Paragon Banking Group (LON:PAG) Releases Earnings Results

Paragon Banking Group (LON:PAG) posted its earnings results on Friday. The company reported GBX 91.20 earnings per share (EPS) for the quarter, reports. Paragon Banking Group had a net margin of 25.14% and a return on equity of 14.13%.

Paragon Banking Group Stock Performance

Paragon Banking Group stock opened at GBX 905.10 on Friday. The company’s 50 day simple moving average is GBX 842.18 and its 200-day simple moving average is GBX 871.85. Paragon Banking Group has a 1 year low of GBX 650.50 and a 1 year high of GBX 981. The company has a market capitalization of £1.71 billion, a price-to-earnings ratio of 10.30, a price-to-earnings-growth ratio of 0.50 and a beta of 1.52.

Insider Buying and Selling

In other news, insider Richard Woodman bought 15,000 shares of Paragon Banking Group stock in a transaction dated Tuesday, December 9th. The stock was acquired at an average cost of GBX 808 per share, with a total value of £121,200. Also, insider Nigel S. Terrington bought 30,280 shares of Paragon Banking Group stock in a transaction dated Thursday, December 4th. The stock was acquired at an average cost of GBX 785 per share, with a total value of £237,698. In the last three months, insiders acquired 63,716 shares of company stock worth $50,362,060. 1.99% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on PAG shares. Shore Capital upgraded Paragon Banking Group to a “buy” rating and set a GBX 1,000 price target on the stock in a research report on Wednesday, December 3rd. Royal Bank Of Canada lifted their price target on shares of Paragon Banking Group from GBX 975 to GBX 1,050 and gave the company an “outperform” rating in a research note on Thursday, December 4th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Paragon Banking Group currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,016.50.

Paragon Banking Group announced that its Board of Directors has authorized a share repurchase plan on Wednesday, December 3rd that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

Paragon Banking Group Company Profile

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.