Paragon Banking Group (LON:PAG) Reaches New 1-Year High – Here’s What Happened

Paragon Banking Group PLC (LON:PAG) reached a new 52-week high on Monday . The stock traded as high as GBX 898.50 ($11.94) and last traded at GBX 894.50 ($11.89), with a volume of 50423 shares trading hands. The stock had previously closed at GBX 889 ($11.81).

Analyst Ratings Changes

Separately, Shore Capital reissued a “buy” rating on shares of Paragon Banking Group in a report on Thursday, April 10th.

Paragon Banking Group Stock Performance

The firm has a fifty day moving average price of GBX 773.63 and a two-hundred day moving average price of GBX 754.95. The stock has a market capitalization of £1.79 billion, a P/E ratio of 9.68, a PEG ratio of 0.50 and a beta of 1.52.

Paragon Banking Group Increases Dividend

The company also recently declared a dividend, which was paid on Friday, March 7th. Stockholders of record on Thursday, February 6th were issued a dividend of GBX 27.20 ($0.36) per share. This represents a dividend yield of 3.64%. This is a boost from Paragon Banking Group’s previous dividend of $13.20. The ex-dividend date was Thursday, February 6th. Paragon Banking Group’s dividend payout ratio is presently 43.17%.

Insider Activity

In related news, insider Richard Woodman acquired 2,193 shares of Paragon Banking Group stock in a transaction dated Monday, March 31st. The stock was purchased at an average cost of GBX 746 ($9.91) per share, for a total transaction of £16,359.78 ($21,737.68). Also, insider Peter Hill acquired 159 shares of Paragon Banking Group stock in a transaction dated Monday, March 17th. The stock was bought at an average price of GBX 740 ($9.83) per share, with a total value of £1,176.60 ($1,563.38). Insiders have bought 2,810 shares of company stock valued at $2,082,024 in the last ninety days. 3.59% of the stock is currently owned by company insiders.

About Paragon Banking Group

Paragon is a specialist banking group. It offers a range of savings accounts and provide finance for landlords and small
and medium-sized businesses (‘SMEs’) and residential property developers in the UK. Founded in 1985 and listed on the
London Stock Exchange, it is a FTSE-250 company. Headquartered in Solihull, it employs more than 1,400 people.