Secure Trust Bank (LON:STB) Sets New 1-Year High – Here’s What Happened

Shares of Secure Trust Bank PLC (LON:STB) hit a new 52-week high during trading on Monday . The company traded as high as GBX 1,370 and last traded at GBX 1,340, with a volume of 28700 shares traded. The stock had previously closed at GBX 1,345.

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Secure Trust Bank in a research report on Monday, October 20th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 1,420.

Secure Trust Bank Price Performance

The firm’s 50 day moving average is GBX 1,106.96 and its two-hundred day moving average is GBX 1,060.29. The firm has a market capitalization of £250.07 million, a P/E ratio of 13.21, a PEG ratio of 0.11 and a beta of 0.87.

Insider Transactions at Secure Trust Bank

In other news, insider Jim Brown bought 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 22nd. The stock was acquired at an average cost of GBX 916 per share, for a total transaction of £229,000. Also, insider Ian Corfield purchased 28,296 shares of the stock in a transaction on Tuesday, October 21st. The shares were acquired at an average cost of GBX 879 per share, for a total transaction of £248,721.84. In the last three months, insiders bought 72,715 shares of company stock valued at $72,647,923. Insiders own 20.48% of the company’s stock.

About Secure Trust Bank

Secure Trust Bank is an established, well‐funded and capitalised UK retail bank with over 70‐years of trading history. Secure Trust Bank operates principally from its head office in Solihull, West Midlands.

The Group’s diversified lending portfolio currently focuses on two sectors:

• Business finance through its Real Estate Finance and Commercial Finance divisions, and
• Consumer finance through its Vehicle Finance and Retail Finance divisions.

Secure Trust Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

Secure Trust Bank PLC, Yorke House, Arleston Way, Solihull, B90 4LH.