Secure Trust Bank (LON:STB) Sets New 1-Year Low – What’s Next?

Secure Trust Bank PLC (LON:STB) hit a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 440 ($5.71) and last traded at GBX 484 ($6.28), with a volume of 940229 shares changing hands. The stock had previously closed at GBX 566 ($7.34).

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on STB shares. Berenberg Bank restated a “buy” rating and issued a GBX 1,420 ($18.42) target price on shares of Secure Trust Bank in a report on Wednesday, August 14th. Shore Capital reissued a “house stock” rating on shares of Secure Trust Bank in a research note on Wednesday, October 16th.

Secure Trust Bank Trading Down 16.3 %

The stock has a market capitalization of £89.35 million, a PE ratio of 345.99, a P/E/G ratio of 0.11 and a beta of 0.87. The stock’s fifty day simple moving average is GBX 802.42 and its 200-day simple moving average is GBX 795.08.

Secure Trust Bank Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, August 29th were given a GBX 11.30 ($0.15) dividend. This represents a yield of 1.32%. The ex-dividend date was Thursday, August 29th. Secure Trust Bank’s payout ratio is 2,043.80%.

Insider Buying and Selling at Secure Trust Bank

In other Secure Trust Bank news, insider Jim Brown bought 12,600 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were purchased at an average price of GBX 860 ($11.15) per share, for a total transaction of £108,360 ($140,526.52). In related news, insider David McCreadie acquired 5,930 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was acquired at an average price of GBX 843 ($10.93) per share, for a total transaction of £49,989.90 ($64,829.33). Also, insider Jim Brown bought 12,600 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was bought at an average price of GBX 860 ($11.15) per share, for a total transaction of £108,360 ($140,526.52). Company insiders own 14.85% of the company’s stock.

About Secure Trust Bank

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.