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

Paragon Banking Group PLC (LON:PAG) shares reached a new 52-week high during 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 changing hands. The stock had previously closed at GBX 720 ($9.05).

Wall Street Analysts Forecast Growth

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

Paragon Banking Group Stock Up 0.9 %

The company has a debt-to-equity ratio of 222.26, a current ratio of 1.30 and a quick ratio of 1.48. The firm has a market capitalization of £1.54 billion, a P/E ratio of 1,090.91, a PEG ratio of 0.50 and a beta of 1.50. The firm’s fifty day moving average price is GBX 682.05 and its 200-day moving average price is GBX 627.06.

Paragon Banking Group Increases Dividend

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

Insider Transactions at Paragon Banking Group

In other news, insider Zoe Howorth bought 6,541 shares of the firm’s stock in a transaction that occurred on Monday, February 19th. The stock was acquired at an average price of GBX 639 ($8.03) per share, with a total value of £41,796.99 ($52,508.78). In other Paragon Banking Group news, insider Zoe Howorth bought 6,541 shares of the company’s stock in a transaction that occurred on Monday, February 19th. The shares were acquired at an average cost of GBX 639 ($8.03) per share, for a total transaction of £41,796.99 ($52,508.78). Also, insider Graeme Yorston bought 475 shares of Paragon Banking Group stock in a transaction that occurred on Tuesday, March 19th. The shares were acquired at an average price of GBX 665 ($8.35) per share, with a total value of £3,158.75 ($3,968.28). In the last 90 days, insiders have bought 7,264 shares of company stock valued at $4,663,470. Corporate 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.