Paragon Banking Group (LON:PAG) Insider Purchases £3,935 in Stock

Paragon Banking Group PLC (LON:PAG) insider Graeme Yorston acquired 500 shares of Paragon Banking Group stock in a transaction dated Tuesday, March 10th. The shares were bought at an average cost of GBX 787 per share, with a total value of £3,935.

Paragon Banking Group Trading Down 1.5%

PAG opened at GBX 771.50 on Friday. The company has a fifty day moving average price of GBX 860.04 and a two-hundred day moving average price of GBX 851.92. Paragon Banking Group PLC has a 1-year low of GBX 650.50 and a 1-year high of GBX 981. The company has a market cap of £1.44 billion, a P/E ratio of 8.78, a price-to-earnings-growth ratio of 0.50 and a beta of 1.17. The company has a current ratio of 0.28, a quick ratio of 1.48 and a debt-to-equity ratio of 120.17.

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

Paragon Banking Group announced that its Board of Directors has approved a share buyback plan on Wednesday, December 3rd that permits the company to repurchase 0 shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

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