Paragon Banking Group PLC (LON:PAG) Insider Sells £167,246.66 in Stock

Paragon Banking Group PLC (LON:PAG) insider Richard Woodman sold 21,497 shares of the firm’s stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of GBX 778 ($10.06), for a total transaction of £167,246.66 ($216,248.59).

Richard Woodman also recently made the following trade(s):

• On Thursday, January 30th, Richard Woodman sold 259,904 shares of Paragon Banking Group stock. The shares were sold at an average price of GBX 765 ($9.89), for a total value of £1,988,265.60 ($2,570,811.48).

Paragon Banking Group Price Performance

LON:PAG opened at GBX 773 ($9.99) on Monday. The company’s 50-day moving average is GBX 759.62 and its two-hundred day moving average is GBX 747.74. Paragon Banking Group PLC has a 1-year low of GBX 656 ($8.48) and a 1-year high of GBX 868 ($11.22). The firm has a market capitalization of £1.55 billion, a price-to-earnings ratio of 8.34, a PEG ratio of 0.50 and a beta of 1.52.

Paragon Banking Group Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, March 7th. Shareholders of record on Thursday, February 6th were given a GBX 27.20 ($0.35) dividend. The ex-dividend date of this dividend was Thursday, February 6th. This represents a yield of 3.64%. This is an increase from Paragon Banking Group’s previous dividend of $13.20. Paragon Banking Group’s payout ratio is currently 43.17%.

Wall Street Analysts Forecast Growth

Separately, Shore Capital restated a “buy” rating on shares of Paragon Banking Group in a report on Wednesday, December 4th.

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.