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Prices & Quotes - UK Markets - Paragon Banking Group (PAG)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 467.60p
Change Today:
16.20p
Market Cap:
1,199.83m
Sector:
Financial Services

Paragon Banking pulls interim dividend

By Frank Prenesti

Date: Tuesday 14 Apr 2020

LONDON (ShareCast) - (Sharecast News) - Paragon Banking pulled its interim dividend due to the Covid-19 pandemic but said it had a strong capital base and "significant liquidity".
The so-called challenger bank on Tuesday said it was too early to determine the impact that the coronavirus crisis would have on new business flows, redemptions, income recognition and IFRS9-related impairment charges.

Paragon said unaudited capital ratios at 29 February 2020 comprised CET1 of 14.4% and a total capital ratio of 16.7%. Its liquidity coverage ratio was 218% at March 31.

The Bank of England last month unveiled monetary easing measures which included giving banks more leeway in their capital requirements by reducing the countercyclical capital buffer rate and incentives for SME lending.

The company reported flat specialist buy-to-let mortgage lending of ?694.6m for the six months to end-March and an 11% rise in its buy-to-let pipeline to ?789.8m.

"Underlying net interest margins continued to improve, tempered by the expected amortisation of the Idem Capital portfolio, where no further purchases were made during the period," Paragon said.

"Deposit costs have continued to benefit from our strategic actions, including broadening the product range, distribution and scale of market access and were lower at the end of March 2020 than at the end of September 2019."

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PAG Market Data

Currency UK Pounds
Price 467.60p
Change Today 16.20p
52 Week High 553.50p
52 Week Low 238.60p
Volume 845,342
Shares Issued 256.59m
Market Cap 1,199.83m

Performance Indicators

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What The Brokers Say

Strong Buy 6
Buy 1
Neutral 2
Sell 0
Strong Sell 0
Total 9
strong_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 Final
Ex-Div 28-Jan-21 09-Jan-20
Paid 26-Feb-21 17-Feb-20
Amount 14.40p 14.20p

Trades for 04-Dec-2020

Time Volume / Share Price
16:35 241,686 @ 467.60p
16:29 77 @ 463.80p
16:29 45 @ 464.00p
16:29 89 @ 465.20p
16:29 53 @ 464.60p

PAG Key Personnel

CEO Nigel S Terrington
CFO Richard Woodman
Chair Fiona Clutterbuck