Paragon Banking Group (LON:PAG) Hits New 1-Year High – What’s Next?

Paragon Banking Group PLC (LON:PAG)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 914 ($12.40) and last traded at GBX 906 ($12.29), with a volume of 227625 shares changing hands. The stock had previously closed at GBX 899 ($12.20).

Wall Street Analyst Weigh In

PAG has been the subject of a number of research reports. Shore Capital reissued a “buy” rating on shares of Paragon Banking Group in a research note on Thursday, April 10th. Canaccord Genuity Group raised their price objective on Paragon Banking Group from GBX 844 ($11.45) to GBX 958 ($13.00) and gave the company a “buy” rating in a research note on Wednesday, May 21st.

Paragon Banking Group Stock Up 0.8%

The stock has a 50 day simple moving average of GBX 809.80 and a 200 day simple moving average of GBX 767.30. The stock has a market cap of £1.81 billion, a price-to-earnings ratio of 9.78, a PEG ratio of 0.50 and a beta of 1.52.

Paragon Banking Group Increases Dividend

The business also recently announced a dividend, which was paid on Friday, March 7th. Stockholders of record on Thursday, February 6th were issued a GBX 27.20 ($0.37) dividend. This represents a dividend yield of 3.64%. The ex-dividend date of this dividend was Thursday, February 6th. This is a positive change from Paragon Banking Group’s previous dividend of $13.20. Paragon Banking Group’s dividend payout ratio (DPR) is currently 43.17%.

Insider Activity

In related news, insider Graeme Yorston bought 458 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were bought at an average price of GBX 717 ($9.73) per share, for a total transaction of £3,283.86 ($4,455.71). Also, insider Richard Woodman sold 21,497 shares of the firm’s stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of GBX 778 ($10.56), for a total value of £167,246.66 ($226,928.98). Insiders have purchased 2,810 shares of company stock worth $2,082,024 over the last 90 days. 3.59% of the stock is currently owned by corporate 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.