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Secure Trust Bank (LON:STB) Given "House Stock" Rating at Shore Capital

Secure Trust Bank logo with Financial Services background

Key Points

  • Secure Trust Bank's stock has been given a "house stock" rating by Shore Capital and maintains a consensus "Buy" rating with an average price target of GBX 1,420.
  • The bank reported earnings per share of GBX 87.60 for the latest quarter, with analysts forecasting an increase to 214.29 earnings per share for the current year.
  • Insider Jim Brown acquired 20,000 shares at an average price of GBX 1,170, indicating confidence in the bank's performance as insiders own 20.19% of the company’s stock.
  • MarketBeat previews the top five stocks to own by November 1st.

Secure Trust Bank (LON:STB - Get Free Report)'s stock had its "house stock" rating reiterated by research analysts at Shore Capital in a report issued on Thursday,Digital Look reports.

Separately, Berenberg Bank reaffirmed 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 analyst has rated the stock with a Buy rating, According to MarketBeat, Secure Trust Bank has a consensus rating of "Buy" and an average price target of GBX 1,420.

Check Out Our Latest Analysis on STB

Secure Trust Bank Price Performance

Shares of STB stock traded down GBX 244 during trading on Thursday, reaching GBX 966. The company had a trading volume of 848,824 shares, compared to its average volume of 117,200. The firm's 50 day simple moving average is GBX 1,107.06 and its two-hundred day simple moving average is GBX 852.42. Secure Trust Bank has a one year low of GBX 331 and a one year high of GBX 1,262.93. The company has a market capitalization of £180.05 million, a PE ratio of 952.66, a PEG ratio of 0.11 and a beta of 0.87.

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 for the quarter. Secure Trust Bank had a return on equity of 7.43% and a net margin of 7.20%. Analysts forecast that Secure Trust Bank will post 214.2857143 earnings per share for the current year.

Insider Activity

In other news, insider Jim Brown purchased 20,000 shares of the business's stock in a transaction dated Tuesday, August 19th. The shares were acquired at an average price of GBX 1,170 per share, with a total value of £234,000. 20.19% of the stock is owned by company insiders.

About Secure Trust Bank

(Get Free Report)

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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