Paragon Banking Group PLC (LON:PAG – Get Free Report) reached a new 52-week high 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 trading hands. The stock had previously closed at GBX 720 ($9.05).
Analysts Set New Price Targets
Separately, Shore Capital restated a “buy” rating on shares of Paragon Banking Group in a research note on Friday, January 26th.
Get Our Latest Stock Analysis on Paragon Banking Group
Paragon Banking Group Stock Up 0.9 %
Paragon Banking Group Increases Dividend
The company also recently declared a dividend, which was paid on Friday, March 8th. Investors of record on Thursday, February 1st were issued a dividend of GBX 19.20 ($0.24) per share. This is an increase 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 currently 5,606.06%.
Insider Buying and Selling at Paragon Banking Group
In other news, insider Graeme Yorston acquired 475 shares of the company’s stock in a transaction dated Tuesday, March 19th. The stock was bought at an average price of GBX 665 ($8.35) per share, with a total value of £3,158.75 ($3,968.28). In other Paragon Banking Group news, insider Peter Hill purchased 248 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was acquired at an average cost of GBX 677 ($8.51) per share, with a total value of £1,678.96 ($2,109.25). Also, insider Graeme Yorston acquired 475 shares of the firm’s stock in a transaction on Tuesday, March 19th. The shares were bought at an average cost of GBX 665 ($8.35) per share, for a total transaction of £3,158.75 ($3,968.28). Insiders have bought a total of 7,264 shares of company stock worth $4,663,470 over the last ninety days. 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.
Further Reading
- Five stocks we like better than Paragon Banking Group
- Procter & Gamble (NYSE:PG) Pulls Back After Shaky Guidance
- Garmin Navigates to New Highs Driven By Wearables Trend
- How Can Investors Benefit From After-Hours Trading
- Pinterest Prospers From AI Boosting Shop-Ability and Relevance
- How to Calculate Stock Profit
- AbbVie Tracking for New Highs in 2024
Receive News & Ratings for Paragon Banking Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paragon Banking Group and related companies with MarketBeat.com's FREE daily email newsletter.