Secure Trust Bank (LON:STB) Stock Price Down 20.2% – Time to Sell?

Secure Trust Bank PLC (LON:STB)’s stock price was down 20.2% during trading on Thursday . The stock traded as low as GBX 942 ($12.53) and last traded at GBX 966 ($12.85). Approximately 848,824 shares changed hands during mid-day trading, an increase of 624% from the average daily volume of 117,200 shares. The stock had previously closed at GBX 1,210 ($16.09).

Analyst Upgrades and Downgrades

Several research analysts have commented on STB shares. Berenberg Bank reissued a “buy” rating and set a GBX 1,420 price objective on shares of Secure Trust Bank in a report on Monday, August 18th. Shore Capital reissued a “house stock” rating on shares of Secure Trust Bank in a research report on Thursday. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 1,420.

Secure Trust Bank Stock Down 20.2%

The stock has a market capitalization of £180.05 million, a price-to-earnings ratio of 952.66, a price-to-earnings-growth ratio of 0.11 and a beta of 0.87. The business’s 50-day moving average is GBX 1,106.38 and its two-hundred day moving average is GBX 855.14.

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

Insider Activity at Secure Trust Bank

In related news, insider Jim Brown bought 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The shares were purchased at an average cost of GBX 1,170 per share, with a total value of £234,000. 20.19% of the stock is owned by company insiders.

Secure Trust Bank Company Profile

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.