Secure Trust Bank (LON:STB) Hits New 1-Year High – Here’s Why

Secure Trust Bank PLC (LON:STB)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 1,345 and last traded at GBX 1,345, with a volume of 51892 shares. The stock had previously closed at GBX 1,330.

Analyst Ratings Changes

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

Secure Trust Bank Stock Up 1.1%

The firm has a 50 day moving average of GBX 1,076.90 and a two-hundred day moving average of GBX 1,045.14. The firm has a market capitalization of £251.00 million, a price-to-earnings ratio of 13.26, a price-to-earnings-growth ratio of 0.11 and a beta of 0.87.

Insider Activity at Secure Trust Bank

In related news, insider Jim Brown acquired 25,000 shares of the 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 acquired 19,419 shares of the company’s stock in a transaction that occurred on Tuesday, January 6th. The stock was bought at an average cost of GBX 1,281 per share, with a total value of £248,757.39. Insiders have purchased a total of 72,715 shares of company stock worth $72,647,923 over the last ninety days. 20.48% of the stock is currently owned by insiders.

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.