Nigel Terrington Sells 102,876 Shares of Paragon Banking Group (LON:PAG) Stock

Paragon Banking Group PLC (LON:PAG) insider Nigel Terrington sold 102,876 shares of the firm’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of GBX 777, for a total value of £799,346.52.

Paragon Banking Group Stock Up 3.2%

Paragon Banking Group stock traded up GBX 24.50 during mid-day trading on Tuesday, hitting GBX 789.50. The company’s stock had a trading volume of 457,445 shares, compared to its average volume of 1,041,277. The firm’s 50 day moving average is GBX 864.63 and its 200 day moving average is GBX 853.94. The company has a market cap of £1.48 billion, a PE ratio of 8.98, a price-to-earnings-growth ratio of 0.50 and a beta of 1.17. The company has a debt-to-equity ratio of 120.17, a current ratio of 0.28 and a quick ratio of 1.48. Paragon Banking Group PLC has a 52-week low of GBX 650.50 and a 52-week high of GBX 981.

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

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PAG. Shore Capital Group lifted their target price on shares of Paragon Banking Group from GBX 1,040 to GBX 1,055 and gave the company a “buy” rating in a research note on Tuesday, January 27th. UBS Group reiterated a “buy” rating and set a GBX 1,020 price objective on shares of Paragon Banking Group in a report on Friday, January 16th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a GBX 1,050 target price on shares of Paragon Banking Group in a research note on Wednesday, January 28th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,028.20.

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.