Paragon Banking Group (LON:PAG) Hits New 52-Week High at $730.00

Paragon Banking Group PLC (LON:PAG) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 730 ($9.17) and last traded at GBX 723 ($9.08), with a volume of 178736 shares traded. The stock had previously closed at GBX 720 ($9.05).

Analysts Set New Price Targets

Separately, Shore Capital reissued a “buy” rating on shares of Paragon Banking Group in a research report on Friday, January 26th.

Paragon Banking Group Price Performance

The business has a fifty day moving average of GBX 685.40 and a two-hundred day moving average of GBX 628.45. The firm has a market capitalization of £1.53 billion, a price-to-earnings ratio of 1,081.82, a price-to-earnings-growth ratio of 0.50 and a beta of 1.50. The company has a debt-to-equity ratio of 222.26, a quick ratio of 1.48 and a current ratio of 1.30.

Paragon Banking Group Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 8th. Stockholders of record on Thursday, February 1st were given a GBX 19.20 ($0.24) dividend. The ex-dividend date of this dividend was Thursday, February 1st. This is a positive change from Paragon Banking Group’s previous dividend of $9.40. This represents a dividend yield of 4.13%. Paragon Banking Group’s dividend payout ratio is presently 5,606.06%.

Insider Buying and Selling

In related news, insider Zoe Howorth acquired 6,541 shares of the business’s stock in a transaction on Monday, February 19th. The stock was purchased at an average cost of GBX 639 ($8.03) per share, for a total transaction of £41,796.99 ($52,508.78). In other news, insider Zoe Howorth bought 6,541 shares of the company’s stock in a transaction dated Monday, February 19th. The stock was bought at an average price of GBX 639 ($8.03) per share, with a total value of £41,796.99 ($52,508.78). Also, insider Peter Hill bought 248 shares of Paragon Banking Group stock in a transaction dated Monday, March 11th. The stock was acquired at an average cost of GBX 677 ($8.51) per share, with a total value of £1,678.96 ($2,109.25). In the last 90 days, insiders purchased 7,264 shares of company stock valued at $4,663,470. Company insiders own 3.54% of the company’s stock.

Paragon Banking Group Company Profile

Paragon Banking Group PLC provides financial products and services in the United Kingdom. It operates in two segments, Mortgage Lending and Commercial Lending. The Mortgage Lending segment offers buy-to-let mortgages, as well as includes owner-occupied first and second charge mortgages. The Commercial Lending segment comprises SME lending, such as hire purchase, and finance and operating leases; and provides development finance, motor finance, structured lending, and other products.