Secure Trust Bank (LON:STB) Trading Down 20.2% – Here’s What Happened

Secure Trust Bank PLC (LON:STB)’s share price dropped 20.2% on Friday . The company traded as low as GBX 942 ($12.58) and last traded at GBX 966 ($12.90). Approximately 848,824 shares were traded 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 ($16.16).

Analysts Set New Price Targets

STB has been the subject of a number of research reports. Shore Capital reissued a “house stock” rating on shares of Secure Trust Bank in a report on Thursday. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,420 price objective on shares of Secure Trust Bank in a report on Monday, August 18th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of GBX 1,420.

Secure Trust Bank Trading Down 1.9%

The business’s fifty day moving average price is GBX 1,105.86 and its 200 day moving average price is GBX 859.54. The company has a market capitalization of £176.70 million, a P/E ratio of 934.91, a P/E/G ratio of 0.11 and a beta of 0.87.

Secure Trust Bank (LON:STB) last released 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%. Equities research analysts anticipate that Secure Trust Bank PLC will post 214.2857143 EPS for the current year.

Insider Activity

In other news, insider Jim Brown bought 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The stock was acquired at an average price of GBX 1,170 per share, for a total transaction of £234,000. 20.19% of the stock is owned by company 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.