Paragon Banking Group (LON:PAG) Sets New 1-Year Low – Time to Sell?

Paragon Banking Group PLC (LON:PAG) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 681.50 and last traded at GBX 737.50, with a volume of 551323 shares. The stock had previously closed at GBX 766.50.

More Paragon Banking Group News

Here are the key news stories impacting Paragon Banking Group this week:

• Positive Sentiment: Paragon Banking doubled its share buyback program and raised guidance, signaling confidence in earnings and capital generation. Paragon Banking doubles buyback and ups guidance
• Positive Sentiment: Management also lifted its margin outlook, which can improve profit expectations, and the company reported solid half-year results with an interim dividend, reinforcing the investment case for income-focused shareholders. Paragon Banking Group Releases Half-Year Results and Announces Interim Dividend (PAG)
• Positive Sentiment: Broker coverage remained supportive, with Deutsche Bank and RBC reaffirming bullish ratings and high price targets, which may help sentiment around the stock. Digital Look broker ratings
• Neutral Sentiment: Paragon cancelled 8 million treasury shares and reset its voting base, a corporate action that changes share structure but does not clearly change the near-term earnings outlook. Paragon Banking Group Cuts Treasury Shares, Resets Voting Base
• Negative Sentiment: The company flagged softer consumer sentiment, which could weigh on loan demand or credit quality if the trend persists. Paragon Banking Group Releases Half-Year Results and Announces Interim Dividend (PAG)

Wall Street Analysts Forecast Growth

PAG has been the topic of a number of recent research reports. UBS Group reissued a “buy” rating and set a GBX 1,035 price objective on shares of Paragon Banking Group in a report on Friday, May 29th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 1,100 price objective on shares of Paragon Banking Group in a report on Wednesday. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 1,050 price objective on shares of Paragon Banking Group in a report on Wednesday. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 1,000 price objective on shares of Paragon Banking Group in a report on Tuesday. Six equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of GBX 1,040.17.

Paragon Banking Group Trading Up 0.5%

The firm has a fifty day simple moving average of GBX 752.90 and a two-hundred day simple moving average of GBX 812.03. The stock has a market cap of £1.37 billion, a PE ratio of 8.44, a PEG ratio of 0.50 and a beta of 1.18. 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 results on Tuesday, June 2nd. The company reported GBX 52.10 earnings per share for the quarter. Paragon Banking Group had a return on equity of 12.75% and a net margin of 21.40%.The firm had revenue of £259.20 million for the quarter. As a group, equities analysts expect that Paragon Banking Group PLC will post 104.0245566 earnings per share for the current fiscal year.

Insider Transactions at Paragon Banking Group

In other Paragon Banking Group news, insider Zoe Howorth purchased 1,869 shares of the stock in a transaction on Friday, March 6th. The shares were purchased at an average price of GBX 798 per share, with a total value of £14,914.62. Also, insider Nigel S. Terrington sold 102,876 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of GBX 777, for a total value of £799,346.52. Over the last quarter, insiders have bought 2,751 shares of company stock worth $2,184,450. 2.09% of the stock is owned by insiders.

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.