Paragon Banking Group (PAG)

Sector:

Financials

Index:

FTSE 250

680.50p
   
  • Change Today:
      6.00p
  • 52 Week High: 723.00
  • 52 Week Low: 443.60
  • Currency: UK Pounds
  • Shares Issued: 213.27m
  • Volume: 149,596
  • Market Cap: £1,451.32m
  • RiskGrade: 172

Paragon Banking delivers 'another strong performance' in Q3

By Iain Gilbert

Date: Wednesday 27 Jul 2022

LONDON (ShareCast) - (Sharecast News) - Finance provider Paragon Banking Group said on Wednesday that it had delivered "another strong performance" in the three months ended 30 June, leading it to reconfirm full-year guidance.
Paragon said year-to-date advances had risen 16.7% to £2.2bn, with mortgage lending advances rising 7.5& to £1.3bn and commercial lending advances improving 32.3% to £900.0m. Net loans grew 7.2% to £14.0bn.

The FTSE 250-listed group's buy-to-let pipeline shot up 46.2% to £1.3bn, while its development finance pipeline was flat year-on-year at £700.0m.

Paragon also reiterated its full-year guidance for more than £18.0bn in mortgage lending advances, £1.2bn in commercial lending advances, operating costs in the "low £150 millions" and a net interest margin increase of over 20 basis points.

Chief executive Nigel Terrington said: "Paragon has delivered another strong performance, with continued momentum in new business flows and improving margins driving robust revenue growth, whilst maintaining a tight cost focus.

"With strong levels of capital and an exemplary credit performance, we are well positioned to deal with any economic weakness that emerges. We continue to deliver against our strategy to the benefit of all our stakeholders and are particularly excited about the benefits our digitalisation programme will create."

As of 0805 BST, Paragon shares were up 1.53% at 529.50p.



Reporting by Iain Gilbert at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

PAG Market Data

Currency UK Pounds
Share Price 680.50p
Change Today 6.00p
% Change 0.89 %
52 Week High 723.00
52 Week Low 443.60
Volume 149,596
Shares Issued 213.27m
Market Cap £1,451.32m
RiskGrade 172

PAG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
72.15% above the market average72.15% above the market average72.15% above the market average72.15% above the market average72.15% above the market average
29.52% above the sector average29.52% above the sector average29.52% above the sector average29.52% above the sector average29.52% above the sector average
Price Trend
89.94% above the market average89.94% above the market average89.94% above the market average89.94% above the market average89.94% above the market average
84.48% above the sector average84.48% above the sector average84.48% above the sector average84.48% above the sector average84.48% above the sector average
Income
87.63% above the market average87.63% above the market average87.63% above the market average87.63% above the market average87.63% above the market average
57.58% above the sector average57.58% above the sector average57.58% above the sector average57.58% above the sector average57.58% above the sector average
Growth
27.94% above the market average27.94% above the market average27.94% above the market average27.94% above the market average27.94% above the market average
42.06% above the sector average42.06% above the sector average42.06% above the sector average42.06% above the sector average42.06% above the sector average

What The Brokers Say

Strong Buy 5
Buy 2
Neutral 3
Sell 0
Strong Sell 0
Total 10
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

PAG Dividends

  Latest Previous
  Final Interim
Ex-Div 01-Feb-24 06-Jul-23
Paid 08-Mar-24 28-Jul-23
Amount 26.40p 11.00p

Trades for 28-Mar-2024

Time Volume / Share Price
11:42 14 @ 680.50p
11:42 15,000 @ 681.44p
11:41 34 @ 680.00p
11:41 142 @ 680.00p
11:41 55 @ 680.00p

PAG Key Personnel

CEO Nigel S Terrington
CFO Richard Woodman

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