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Paragon Banking Group PLC ( (GB:PAG) ) has issued an announcement.
Paragon Banking Group PLC announced the repurchase of 93,820 of its ordinary shares as part of a £50 million share buyback programme initiated in December 2024. This move is part of the company’s strategy to enhance shareholder value, reflecting confidence in its financial health and serving as a tool for capital management. The buyback could potentially impact the company’s share price positively by reducing the number of shares available in the market, thereby increasing earnings per share and consolidating ownership.
More about Paragon Banking Group PLC
Paragon Banking Group PLC operates within the financial industry, primarily focusing on savings and lending services. It serves personal, commercial, and specialist mortgage markets, leveraging its expertise in banking to cater to various customer needs.
YTD Price Performance: 9.95%
Average Trading Volume: 482,572
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £1.57B
See more data about PAG stock on TipRanks’ Stock Analysis page.
