Secure Trust Bank (LON:STB) Stock Price Down 20.2% - What's Next?

Key Points

• Secure Trust Bank's stock price fell by 20.2% on Thursday, trading as low as GBX 942 ($12.53) and closing at GBX 966 ($12.85) after starting the day at GBX 1,210 ($16.09).
• Despite the recent drop, equities analysts maintain a positive outlook, with an average rating of "Buy" and a consensus price target of GBX 1,420.
• Insider trading was noted, with Jim Brown purchasing 20,000 shares at an average price of GBX 1,170, indicating confidence in the company's future.

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

Analysts Set New Price Targets

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

Secure Trust Bank Stock Down 20.2%

The stock's 50-day moving average price is GBX 1,106.38 and its 200-day moving average price is GBX 855.14. 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.

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 (EPS) for the quarter. Secure Trust Bank had a net margin of 7.20% and a return on equity of 7.43%. On average, equities research analysts anticipate that Secure Trust Bank PLC will post 214.2857143 EPS for the current year.

Insider Activity

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

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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