Secure Trust Bank (LON:STB) Stock Price Down 19% - Should You Sell?

Key Points

• Secure Trust Bank's stock price plummeted by 19%, closing at GBX 980 ($13.03) after trading as low as GBX 942 ($12.53).
• Despite the drop, analysts maintain a consensus rating of "Buy" with a target price of GBX 1,420, indicating potential long-term value.
• Insider Jim Brown purchased 20,000 shares at an average price of GBX 1,170, reflecting confidence from within the company.

Secure Trust Bank PLC (LON:STB - Get Free Report) fell 19% on Thursday . The stock traded as low as GBX 942 ($12.53) and last traded at GBX 980 ($13.03). 5,273,198 shares traded hands during trading, an increase of 3,673% from the average session volume of 139,773 shares. The stock had previously closed at GBX 1,210 ($16.09).

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Berenberg Bank reiterated a "buy" rating and set a GBX 1,420 target price 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 note on Thursday. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of GBX 1,420.

Secure Trust Bank Stock Performance

The firm has a market cap of £180.05 million, a price-to-earnings ratio of 952.66, a price-to-earnings-growth ratio of 0.11 and a beta of 0.87. The business's 50 day moving average price is GBX 1,106.38 and its 200-day moving average price is GBX 855.14.

Secure Trust Bank (LON:STB - Get Free Report) last announced 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%. On average, analysts forecast that Secure Trust Bank PLC will post 214.2857143 earnings per share for the current fiscal year.

Insider Buying and Selling at Secure Trust Bank

In other Secure Trust Bank news, insider Jim Brown purchased 20,000 shares of the business's stock in a transaction dated Tuesday, August 19th. The shares were bought at an average price of GBX 1,170 per share, with a total value of £234,000. Company 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: • 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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