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

Shares of Paragon Banking Group PLC (LON:PAG - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 898.50 ($11.94) and last traded at GBX 894.50 ($11.88), with a volume of 50423 shares. The stock had previously closed at GBX 889 ($11.81).

Analyst Upgrades and Downgrades

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

Paragon Banking Group Stock Performance

The business has a 50 day moving average price of GBX 790.95 and a two-hundred day moving average price of GBX 759.79. The company has a market cap of £1.82 billion, a P/E ratio of 9.82, a price-to-earnings-growth 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 paid a GBX 27.20 ($0.36) dividend. This represents a dividend yield of 3.64%. The ex-dividend date was Thursday, February 6th. This is a positive change from Paragon Banking Group's previous dividend of $13.20. Paragon Banking Group's payout ratio is 43.17%.

Insider Activity

In other Paragon Banking Group news, insider Richard Woodman purchased 2,193 shares of the stock in a transaction on Monday, March 31st. The stock was acquired at an average price of GBX 746 ($9.91) per share, with a total value of £16,359.78 ($21,731.91). Also, insider Graeme Yorston purchased 458 shares of the stock in a transaction on Tuesday, March 11th. The shares were acquired at an average cost of GBX 717 ($9.52) per share, with a total value of £3,283.86 ($4,362.19). In the last quarter, insiders purchased 2,810 shares of company stock valued at $2,082,024. Insiders own 3.59% of the company's stock.

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.