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

Paragon Banking Group PLC (LON:PAG - Get Free Report)'s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 868.25 ($11.54) and last traded at GBX 867.50 ($11.53), with a volume of 1593306 shares changing hands. The stock had previously closed at GBX 858 ($11.41).

Wall Street Analysts Forecast Growth

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

Paragon Banking Group Stock Performance

The stock has a 50 day moving average of GBX 763.16 and a 200-day moving average of GBX 751.60. The company has a market cap of £1.73 billion, a PE ratio of 9.32, a price-to-earnings-growth ratio of 0.50 and a beta of 1.52.

Paragon Banking Group Increases Dividend

The company also recently disclosed 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%. This is a boost from Paragon Banking Group's previous dividend of $13.20. The ex-dividend date of this dividend was Thursday, February 6th. Paragon Banking Group's dividend payout ratio (DPR) is presently 43.17%.

Insider Activity at Paragon Banking Group

In related news, insider Richard Woodman sold 21,497 shares of the firm's stock in a transaction on Friday, March 28th. The shares were sold at an average price of GBX 778 ($10.34), for a total transaction of £167,246.66 ($222,313.78). Also, insider Graeme Yorston purchased 458 shares of the stock in a transaction on Tuesday, March 11th. The stock was acquired at an average cost of GBX 717 ($9.53) per share, for a total transaction of £3,283.86 ($4,365.09). Insiders have bought a total of 2,810 shares of company stock worth $2,082,024 over the last quarter. 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.

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