon Banking Group Stock Up 3.2%

Shares of Paragon Banking Group stock traded up GBX 24.50 during trading hours on Tuesday, hitting GBX 789.50. 457,445 shares of the company's stock traded hands, compared to its average volume of 1,041,277. 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 PE ratio of 8.98, a PEG ratio of 0.50 and a beta of 1.17. 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 has a 50 day simple moving average of GBX 863.13 and a 200-day simple moving average of GBX 852.97.

Paragon Banking Group (LON:PAG - Get Free Report) 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 return on equity of 12.75% and a net margin of 21.40%. Equities research analysts anticipate that Paragon Banking Group PLC will post 104.0245566 earnings per share for the current fiscal year.

Paragon Banking Group announced that its board has authorized a stock buyback program on Wednesday, December 3rd that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company's board believes its shares are undervalued.

Analysts Set New Price Targets

Several brokerages have issued reports on PAG. Shore Capital Group upped their price objective on Paragon Banking Group from GBX 1,040 to GBX 1,055 and gave the company a "buy" rating in a research note on Tuesday, January 27th. UBS Group reiterated a "buy" rating and issued a GBX 1,020 price target on shares of Paragon Banking Group in a report on Friday, January 16th. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a GBX 1,050 price target on shares of Paragon Banking Group in a research report on Wednesday, January 28th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of GBX 1,028.20.

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. Its operations are organised into two lending divisions and lending is funded largely by retail deposits.

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