Secure Trust Bank (LON:STB) Reaches New 12-Month High - What's Next?

Secure Trust Bank PLC (LON:STB - Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 912 ($12.39) and last traded at GBX 912 ($12.39), with a volume of 107066 shares. The stock had previously closed at GBX 880 ($11.95).

Analysts Set New Price Targets

Separately, Shore Capital reissued a "house stock" rating on shares of Secure Trust Bank in a report on Friday.

Secure Trust Bank Price Performance

The stock's 50-day moving average is GBX 731.48 and its 200-day moving average is GBX 563.48. The stock has a market cap of £181.62 million, a price-to-earnings ratio of 7.06, a price-to-earnings-growth ratio of 0.11 and a beta of 0.87.

Insider Buying and Selling

In other news, insider Rachel Lawrence sold 3,279 shares of the firm's stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of GBX 610 ($8.29), for a total value of £20,001.90 ($27,172.80). Also, insider Jim Brown bought 3,525 shares of the business's stock in a transaction dated Wednesday, July 2nd. The stock was acquired at an average cost of GBX 848 ($11.52) per share, for a total transaction of £29,892 ($40,608.61). Company insiders own 14.85% of the company's stock.

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