Paragon Banking Group PLC ( (GB:PAG) ) has provided an update.
Paragon Banking Group PLC has executed a share buyback program, purchasing 109,424 of its ordinary shares on the London Stock Exchange through Peel Hunt LLP. This move is part of a larger £50 million buyback initiative announced in December 2024. The transaction reflects the company’s strategy to manage its capital structure and potentially enhance shareholder value by reducing the number of shares in circulation, which could impact the company’s stock price and voting rights.
More about Paragon Banking Group PLC
Paragon Banking Group PLC operates within the financial services industry, primarily focusing on banking and lending services. The company is engaged in providing various financial products, including savings accounts, loans, and mortgages, with a market focus on both individual and business customers.
YTD Price Performance: 4.93%
Average Trading Volume: 540,659
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £1.5B
For an in-depth examination of PAG stock, go to TipRanks’ Stock Analysis page.