Paragon Banking Group PLC (LON:PAG) declared a dividend on Thursday, November 23rd, Upcoming.Co.Uk reports. Stockholders of record on Thursday, January 4th will be given a dividend of GBX 11 ($0.15) per share on Monday, February 19th. This represents a dividend yield of 2.37%. The ex-dividend date is Thursday, January 4th. This is an increase from Paragon Banking Group’s previous dividend of $4.70. The official announcement can be viewed at this link.
Paragon Banking Group (LON:PAG) opened at GBX 512 ($6.94) on Friday. The stock has a market capitalization of $1,350.00 and a price-to-earnings ratio of 1,219.05. Paragon Banking Group has a 12-month low of GBX 399 ($5.41) and a 12-month high of GBX 555.99 ($7.54).
In related news, insider Hugo Tudor sold 15,000 shares of Paragon Banking Group stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of GBX 511 ($6.93), for a total value of £76,650 ($103,946.30). Also, insider Alan Fletcher sold 5,000 shares of Paragon Banking Group stock in a transaction dated Friday, December 15th. The shares were sold at an average price of GBX 487 ($6.60), for a total value of £24,350 ($33,021.43). Over the last 90 days, insiders sold 319,525 shares of company stock worth $79,182,950.
Several research firms have weighed in on PAG. Shore Capital reiterated a “buy” rating on shares of Paragon Banking Group in a report on Thursday, September 21st. Peel Hunt reiterated an “add” rating and set a GBX 510 ($6.92) target price on shares of Paragon Banking Group in a report on Thursday, November 23rd. Liberum Capital reiterated a “buy” rating and set a GBX 490 ($6.64) target price on shares of Paragon Banking Group in a report on Friday. JPMorgan Chase & Co. reiterated an “underweight” rating and set a GBX 415 ($5.63) target price on shares of Paragon Banking Group in a report on Wednesday, November 29th. Finally, Canaccord Genuity restated a “hold” rating and issued a GBX 500 ($6.78) price target on shares of Paragon Banking Group in a report on Thursday, November 23rd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of GBX 460.56 ($6.25).
Paragon Banking Group Company Profile
Paragon Banking Group PLC, formerly The Paragon Group of Companies PLC, is engaged in financial services business. The Company operates as an independent buy-to-let lender, and as a debt purchaser through its Idem Capital division, where it purchases, co-manages and services secured and unsecured consumer loan portfolios.
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