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

Key Points

• Secure Trust Bank's stock price fell by 20.2%, trading as low as GBX 942 ($12.53) during the day, significantly down from its previous close of GBX 1,210 ($16.09).
• Despite the recent decline, analysts maintain a consensus rating of "Buy" for Secure Trust Bank, with a target price set at GBX 1,420.
• Insider Jim Brown purchased 20,000 shares at an average cost of GBX 1,170, indicating confidence in the bank's potential recovery.

Secure Trust Bank PLC (LON:STB - Get Free Report) shares were down 20.2% during mid-day trading on Thursday . The company 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

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

Secure Trust Bank Stock Performance

The firm has a market capitalization 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 business has a 50 day simple moving average of GBX 1,106.38 and a two-hundred day simple moving average 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%. On average, equities analysts anticipate that Secure Trust Bank PLC will post 214.2857143 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Jim Brown acquired 20,000 shares of the firm's stock in a transaction that occurred 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 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.

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.