Secure Trust Bank (LON:STB) Stock Price Passes Above 200-Day Moving Average - What's Next?

Key Points

• Secure Trust Bank PLC's stock has surged above its 200-day moving average, achieving a recent high of GBX 1,245 ($16.69) and trading currently at GBX 1,210 ($16.22).
• Analysts maintain a positive outlook on Secure Trust Bank, with a "buy" rating and a target price of GBX 1,420, indicating potential upside from current levels.
• Insider Jim Brown purchased 20,000 shares at an average cost of GBX 1,170, reflecting belief in the company's future performance, as insiders own 20.19% of the stock.

Shares of Secure Trust Bank PLC (LON:STB - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 852.42 ($11.43) and traded as high as GBX 1,245 ($16.69). Secure Trust Bank shares last traded at GBX 1,210 ($16.22), with a volume of 319,093 shares trading hands.

Wall Street Analyst Weigh In

STB has been the topic of several analyst reports. Berenberg Bank reiterated a "buy" rating and issued a GBX 1,420 target price 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 note on Thursday, August 14th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Secure Trust Bank has a consensus rating of "Buy" and an average target price of GBX 1,420.

Secure Trust Bank Price Performance

The stock has a market capitalization of £179.68 million, a PE ratio of 950.69, a P/E/G ratio of 0.11 and a beta of 0.87. The stock has a 50 day moving average of GBX 1,107.06 and a two-hundred day moving average of GBX 852.42.

Secure Trust Bank (LON:STB - Get Free Report) last posted its quarterly 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%. As a group, research analysts predict that Secure Trust Bank PLC will post 214.2857143 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Jim Brown bought 20,000 shares of the firm's stock in a transaction on Tuesday, August 19th. The shares were bought at an average cost of GBX 1,170 per share, for a total transaction of £234,000. Insiders own 20.19% of the company's stock.

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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