Secure Trust Bank (LON:STB) Stock Price Down 20.2% - Should You Sell?

Key Points

• Secure Trust Bank's stock fell 20.2% on Thursday, trading between GBX 942 ($12.53) and GBX 966 ($12.85), significantly increasing trading volume by 570% compared to the average.
• Despite the sharp decline, analysts have issued a “buy” rating for Secure Trust Bank, maintaining an average price target of GBX 1,420.
• Insider Jim Brown purchased 20,000 shares at an average price of GBX 1,170 per share, indicating confidence in the bank's future prospects.

Secure Trust Bank PLC (LON:STB - Get Free Report) fell 20.2% during trading on Thursday . The stock traded as low as GBX 942 ($12.53) and last traded at GBX 966 ($12.85). 782,798 shares changed hands during mid-day trading, an increase of 570% from the average session volume of 116,863 shares. The stock had previously closed at GBX 1,210 ($16.09).

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on STB shares. Shore Capital reissued a "house stock" rating on shares of Secure Trust Bank in a research note on Thursday. Berenberg Bank reissued a "buy" rating and set a GBX 1,420 price target on shares of Secure Trust Bank in a research note on Monday, August 18th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of GBX 1,420.

Secure Trust Bank Stock Down 20.2%

The stock has a market cap of £180.05 million, a PE ratio of 952.66, a P/E/G ratio of 0.11 and a beta of 0.87. The business has a 50 day moving average price of GBX 1,106.38 and a 200 day moving average price of GBX 855.14.

Secure Trust Bank (LON:STB - Get Free Report) last issued 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 return on equity of 7.43% and a net margin of 7.20%. On average, research analysts predict 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 news, insider Jim Brown acquired 20,000 shares of the company's stock in a transaction dated Tuesday, August 19th. The stock was acquired at an average cost 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: • 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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