Secure Trust Bank (LON:STB) Insider Acquires £229,000 in Stock

Key Points

• Insider Jim Brown of Secure Trust Bank purchased 25,000 shares worth £229,000 at an average price of GBX 916 per share on October 22nd.
• The bank's current stock price has risen to GBX 936, with a 52-week trading range between GBX 331 and GBX 1,262.93.
• Analysts maintain a positive outlook, with an average rating of "Buy" and a price target of GBX 1,420 for Secure Trust Bank shares.

Secure Trust Bank PLC (LON:STB - Get Free Report) insider Jim Brown purchased 25,000 shares of the business's stock in a transaction dated Wednesday, October 22nd. The shares were purchased at an average price of GBX 916 per share, with a total value of £229,000.

Jim Brown also recently made the following trade(s):

• On Tuesday, August 19th, Jim Brown purchased 20,000 shares of Secure Trust Bank stock. The shares were purchased at an average price of GBX 1,170 per share, with a total value of £234,000.

Secure Trust Bank Stock Performance

LON STB traded up GBX 22 during trading hours on Thursday, hitting GBX 936. The company had a trading volume of 106,576 shares, compared to its average volume of 121,579. Secure Trust Bank PLC has a 52 week low of GBX 331 and a 52 week high of GBX 1,262.93. The firm has a 50 day simple moving average of GBX 1,072.04 and a 200 day simple moving average of GBX 875.18. The firm has a market capitalization of £174.46 million, a price-to-earnings ratio of 9.23, a PEG ratio of 0.11 and a beta of 0.87.

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on STB shares. Berenberg Bank reiterated a "buy" rating and set a GBX 1,420 price target on shares of Secure Trust Bank in a research report on Monday, August 18th. Shore Capital reissued a "house stock" rating on shares of Secure Trust Bank in a report on Monday. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of GBX 1,420.

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: • 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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