Secure Trust Bank (LON:STB) Shares Down 17.9% - What's Next?

Key Points

• Secure Trust Bank's shares fell 17.9% during mid-day trading, declining to GBX 994 ($13.32) from a previous close of GBX 1,210 ($16.22), with trading volume significantly increasing by 3,363% compared to its average session volume.
• The company has a consensus rating of "Buy" from analysts, with a target price of GBX 1,420, despite the recent drop in share price.
• Following a recent transaction, corporate insiders own 20.19% of Secure Trust Bank, with insider Jim Brown purchasing 20,000 shares at an average price of GBX 1,170.

Secure Trust Bank PLC (LON:STB - Get Free Report) fell 17.9% during mid-day trading on Thursday . The company traded as low as GBX 952 ($12.76) and last traded at GBX 994 ($13.32). 4,747,021 shares traded hands during mid-day trading, an increase of 3,363% from the average session volume of 137,089 shares. The stock had previously closed at GBX 1,210 ($16.22).

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Berenberg Bank restated a "buy" rating and issued a GBX 1,420 price objective on shares of Secure Trust Bank in a research note on Monday, August 18th. Shore Capital restated a "house stock" rating on shares of Secure Trust Bank in a research note on Thursday, August 14th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of GBX 1,420.

Secure Trust Bank Trading Down 20.2%

The stock has a market cap of £180.05 million, a P/E ratio of 952.66, a price-to-earnings-growth ratio of 0.11 and a beta of 0.87. The company's fifty day simple moving average is GBX 1,107.06 and its 200-day simple moving average is GBX 852.42.

Secure Trust Bank (LON:STB - Get Free Report) last announced its quarterly earnings results on Thursday, August 14th. The company reported GBX 87.60 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%. As a group, analysts expect that Secure Trust Bank PLC will post 214.2857143 earnings per share for the current fiscal year.

Insider Activity at Secure Trust Bank

In other news, insider Jim Brown bought 20,000 shares of Secure Trust Bank stock in a transaction dated Tuesday, August 19th. The shares were bought at an average price of GBX 1,170 per share, for a total transaction of £234,000. Corporate insiders own 20.19% 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: • 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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