Paragon Banking Group PLC (LON:PAG) Raises Dividend to GBX 27.20 Per Share

Paragon Banking Group PLC (LON:PAG) announced a dividend on Wednesday, December 3rd,Upcoming Dividends.Co.Uk reports. Investors of record on Thursday, February 6th will be paid a dividend of GBX 27.20 ($0.34) per share on Friday, March 7th. This represents a dividend yield of 3.64%. The ex-dividend date is Thursday, February 6th. This is a positive change from Paragon Banking Group’s previous dividend of $13.20. The official announcement can be accessed at this link.

Paragon Banking Group Stock Performance

Shares of PAG stock opened at GBX 792 ($9.85) on Tuesday. Paragon Banking Group has a 52 week low of GBX 623.50 ($7.76) and a 52 week high of GBX 868 ($10.80). The company has a debt-to-equity ratio of 168.79, a quick ratio of 1.48 and a current ratio of 1.21. The company has a 50-day simple moving average of GBX 749.09 and a 200 day simple moving average of GBX 750.58. The company has a market capitalization of £1.61 billion, a price-to-earnings ratio of 1,200.00, a PEG ratio of 0.50 and a beta of 1.52.

Paragon Banking Group (LON:PAG) last issued its earnings results on Tuesday, December 3rd. The company reported GBX 101.10 ($1.26) EPS for the quarter. Paragon Banking Group had a net margin of 42.60% and a return on equity of 14.43%. On average, sell-side analysts predict that Paragon Banking Group will post 104.0245566 earnings per share for the current year.

Insider Buying and Selling

In other Paragon Banking Group news, insider Nigel S. Terrington bought 26,962 shares of Paragon Banking Group stock in a transaction on Thursday, December 5th. The shares were purchased at an average cost of GBX 790 ($9.83) per share, with a total value of £212,999.80 ($264,991.04). Also, insider Richard Woodman bought 2,241 shares of Paragon Banking Group stock in a transaction on Friday, December 20th. The shares were acquired at an average cost of GBX 730 ($9.08) per share, for a total transaction of £16,359.30 ($20,352.45). 3.59% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Paragon Banking Group Company Profile

Paragon Banking Group PLC provides financial products and services in the United Kingdom. It operates in two segments, Mortgage Lending and Commercial Lending. The Mortgage Lending segment offers buy-to-let mortgages, as well as includes owner-occupied first and second charge mortgages. The Commercial Lending segment comprises SME lending, such as hire purchase, and finance and operating leases; and provides development finance, motor finance, structured lending, and other products.