Secure Trust Bank (LON:STB) Stock Price Down 20.2% - Here's Why

Key Points

• Secure Trust Bank's stock price has fallen by 20.2%, trading at GBX 966 ($12.85) after reaching a low of GBX 942 ($12.53) during Thursday's trading session.
• The bank's market capitalization is £180.05 million, with a P/E ratio of 952.66, and it has received a consensus Buy rating from analysts with a target price of GBX 1,420.
• Insider activity includes a purchase of 20,000 shares by Jim Brown at an average price of GBX 1,170, indicating insider confidence in the company's potential.

Secure Trust Bank PLC (LON:STB - Get Free Report)'s share price was down 20.2% during trading on Thursday . The stock traded as low as GBX 942 ($12.53) and last traded at GBX 966 ($12.85). Approximately 848,824 shares changed hands during trading, an increase of 624% from the average daily volume of 117,200 shares. The stock had previously closed at GBX 1,210 ($16.09).

Analyst Upgrades and Downgrades

STB has been the topic of a number of research reports. Shore Capital restated a "house stock" rating on shares of Secure Trust Bank in a report on Thursday. Berenberg Bank restated a "buy" rating and issued a GBX 1,420 price target on shares of Secure Trust Bank in a report on Monday, August 18th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of GBX 1,420.

Secure Trust Bank Stock Down 20.2%

The firm 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 firm has a fifty day moving average of GBX 1,106.38 and a 200-day moving average of GBX 855.14.

Secure Trust Bank (LON:STB - Get Free Report) last released its earnings results 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, equities analysts forecast that Secure Trust Bank PLC will post 214.2857143 EPS for the current year.

Insiders Place Their Bets

In other Secure Trust Bank news, insider Jim Brown purchased 20,000 shares of the stock in a transaction on Tuesday, August 19th. The shares were purchased at an average price of GBX 1,170 per share, with a total value of £234,000. 20.19% of the stock is currently owned by company insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.