Paragon Banking Group PLC (LON:PAG) Insider buys £18,545.44 in stock

Insider Nigel S. Terrington of Paragon Banking Group PLC (LON:PAG – Get Rating) bought 3,739 shares in a trade on Wednesday, June 29. The stock was bought at an average price of 496 GBX ($6.09) per share, for a total transaction of £18,545.44 ($22,752.35).

Shares of PAG rose 1.40 GBX ($0.02) during trading hours on Wednesday, hitting 496.80 GBX ($6.09). 483,186 shares of the company were traded, against an average volume of 492,579. The stock’s 50-day moving average is 487.11 GBX and its 200-day moving average is 518 GBX. The company has a debt ratio of 351.83, a current ratio of 1.55 and a quick ratio of 1.55. The stock has a market capitalization of £1.21 billion and a price-earnings ratio of 6.39. Paragon Banking Group PLC has a 52-week low of 408.80 GBX ($5.02) and a 52-week high of 619 GBX ($7.59).

The company also recently declared a dividend, which will be paid on Friday, July 29. Shareholders of record on Thursday, July 7 will receive a dividend of GBX 9.40 ($0.12) per share. This represents a dividend yield of 2%. The ex-date of this dividend is Thursday, July 7. Paragon Banking Group’s dividend payout ratio (DPR) is currently 0.28%.

Several brokerages have recently commented on PAG. Royal Bank of Canada restated an “industry performance” rating and set a target price of GBX 560 ($6.87) on shares of Paragon Banking Group in a Thursday, March 24 report. Shore Capital reiterated a “hold” rating on Paragon Banking Group shares in a Tuesday, June 14 report. Finally, Liberum Capital raised its price target on Paragon Banking Group from GBX 630 ($7.73) to GBX 650 ($7.97) and gave the stock a “buy” rating in a Friday 1st report. april.

Paragon Banking Group Company Profile (Get a rating)

Paragon Banking Group PLC provides financial services in the UK. It operates through three segments: Mortgages, Commercial Loans and Idem Capital. The Mortgage Lending segment offers buy-to-let loans, first and second charge loans for homeowners and related businesses. The Commercial Lending segment provides SME lending, development finance, structured lending and automobile finance services.

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