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Secure Trust Bank (LON:STB) Sets New 1-Year High - Should You Buy?

Secure Trust Bank logo with Financial Services background

Key Points

  • Secure Trust Bank's stock price reached a new 52-week high, trading at GBX 1,250 ($16.91) before closing at GBX 1,145 ($15.49) on Friday.
  • Shore Capital has reaffirmed a "house stock" rating on Secure Trust Bank, indicating positive analyst sentiment towards the shares.
  • Insider Jim Brown purchased 3,525 shares of Secure Trust stock at an average price of GBX 848 ($11.47), showing confidence from corporate insiders as they own 14.85% of the stock.
  • Need better tools to track Secure Trust Bank? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Secure Trust Bank PLC (LON:STB - Get Free Report)'s stock price reached a new 52-week high during trading on Friday . The company traded as high as GBX 1,250 ($16.91) and last traded at GBX 1,145 ($15.49), with a volume of 151578 shares changing hands. The stock had previously closed at GBX 1,220 ($16.51).

Wall Street Analyst Weigh In

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

Read Our Latest Stock Report on STB

Secure Trust Bank Stock Performance

The business's fifty day moving average price is GBX 918.18 and its 200-day moving average price is GBX 678.42. The stock has a market cap of £218.06 million, a PE ratio of 8.47, a P/E/G ratio of 0.11 and a beta of 0.87.

Secure Trust Bank (LON:STB - Get Free Report) last posted its quarterly earnings data on Thursday, August 14th. The company reported GBX 87.60 ($1.19) earnings per share (EPS) for the quarter. Secure Trust Bank had a net margin of 7.20% and a return on equity of 7.43%. Analysts forecast that Secure Trust Bank PLC will post 214.2857143 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Secure Trust Bank news, insider Jim Brown purchased 3,525 shares of Secure Trust Bank stock in a transaction that occurred on Wednesday, July 2nd. The shares were bought at an average price of GBX 848 ($11.47) per share, for a total transaction of £29,892 ($40,443.78). 14.85% of the stock is owned by corporate 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: (i) Business finance through its Real Estate Finance and Commercial Finance divisions, and (ii) Consumer finance through its Vehicle Finance and Retail Finance divisions.

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