Secure Trust Bank (LON:STB) Share Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Secure Trust Bank's stock price has surpassed its 200-day moving average during recent trading, reaching a high of GBX 1,050 ($14.15) before settling at GBX 1,015 ($13.68).
• Analysts maintain a consensus rating of "Buy" for Secure Trust Bank, with a target price of GBX 1,420, highlighting favorable expectations for the company's future performance.
• Insider Jim Brown purchased 20,000 shares at an average price of GBX 1,170, indicating confidence in the company's prospects, as insiders hold 20.19% of the company’s stock.

Secure Trust Bank PLC (LON:STB - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 795.56 ($10.75) and traded as high as GBX 1,050 ($14.19). Secure Trust Bank shares last traded at GBX 1,015 ($13.72), with a volume of 76,455 shares changing hands.

Wall Street Analyst Weigh In

Several research firms have issued reports on STB. Berenberg Bank reaffirmed 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 research report on Thursday, August 14th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Secure Trust Bank currently has a consensus rating of "Buy" and a consensus target price of GBX 1,420.

Secure Trust Bank Stock Up 2.6%

The stock has a market cap of £206.58 million, a P/E ratio of 1,093.00, a P/E/G ratio of 0.11 and a beta of 0.87. The firm has a 50 day moving average price of GBX 1,070.97 and a 200 day moving average price of GBX 804.95.

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

Insider Transactions at Secure Trust Bank

In other news, insider Jim Brown purchased 20,000 shares of the firm's stock in a transaction dated Tuesday, August 19th. The shares were acquired at an average price of GBX 1,170 per share, with a total value of £234,000. Insiders own 20.19% of the company's stock.

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.