Paragon Banking Group (LON:PAG) Insider Sells £799,346.52 in Stock

Paragon Banking Group PLC (LON:PAG) insider Nigel Terrington sold 102,876 shares of the firm’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of GBX 777, for a total transaction of £799,346.52.

Paragon Banking Group Stock Down 1.5%

Shares of LON PAG opened at GBX 771.50 on Friday. The stock has a market cap of £1.44 billion, a PE ratio of 8.78, a PEG ratio of 0.50 and a beta of 1.17. The company has a debt-to-equity ratio of 120.17, a quick ratio of 1.48 and a current ratio of 0.28. The business has a fifty day moving average of GBX 860.04 and a two-hundred day moving average of GBX 851.92. Paragon Banking Group PLC has a 52-week low of GBX 650.50 and a 52-week high of GBX 981.

Paragon Banking Group (LON:PAG) last posted 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 net margin of 21.40% and a return on equity of 12.75%. As a group, equities research analysts expect that Paragon Banking Group PLC will post 104.0245566 earnings per share for the current fiscal year.

Paragon Banking Group declared that its Board of Directors has initiated a share buyback program on Wednesday, December 3rd that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PAG. UBS Group restated a “buy” rating and issued a GBX 1,020 price objective on shares of Paragon Banking Group in a research note on Friday, January 16th. Shore Capital Group increased their target price on Paragon Banking Group from GBX 1,040 to GBX 1,055 and gave the stock a “buy” rating in a research report on Tuesday, January 27th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a GBX 1,050 price objective on shares of Paragon Banking Group in a research report on Wednesday, January 28th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Paragon Banking Group presently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,028.20.

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