Paragon Banking Group (LON:PAG) Reaches New 52-Week High - Here's Why

Paragon Banking Group PLC (LON:PAG - Get Free Report)'s share price reached a new 52-week high on Wednesday . The company traded as high as GBX 868.88 ($11.53) and last traded at GBX 836.62 ($11.10), with a volume of 84653 shares trading hands. The stock had previously closed at GBX 837 ($11.11).

Analyst Upgrades and Downgrades

Separately, Shore Capital reiterated a "buy" rating on shares of Paragon Banking Group in a research report on Thursday, April 10th.

Paragon Banking Group Price Performance

The stock has a 50-day simple moving average of GBX 761.12 and a 200-day simple moving average of GBX 750.96. The stock has a market cap of £1.72 billion, a PE ratio of 9.26, a P/E/G ratio of 0.50 and a beta of 1.52.

Paragon Banking Group Increases Dividend

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

Insider Activity at Paragon Banking Group

In other Paragon Banking Group news, insider Richard Woodman sold 21,497 shares of the firm's stock in a transaction dated Friday, March 28th. The stock was sold at an average price of GBX 778 ($10.32), for a total transaction of £167,246.66 ($221,930.28). Also, insider Peter Hill acquired 159 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was purchased at an average price of GBX 740 ($9.82) per share, for a total transaction of £1,176.60 ($1,561.31). Insiders bought a total of 2,810 shares of company stock valued at $2,082,024 over the last three months. 3.59% of the stock is owned by 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.