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

Key Points

• Secure Trust Bank's stock price dropped by 20.2% to GBX 966 ($12.85) amid significant trading activity, with a session volume increase of 624% compared to average levels.
• Despite the recent decline, analysts maintain a consensus rating of "Buy" with a target price of GBX 1,420, following upgrades from Berenberg Bank.
• Insider Jim Brown purchased 20,000 shares at GBX 1,170, indicating confidence in the bank's future performance, with insiders collectively holding 20.19% of the stock.

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 1,420 price target 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 report on Thursday. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Secure Trust Bank 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 capitalization of £180.05 million, a PE ratio of 952.66, a price-to-earnings-growth ratio of 0.11 and a beta of 0.87. The stock's 50 day simple moving average is GBX 1,106.38 and its two-hundred day simple moving average is GBX 855.14.

Secure Trust Bank (LON:STB - Get Free Report) last released its quarterly earnings data on Thursday, August 14th. The company reported GBX 87.60 earnings per share for the quarter. Secure Trust Bank had a return on equity of 7.43% and a net margin of 7.20%. Equities research 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 on Tuesday, August 19th. The shares were bought at an average cost of GBX 1,170 per share, with a total value of £234,000. 20.19% of the stock is currently owned by corporate 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.

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