Secure Trust Bank PLC (LON:STB) Insider Purchases £19,987.20 in Stock

Secure Trust Bank PLC (LON:STB) insider David McCreadie bought 2,880 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were acquired at an average price of GBX 694 ($8.72) per share, with a total value of £19,987.20 ($25,109.55).

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

• On Tuesday, May 7th, David McCreadie purchased 2,882 shares of Secure Trust Bank stock. The stock was acquired at an average cost of GBX 690 ($8.67) per share, for a total transaction of £19,885.80 ($24,982.16).

Secure Trust Bank Stock Up 2.7 %

Shares of LON:STB opened at GBX 688 ($8.64) on Wednesday. The company has a market capitalization of £131.13 million, a P/E ratio of 502.19, a P/E/G ratio of 0.11 and a beta of 0.77. Secure Trust Bank PLC has a 52-week low of GBX 550 ($6.91) and a 52-week high of GBX 750 ($9.42). The stock’s fifty day simple moving average is GBX 684.80 and its 200-day simple moving average is GBX 673.93.

Secure Trust Bank Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Thursday, April 25th will be issued a GBX 16.20 ($0.20) dividend. This represents a yield of 2.46%. This is a positive change from Secure Trust Bank’s previous dividend of $16.00. The ex-dividend date of this dividend is Thursday, April 25th. Secure Trust Bank’s dividend payout ratio is 2,335.77%.

Wall Street Analyst Weigh In

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

Secure Trust Bank Company Profile

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.