Secure Trust Bank (LON:STB) Announces Earnings Results

Key Points

• Secure Trust Bank reported a quarterly , with a net margin of 7.20% and a return on equity of 7.43%.
• The company's stock rose to GBX 1,220 ($16.57), with a market capitalization of £232.35 million and a P/E ratio of 9.03.
• Insider Jim Brown purchased 3,525 shares at an average price of GBX 848 ($11.52), indicating confidence in the company's prospects.

Secure Trust Bank (LON:STB - Get Free Report) released its quarterly earnings results on Thursday. The company reported GBX 87.60 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Secure Trust Bank had a net margin of 7.20% and a return on equity of 7.43%.

Secure Trust Bank Price Performance

Shares of LON:STB traded up GBX 5 during trading on Tuesday, hitting GBX 1,155. 57,356 shares of the company were exchanged, compared to its average volume of 120,727. The stock has a market capitalization of £219.97 million, a P/E ratio of 8.54, a PEG ratio of 0.11 and a beta of 0.87. Secure Trust Bank has a 12-month low of GBX 331 and a 12-month high of GBX 1,262.93. The firm's 50 day moving average price is GBX 941.86 and its 200-day moving average price is GBX 694.88.

Insider Buying and Selling at Secure Trust Bank

In related news, insider Jim Brown acquired 3,525 shares of Secure Trust Bank stock in a transaction dated Wednesday, July 2nd. The stock was acquired at an average price of GBX 848 per share, for a total transaction of £29,892. Corporate insiders own 14.85% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on STB. Shore Capital reiterated a "house stock" rating on shares of Secure Trust Bank in a report on Thursday, August 14th. Berenberg Bank reiterated a "buy" rating and issued a GBX 1,420 price objective on shares of Secure Trust Bank in a report on Monday. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus 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: (i) Business finance through its Real Estate Finance and Commercial Finance divisions, and (ii) Consumer finance through its Vehicle Finance and Retail Finance divisions.