Paragon Banking Group (LON:PAG) Hits New 1-Year High at $730.00

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

Analyst Upgrades and Downgrades

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

Paragon Banking Group Price Performance

The stock has a market cap of £1.53 billion, a PE ratio of 1,081.82, a P/E/G ratio of 0.50 and a beta of 1.50. The company has a current ratio of 1.30, a quick ratio of 1.48 and a debt-to-equity ratio of 222.26. The business has a fifty day simple moving average of GBX 685.40 and a two-hundred day simple moving average of GBX 628.45.

Paragon Banking Group Increases Dividend

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

Insider Activity at Paragon Banking Group

In related news, insider Zoe Howorth purchased 6,541 shares of the business’s stock in a transaction that occurred on Monday, February 19th. The shares were bought at an average price of GBX 639 ($8.03) per share, for a total transaction of £41,796.99 ($52,508.78). In other news, insider Zoe Howorth purchased 6,541 shares of the business’s stock in a transaction dated Monday, February 19th. The shares were purchased at an average price of GBX 639 ($8.03) per share, for a total transaction of £41,796.99 ($52,508.78). Also, insider Graeme Yorston purchased 475 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The stock was acquired at an average price of GBX 665 ($8.35) per share, with a total value of £3,158.75 ($3,968.28). Insiders acquired a total of 7,264 shares of company stock valued at $4,663,470 in the last three months. Company insiders own 3.54% of the company’s stock.

About Paragon Banking Group

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.