Secure Trust Bank (LON:STB) Insider Purchases £248,721.84 in Stock

Secure Trust Bank PLC (LON:STB) insider Ian Corfield acquired 28,296 shares of Secure Trust Bank stock in a transaction on Tuesday, October 21st. The shares were purchased at an average cost of GBX 879 per share, with a total value of £248,721.84.

Secure Trust Bank Price Performance

LON STB opened at GBX 940 on Friday. The company has a 50 day simple moving average of GBX 1,062.26 and a 200-day simple moving average of GBX 880.79. The firm has a market capitalization of £175.21 million, a price-to-earnings ratio of 9.27, a price-to-earnings-growth ratio of 0.11 and a beta of 0.87. Secure Trust Bank PLC has a 52-week low of GBX 331 and a 52-week high of GBX 1,262.93.

Secure Trust Bank (LON:STB) last issued its quarterly earnings data on Thursday, August 14th. The company reported GBX 87.60 earnings per share for the quarter. Secure Trust Bank had a net margin of 7.20% and a return on equity of 7.43%. On average, analysts predict that Secure Trust Bank PLC will post 214.2857143 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on STB. Berenberg Bank reiterated a “buy” rating and set a GBX 1,420 price target on shares of Secure Trust Bank in a report on Monday, August 18th. 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 company has an average rating of “Buy” and a consensus price target of GBX 1,420.

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.