Secure Trust Bank (LON:STB) Hits New 1-Year High - Here's What Happened

Secure Trust Bank PLC (LON:STB - Get Free Report) shares reached a new 52-week high on Thursday . The company traded as high as GBX 1,030 ($13.76) and last traded at GBX 1,000 ($13.36), with a volume of 21569 shares. The stock had previously closed at GBX 1,005 ($13.43).

Analyst Upgrades and Downgrades

Separately, Shore Capital reaffirmed a "house stock" rating on shares of Secure Trust Bank in a research report on Friday, July 11th.

Secure Trust Bank Price Performance

The company's 50 day simple moving average is GBX 824.86 and its 200 day simple moving average is GBX 620.08. The firm has a market cap of £191.40 million, a price-to-earnings ratio of 7.44, a P/E/G ratio of 0.11 and a beta of 0.87.

Insider Activity at Secure Trust Bank

In other news, insider Jim Brown bought 3,525 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The stock was purchased at an average price of GBX 848 ($11.33) per share, for a total transaction of £29,892 ($39,935.87). Insiders own 14.85% of the company's stock.

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: (i) Business finance through its Real Estate Finance and Commercial Finance divisions, and (ii) Consumer finance through its Vehicle Finance and Retail Finance divisions.