Secure Trust Bank PLC (LON:STB) Insider Buys £19,885.80 in Stock

Secure Trust Bank PLC (LON:STB) insider David McCreadie purchased 2,882 shares of Secure Trust Bank stock in a transaction that occurred on Tuesday, May 7th. The stock was purchased at an average price of GBX 690 ($8.67) per share, with a total value of £19,885.80 ($24,982.16).

David McCreadie also recently made the following trade(s):

• On Friday, May 3rd, David McCreadie bought 2,880 shares of Secure Trust Bank stock. The stock was acquired at an average price of GBX 694 ($8.72) per share, with a total value of £19,987.20 ($25,109.55).

Secure Trust Bank Price Performance

LON:STB opened at GBX 700 ($8.79) on Friday. The stock has a market cap of £133.42 million, a PE ratio of 510.95, a price-to-earnings-growth ratio of 0.11 and a beta of 0.77. Secure Trust Bank PLC has a fifty-two week low of GBX 550 ($6.91) and a fifty-two week high of GBX 750 ($9.42). The stock’s 50-day moving average is GBX 683.96 and its two-hundred day moving average is GBX 674.16.

Secure Trust Bank Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, May 23rd. Investors of record on Thursday, April 25th will be given a dividend of GBX 16.20 ($0.20) per share. The ex-dividend date of this dividend is Thursday, April 25th. This is an increase from Secure Trust Bank’s previous dividend of $16.00. This represents a yield of 2.46%. Secure Trust Bank’s payout ratio is presently 2,335.77%.

Analysts Set New Price Targets

Separately, Shore Capital reiterated a “house stock” rating on shares of Secure Trust Bank in a report on Thursday, March 21st.

About Secure Trust Bank

Secure Trust Bank PLC provides banking and financial products and services in the United Kingdom. It operates through four segments: Real Estate Finance, Commercial Finance, Vehicle Finance, and Retail Finance. The Real Estate Finance segment provides secured loans against property assets. The Commercial Finance segment provides invoice discounting solutions, coronavirus business interruption loan scheme, and recovery loan schemes.