Paragon Banking Group (LON:PAG) Hits New 52-Week Low - Should You Sell?

Paragon Banking Group PLC (LON:PAG - Get Free Report) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 650.50 ($8.51) and last traded at GBX 695 ($9.10), with a volume of 904308 shares. The stock had previously closed at GBX 686.50 ($8.99).

Analyst Upgrades and Downgrades

Separately, Shore Capital restated a "buy" rating on shares of Paragon Banking Group in a research note on Thursday.

Paragon Banking Group Stock Performance

The stock's 50 day simple moving average is GBX 749.82 and its 200-day simple moving average is GBX 745.86. The firm has a market cap of £1.44 billion, a price-to-earnings ratio of 7.78, a price-to-earnings-growth ratio of 0.50 and a beta of 1.52.

Paragon Banking Group Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 7th. Stockholders of record on Thursday, February 6th were paid a GBX 27.20 ($0.36) dividend. This represents a dividend yield of 3.64%. This is a boost from Paragon Banking Group's previous dividend of $13.20. The ex-dividend date of this dividend was Thursday, February 6th. Paragon Banking Group's dividend payout ratio (DPR) is presently 43.17%.

Insider Buying and Selling

In other Paragon Banking Group news, insider Richard Woodman bought 2,193 shares of the firm's stock in a transaction that occurred on Monday, March 31st. The stock was bought at an average cost of GBX 746 ($9.76) per share, for a total transaction of £16,359.78 ($21,413.32). Also, insider Peter Hill purchased 159 shares of the stock in a transaction on Monday, March 17th. The stock was acquired at an average cost of GBX 740 ($9.69) per share, for a total transaction of £1,176.60 ($1,540.05). Insiders bought 2,810 shares of company stock valued at $2,082,024 over the last quarter. 3.59% of the stock is currently owned by company insiders.

Paragon Banking Group Company Profile

Paragon is a specialist banking group. It offers a range of savings accounts and provide finance for landlords and small and medium-sized businesses (‘SMEs') and residential property developers in the UK. Founded in 1985 and listed on the London Stock Exchange, it is a FTSE-250 company. Headquartered in Solihull, it employs more than 1,400 people.