Paragon Banking Group (LON:PAG) Insider Purchases £2,994.88 in Stock

Paragon Banking Group PLC (LON:PAG) insider Peter Hill bought 382 shares of Paragon Banking Group stock in a transaction dated Wednesday, March 11th. The shares were acquired at an average price of GBX 784 per share, with a total value of £2,994.88.

Paragon Banking Group Stock Down 0.1%

PAG stock opened at GBX 767.50 on Friday. Paragon Banking Group PLC has a 1-year low of GBX 650.50 and a 1-year high of GBX 981. The business’s 50 day simple moving average is GBX 858.20 and its 200 day simple moving average is GBX 850.82. The company has a current ratio of 0.28, a quick ratio of 1.48 and a debt-to-equity ratio of 120.17. The firm has a market capitalization of £1.44 billion, a PE ratio of 8.73, a PEG ratio of 0.50 and a beta of 1.17.

Paragon Banking Group (LON:PAG) last released its quarterly earnings data on Friday, January 16th. The company reported GBX 91.20 EPS for the quarter. Paragon Banking Group had a net margin of 21.40% and a return on equity of 12.75%. As a group, research analysts anticipate that Paragon Banking Group PLC will post 104.0245566 EPS for the current year.

Paragon Banking Group declared that its board has authorized a stock buyback plan on Wednesday, December 3rd that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

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