Insider Buying: Secure Trust Bank (LON:STB) Insider Acquires 28,296 Shares of Stock

Key Points

• Insider Ian Corfield of Secure Trust Bank PLC purchased 28,296 shares at an average price of GBX 879 per share, totaling approximately £248,721.84.
• Secure Trust Bank stock traded at GBX 914 on Wednesday, with a one-year trading range between GBX 331 and GBX 1,262.93.
• Brokerages have varying ratings on the stock, with a consensus rating of "Buy" and an average price target of GBX 1,420, suggesting potential growth.

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

Secure Trust Bank Stock Performance

LON:STB traded up GBX 26 during trading hours on Wednesday, hitting GBX 914. The stock had a trading volume of 82,495 shares, compared to its average volume of 121,652. Secure Trust Bank PLC has a one year low of GBX 331 and a one year high of GBX 1,262.93. The company has a market cap of £170.36 million, a price-to-earnings ratio of 9.01, a P/E/G ratio of 0.11 and a beta of 0.87. The business's 50 day moving average is GBX 1,075.86 and its 200-day moving average is GBX 874.91.

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on STB. Shore Capital restated a "house stock" rating on shares of Secure Trust Bank in a report on Monday. Berenberg Bank reiterated a "buy" rating and issued a GBX 1,420 price target on shares of Secure Trust Bank in a research note on Monday, August 18th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average 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.

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