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

Key Points

• The share price of Secure Trust Bank PLC fell by 20.2% to GBX 966 ($12.85), marking a significant drop from its previous close of GBX 1,210 ($16.09).
• Despite the decline, analysts maintain a consensus rating of "Buy" with a target price of GBX 1,420, indicating potential recovery in the stock's value.
• Insider purchasing activity was observed, with Jim Brown acquiring 20,000 shares at GBX 1,170, further demonstrating confidence in the company.

Secure Trust Bank PLC (LON:STB - Get Free Report)'s share price fell 20.2% during mid-day trading on Thursday . The stock traded as low as GBX 942 ($12.53) and last traded at GBX 966 ($12.85). 848,824 shares changed hands during 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

Several research firms have issued reports on STB. Shore Capital reiterated a "house stock" rating on shares of Secure Trust Bank in a research note on Thursday. Berenberg Bank reiterated a "buy" rating and set a GBX 1,420 price objective 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 data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of GBX 1,420.

Secure Trust Bank Price Performance

The company has a market capitalization 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 stock has a 50 day moving average price of GBX 1,106.38 and a two-hundred day moving average price of GBX 855.14.

Secure Trust Bank (LON:STB - Get Free Report) last announced its earnings results 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%. Sell-side analysts forecast that Secure Trust Bank PLC will post 214.2857143 EPS 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 that occurred on Tuesday, August 19th. The shares were acquired at an average price of GBX 1,170 per share, for a total transaction 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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