Paragon Banking Group PLC (LON:PAG) announced a dividend on Thursday, November 23rd, Upcoming.Co.Uk reports. Stockholders of record on Thursday, January 4th will be paid 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 of this dividend is Thursday, January 4th. This is a positive change from Paragon Banking Group’s previous dividend of $4.70. The official announcement can be accessed at this link.
Shares of Paragon Banking Group (LON PAG) opened at GBX 512 ($6.94) on Friday. The company has a market capitalization of $1,350.00 and a P/E ratio of 1,219.05. Paragon Banking Group has a 52-week low of GBX 399 ($5.41) and a 52-week high of GBX 555.99 ($7.54).
In related news, insider Hugo Tudor sold 15,000 shares of the firm’s stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of GBX 511 ($6.93), for a total transaction of £76,650 ($103,946.30). Also, insider John Heron sold 69,525 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of GBX 478 ($6.48), for a total value of £332,329.50 ($450,677.38). Over the last quarter, insiders have sold 319,525 shares of company stock valued at $79,182,950.
A number of equities research analysts recently commented on the company. Liberum Capital reiterated a “buy” rating and issued a GBX 490 ($6.64) target price on shares of Paragon Banking Group in a research report on Friday. Shore Capital reaffirmed a “buy” rating on shares of Paragon Banking Group in a research note on Monday, December 11th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a GBX 415 ($5.63) target price on shares of Paragon Banking Group in a research note on Wednesday, November 29th. Numis Securities reaffirmed a “hold” rating and set a GBX 375 ($5.09) target price on shares of Paragon Banking Group in a research note on Thursday, November 23rd. Finally, Peel Hunt reissued an “add” rating and issued a GBX 510 ($6.92) price objective on shares of Paragon Banking Group in a research note on Thursday, November 23rd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target 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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