Paragon Banking Group PLC (LON:PAG) shares rose 8.2% during trading on Wednesday following a stronger than expected earnings report. The stock traded as high as GBX 447 ($5.84) and last traded at GBX 445.20 ($5.82). Approximately 795,554 shares traded hands during mid-day trading, an increase of 9% from the average daily volume of 729,645 shares. The stock had previously closed at GBX 411.40 ($5.38).

The company reported GBX 48.20 ($0.63) earnings per share for the quarter, beating the consensus estimate of GBX 46 ($0.60) by GBX 2.20 ($0.03).

The company also recently disclosed a dividend, which will be paid on Monday, February 18th. Investors of record on Thursday, January 10th will be paid a GBX 13.90 ($0.18) dividend. This is an increase from Paragon Banking Group’s previous dividend of $5.50. This represents a yield of 3.12%. The ex-dividend date of this dividend is Thursday, January 10th.

A number of brokerages have commented on PAG. Peel Hunt reiterated a “buy” rating on shares of Paragon Banking Group in a report on Wednesday. Shore Capital reiterated a “buy” rating on shares of Paragon Banking Group in a report on Wednesday. Royal Bank of Canada cut Paragon Banking Group to a “sector performer” rating and increased their target price for the company from GBX 370 ($4.83) to GBX 500 ($6.53) in a report on Friday, September 21st. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 641 ($8.38) target price on shares of Paragon Banking Group in a report on Tuesday, September 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of GBX 534.60 ($6.99).

TRADEMARK VIOLATION NOTICE: “Paragon Banking Group (PAG) Stock Price Up 8.2% on Earnings Beat” was published by Daily Political and is the property of of Daily Political. If you are accessing this piece on another website, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The original version of this piece can be viewed at

Paragon Banking Group Company Profile (LON:PAG)

Paragon Banking Group PLC provides financial services in the United Kingdom. The company operates through three segments: Mortgages, Commercial Lending, and Idem Capital. The Mortgages segment offers buy-to-let first charge, and owner-occupied first and second charge mortgages on residential property.

See Also: Hedge Funds – How They Work For Investors

Receive News & Ratings for Paragon Banking Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paragon Banking Group and related companies with's FREE daily email newsletter.