Paragon Banking Group (LON:PAG) Insider Graeme Yorston Buys 500 Shares

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

Paragon Banking Group Stock Performance

LON PAG traded up GBX 24.50 during trading hours on Tuesday, reaching GBX 789.50. The stock had a trading volume of 457,445 shares, compared to its average volume of 1,041,277. Paragon Banking Group PLC has a 52-week low of GBX 650.50 and a 52-week high of GBX 981. The stock has a fifty day moving average of GBX 864.63 and a 200 day moving average of GBX 853.94. 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 stock has a market cap of £1.48 billion, a P/E ratio of 8.98, a price-to-earnings-growth 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%. Sell-side analysts predict that Paragon Banking Group PLC will post 104.0245566 earnings per share for the current year.

Paragon Banking Group declared that its board has initiated a share repurchase plan on Wednesday, December 3rd that allows the company to buyback 0 shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

PAG has been the subject of a number of recent research reports. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 1,050 price objective on shares of Paragon Banking Group in a research note on Wednesday, January 28th. Shore Capital Group raised their target price on 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. Finally, UBS Group reiterated a “buy” rating and set a GBX 1,020 price target on shares of Paragon Banking Group in a research report on Friday, January 16th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.